Johnson Electric Holdings (00179) has announced its financial results for the three months ended June 30, 2026. The group's revenue reached $936 million, representing an increase of approximately $21 million, or 2%, compared to the $915 million reported in the same period of the prior fiscal year.

During the period, favorable foreign exchange rate movements contributed $14 million to the group's total revenue increase. For the three months ended June 30, 2026, revenue from the Automotive Products Group amounted to $778 million, a rise of $13 million, or 2%, compared to the same period in the FY25/26. Excluding foreign exchange impacts, the revenue for the Automotive Products Group was largely flat.

Revenue from the Industrial & Commercial Products Group for the quarter was $158 million, an increase of $8 million, or 6%, from the same period last fiscal year. When excluding foreign exchange effects, the revenue for this product group increased by $7 million, or 5%.

In commentary on the sales performance and outlook, the Chairman stated that the group's first-quarter revenue achieved modest growth on a reported basis, primarily benefiting from favorable currency movements. Looking ahead, market visibility remains limited due to continued customer caution in purchasing and investment decisions, stemming from ongoing uncertainties in the macroeconomic environment, geopolitical landscape, and trade tariff policies.

Nevertheless, the group currently maintains its target of achieving mid-single-digit percentage growth for the full year. This target is underpinned by new product launch plans across various sectors, including automotive, consumer goods, and industrial applications, as well as the expectation of further market share expansion with several key customers.

From a medium- to long-term perspective, the group remains confident in its growth prospects. It expects to continue benefiting from sustained investment in innovative technologies and an expanding portfolio of growth platforms. These platforms include components and subsystems for applications such as distributed power generation systems, advanced thermal management, liquid cooling systems, and humanoid robots.

The group is actively pursuing new business opportunities across multiple growth areas and is investing in technology research and development as well as enhancing operational capacity to meet future customer demand. While these areas present attractive long-term development opportunities, the pace of their development and commercialization will continue to be influenced by factors such as customer project timelines and the overall market environment.