Johnson Electric Holdings Limited (00179) reported first-quarter revenue of $915 million for the three months ending June 30, 2025, marking a 2% year-over-year decline. Foreign exchange fluctuations provided a $9 million boost to the group's revenue during the period.

Revenue from the Automotive Products Group fell to $765 million, representing a $23 million or 3% decrease compared to the same period in FY2024/2025. Excluding foreign exchange impacts, the decline would have been steeper at $30 million or 4%. Conversely, the Industrial & Commercial Products Group saw revenue rise to $150 million, an increase of $2 million or 2% year-over-year. Adjusted for currency effects, this segment's revenue grew by $1 million or 1%.

The company noted significant regional variations in performance, attributing these differences to shifting market and customer dynamics. Commenting on the quarterly results, Chairman and CEO Dr. Wang Suizhong stated, "Johnson Electric's first-quarter revenue performance reflects persistent macroeconomic headwinds and a decline in market share among non-local Chinese automotive OEM customers compared to the prior fiscal year period."

Looking ahead to the remainder of FY2025/2026, Dr. Wang expressed cautious optimism: "We anticipate clients will maintain a prudent approach to purchasing and investment decisions until global tariff policies gain clarity. While this near-term caution may temporarily constrain sales momentum, we draw encouragement from new product launches and business development initiatives expected to fuel growth in the second half of the fiscal year."