Media OutReach
Johnson Electric reports results for the year ended 31 March 2026
Highlights of FY25/26 Results
- Group sales US$3,650 million – up 0.1% compared to the prior year; a decrease of 2% on a constant currency basis
- Gross profit US$840 million or 23.0% of sales (compared to US$843 million or 23.1% of sales in the prior year)
- Adjusted EBITA US$287 million or 7.9% of sales (compared to US$344 million or 9.4% of sales in the prior year)
- Net profit attributable to shareholders totalled US$202 million – a decrease of 23% compared to the prior year
- Net profit, excluding non-cash unrealized currency movements, restructuring costs, impairment of certain intangible assets, and adverse fair value movements in investments, declined by 13% to US$234 million
- Free cash flow from operations totalled US$217 million compared to US$286 million in the prior year
- A recommended final dividend of 44 HK cents per share (5.64 US cents)
- As of 31 March 2026, cash reserves amounted to US$902 million (compared to US$791 million at the prior year end); and the ratio of total debt to capital was 10%
HONG KONG SAR – Media OutReach Newswire – 28 May 2026 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the twelve months ended 31 March 2026.
Group sales for the 2025/26 financial year were US$3,650 million, an increase of 0.1% compared to the prior year. Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, declined by 13% to US$234 million.
Sales Performance
The Automotive Products Group (“APG”) achieved sales of US$3,054 million, which amounted to 84% of total Group sales. Excluding currency effects, APG’s sales decreased by 3%.
Global automotive industry production volumes increased slightly over the prior year, but growth remains lacklustre in most markets due to affordability concerns and the challenges faced by OEMs and suppliers in adjusting to geopolitical uncertainty, tariff pressures, and the shifting economics of battery electric vehicles that continue to be shaped by the level of government subsidies available to consumers.
APG’s sales are divided broadly equally across the three major geographic regions of demand, but performance over the past year reflected distinct variations in local market conditions, as well as APG’s own mix of OEM customers and the timing of new program launches.
In Asia, the division’s sales declined by 7% on a constant currency basis primarily due to the ongoing erosion in market share held by Sino-foreign joint venture OEM customers in China. APG has continued to win significant new business awards from Chinese domestic OEMs and their suppliers, which now account for the majority of its sales in China. However, the division’s historically large share among joint venture customers has acted as a drag on its recent sales performance that is taking time to reverse. The domestic passenger vehicle market in China itself experienced a sharp slowdown in sales in the first quarter of 2026 due to the phasing out of trade-in subsidies designed to encourage the purchase of electric vehicles.
APG’s sales to the Americas increased by 1% on a constant currency basis in a market that saw total light vehicle production volumes broadly flat. The predominant factor constraining new car sales in North America is cost of living concerns, with many low to middle income car buyers struggling to afford new vehicles that, on average, have increased in price by over 30% since 2020.
In Europe, APG’s sales decreased by 2% on a constant currency basis. The European auto market continues to experience sluggish consumer demand at the same time that OEMs are hampered by excess production capacity and the impact of shifting emissions regulations on their product model line-ups.
APG’s strategy in the context of the varied and unpredictable operating environment for component suppliers is, firstly, to focus on bringing to market innovative motion technologies that enable electrification, reduce emissions, and enhance passenger safety and comfort. Secondly, APG aims to offer its diverse base of customers an unrivalled total cost and value proposition that combines speed, scale, and reliability of production with an adaptable global operating footprint.
The Industry Products Group (“IPG”) achieved sales of US$596 million – an increase of 2% compared to the prior year on a constant currency basis. After three successive years of declining sales, this marks an important return to growth for the division. In more commoditized product application segments, new business development has been redirected towards the rapidly growing base of Chinese manufacturers who are capturing an increasing share of the global market for consumer and commercial hardware goods – particularly for low-priced, entry-level products. In parallel, IPG is focused on supplying motion subsystem solutions to more specialized, higher-growth segments, including humanoid robotics, warehouse automation, medical devices, semiconductor manufacturing equipment, and liquid cooling applications.
Gross Margins and Operating Profitability
The Group’s gross profit of US$840 million, or 23.0% of sales, was essentially flat compared to the prior financial year. Slight increases in production staff costs, depreciation, and raw materials were offset by savings in other production overheads and direct labour.
Reported earnings before interest, tax and amortization (“EBITA”) amounted to US$258 million, a decrease of 22% compared to US$331 million achieved in the prior year. The decline was due to a combination of factors, including higher selling and administrative staff costs and other provisions, an impairment of intangible assets arising from a past acquisition, and reduced other income due to an adverse net change in the fair value of certain investments.
Net Profit and Financial Condition
Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, amounted to US$234 million compared to US$268 million in the prior year.
The Group’s overall financial condition remains robust with a total debt to capital ratio of 10%, an interest coverage ratio of 22 times, and year-end cash reserves of US$902 million.
Dividends
The Board considers it appropriate to recommend maintaining the final dividend of 44 HK cents (5.64 US cents) per share, which together with the interim dividend of 17 HK cents per share, represents a total dividend of 61 HK cents (7.82 US cents) per share.
Chairman’s Comments on the Annual Results and Outlook
Commenting on the annual results for the financial year 2025/26, Dr. Patrick Wang, Chairman and Chief Executive, said, “Operating conditions for global manufacturing businesses during the financial year 2025/26 remained challenging, with end-market demand in most regions subdued and geopolitical events and uncertainties placing upward pressure on input costs.”
Dr. Patrick Wang further commented: “In the face of these headwinds, Johnson Electric maintained its long-standing resilience with sales and gross profit margins both holding up comparatively well. The bottom-line result, however, was negatively impacted by the effects of higher overhead expenses on a flat sales base, adverse net changes in the fair value of investments, and a non-cash intangible assets impairment charge.”
Concerning the near-term financial outlook, Dr. Patrick Wang said: “The global economy demonstrated resilience over the past year, despite the protracted conflict between Russia and Ukraine and the geopolitical shock of tariffs being imposed on US imports of goods from almost all countries. Looking ahead, the unstable and unpredictable conditions for trade and global manufacturing have been made even more precarious by the outbreak of war in the Middle East.”
“Johnson Electric has a long-standing track record in successfully navigating volatile global markets. In the near term, with geopolitical and macro-economic dynamics impossible to forecast with precision, management remains focused on cost control, managing the effects of inflation, and maintaining a prudent financial risk profile.”
“In parallel, however, we are also committed to invest in adapting and scaling our business model to meet strong underlying demand for our motion subsystem solutions in several high-growth end-markets and new product applications. Included among these are: thermal management systems for electric and hybrid vehicles that depend on a combination of water pumps, valves and actuators to support optimal vehicle cabin temperature, extend electric vehicle driving range, and contribute to longer battery life; solid oxide fuel cell power generation systems that are becoming established as an important source of low-emission, on-site electricity supply to AI data centres; and AI-enabled humanoid robots, which are widely viewed as one of the most significant industrial and commercial opportunities over the next ten to twenty years.”
Forward Looking Statements
This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.
Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.
Note to Editors and Securities Analysts: The full text of the Annual Results announcement, includingfinancial statements, is available through the Investors section of company’s website at www.johnsonelectric.com
Hashtag: #JohnsonElectric
The issuer is solely responsible for the content of this announcement.
About Johnson Electric Group
At Johnson Electric, our vision is to be the world’s definitive provider of innovation and reliable motion systems.
We are a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components, serving a broad range of industries including Automotive, Liquid Cooling, Robotic Joints, Smart Metering, Business Equipment, Ventilation, Home Automation, Large Appliances, Power Tools, Medical Devices and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employes over 30,000 individuals in more than 20 countries worldwide. We are listed on The Stock Exchange of Hong Kong Limited ( Stock no. 179). For further information, please visit: www.johnsonelectric.com.
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The 15th Canon x McDull Inter-school Ink Cartridge Recycling Award Presentation Ceremony Advancing Environmental Education with Collective Efforts
Adhering to Canon’s corporate philosophy “Kyosei”, Canon Hong Kong has spared no effort to promote environmental conservation and sustainable development, injecting green elements into different kinds of corporate activities. Since the launch of “Ink Cartridge Recycling Program” in 2009, Canon Hong Kong has invited the beloved local cartoon character, McDull, to serve as the program ambassador. With the ambition of cultivating the environmental awareness of the next generation, the program was extended to the education sector in 2011, calling on support from primary and secondary schools in the annual competition. Now in its 15th year, the program has reached an important milestone and received overwhelming responses from more than 300 organizations, housing estates, shopping malls, supermarkets and schools, all helping to set up recycling boxes to encourage the public to recycle used inkjet printer cartridges of all brands. To deepen students’ understanding and engagement with environmental issues, Canon Hong Kong has organized over 230 environmental seminars for participating schools, reaching over 70,000 students with messages about recycling and sustainable development. As of June 2026, over 295,000 ink cartridges were collected. Recycled ink cartridges were dismantled, while the metals and plastics were being recycled into raw materials for other products.
In the welcome speech at the ceremony, Ms. Candy Mau, Director of Corporate Communications and General Administration Division of Canon Hong Kong, affirmed the winning schools for their exemplar dedication in promoting recycling. A total of 8 schools were recognized in the category of “Highest No. of Recycled Ink Cartridges”. Ms. Mau noted that the escalating threat of global warming and climate change has sounded an alarm for the Earth, reminding us of the need to protect the environment together. She emphasized the importance of promoting environmental protection to the young generation from an early age and urged schools to build a better and sustainable society together by continuously promoting environmental education.
After the ceremony, Canon Hong Kong arranged a “Build Your Own Camera” STEAM parent-child workshop for the students and parents. The activity allowed them to assemble and build their own handcraft camera models, thereby learning basic optical principles. Through interactive demonstrations and disassembling camera structures, participants gained a deeper understanding of the science behind imaging while enjoying the joy of creativity, technology and photography. The workshop added a memorable learning experience to the ceremony and brought the event to a successful close.
Hashtag: #Canon #McDull
The issuer is solely responsible for the content of this announcement.
About Canon Hongkong Company Limited
Canon Inc. (TSE:7751) was founded in 1937 in Japan. Its predecessor, Precision Optical Instruments Laboratory, produced Japan’s first 35 mm focal-plane-shutter camera “Kwanon” in 1934. From there, Canon Inc. expanded into the photocopying and printing industries, launching Japan’s first plain paper copier NP-1100 in 1970 and the world’s first inkjet printer BJ-80 in 1985. Through the years, Canon Inc. has acquired in-depth experience in digital imaging product manufacturing, research and development. Pioneering in innovative product development, Canon Inc. holds the most technology patents in the imaging industry. Canon Inc. also makes significant contributions to promote photography. Today, Canon Inc. has a strong global presence, representing one of the most important market players in the imaging, office and industrial product categories. As of 31 December 2025, Canon’s global revenue was US$30 billion.
In 1971, Canon Hongkong Co., Ltd. (Canon Hong Kong) was established as one of the first Canon offices in Asia. Canon Hong Kong is a Total Imaging Solution provider, providing professional pre-sales, marketing and after-sales services for all Canon products and solutions in Hong Kong and Macau. With the solely owned subsidiary Canon Business Solutions (Guangdong) Co., Ltd. established in 2018; the company continues to deliver intelligent total business solutions and professional services to Greater Bay Area. Canon Hong Kong adheres to Canon’s corporate philosophy of “Kyosei”, encouraging the company and staff to engage in social, charitable and environmental activities for the community. Implementing an internationally recognized management system, Canon Hong Kong has achieved ISO 9001, ISO 14001, ISO 45001 and ISO 27001 (Canon Digital Production Center) certifications.
For more information about Canon Hong Kong, please visit our website: 
https://hk.canon.
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Booster Pack 09 “Here He Comes! Our Hero!” & Starter Deck 04 “Ultraman & Ultraman Cosmos” To Be Released on Friday, October 23! The Showa Ultraman Series Makes Its First Appearance!
BP09″Here He Comes! Our Hero!”／SD04 “Ultraman & Ultraman Cosmos”
BP09 “Here He Comes! Our Hero!” and SD04 “Ultraman & Ultraman Cosmos” introduce Ultraman Cosmos, one of the heroes most requested by players, alongside the original Ultraman, who makes his long-awaited debut from the Showa Ultraman series in the Ultraman Card Game.
These products also commemorate the 2nd Anniversary of the Ultraman Card Game, making them a special milestone release.
They also introduce the new “Color System” and the all-new “Boost Card” category. These additions expand strategic possibilities and offer greater deck-building diversity, delivering even more exciting and dynamic battles.
- Promotional Video
- Image: BP09 Booster Pack & SD04 Package
- View image: https://bit.ly/4h10Bj4
Feature 1: Ultraman and Ultraman Cosmos Join the Game!
The original Ultraman and Ultraman Cosmos finally make their debut in the Ultraman Card Game.
Build decks and experience gameplay that faithfully recreates the unique abilities, fighting styles, and identities of these legendary heroes.
- Ultraman also appears as a serial-numbered card in BP08.
To celebrate this milestone, Ultraman is also featured as a serial-numbered card in Booster Pack 08: Converging Bonds, released on Friday, July 10.
- Image: Ultraman and Ultraman Cosmos
- View image: https://bit.ly/3SNXSzy
Feature 2: Introducing the New Card Category – “Boost Cards”
A brand-new card category, Boost Cards, joins Character Cards and Scene Cards as a new card type.
Boost Cards are inspired by iconic elements from across the Ultraman series, including Defense Teams and memorable items used throughout the franchise.
More details on Boost Cards, including gameplay mechanics and previewed card effects, will be revealed at a later date.
- Image: Boost Card
- View image: https://bit.ly/4y8EOMD
Feature 3: New Gameplay Mechanic – “Color System”
BP09 introduces the new Color System.
Under this system, every Character Card belongs to one of five colors:
- Red
- Blue
- Purple
- Yellow
- Green
Cards released before the introduction of the Color System, along with cards that do not have a color attribute, are treated as Colorless, allowing them to remain fully playable.
Combined with Boost Cards, the Color System adds greater deck-building depth, strategic decision-making, and exciting comeback opportunities.
More details on the Color System will be announced soon.
- Image: Colour System
- View image: https://bit.ly/4vt4h0Q
Official Accessories
Two new official card sleeve designs and a new playmat will also be available to help protect and showcase your collection.
1. Ultraman Card Game Official Card Sleeves (Beta Capsule)
Features the Beta Capsule, Ultraman’s transformation device, together with its iconic Ultra Sign.
2. Ultraman Card Game Official Card Sleeves (Cosmo Pluck)
Features Ultraman Cosmos’ transformation device, the Cosmo Pluck, together with its Ultra Sign.
3. Ultraman Card Game Official Playmat (Ultraman)
A playmat featuring the iconic debut scene of Ultraman as its design.
It also includes a newly added Boost Card Area, supporting the latest game rules.
- Image: Accessories (Sleeves, Playmat)
- View image: https://bit.ly/4eON4d3
Booster Pack 09 “Here He Comes! Our Hero!”
- Release Date：October 23rd, 2026 (Friday)
Contents
- 12 cards per pack
- 24 packs per display box
※Box Topper is not included in this release
Starter Deck 04 “Ultraman ＆ Ultraman Cosmos”
- Release Date: October 23rd, 2026 (Friday)
Contents
- 1 50 card pre-constructed deck (20 card types)
- 1 pack of BP09「Here He Comes! Our Hero!」
- 1 playsheet
Ultraman Card Game Official Sleeves 2 types (Beta Capsule/Cosmo Pluck)
- Release Date: October 23rd, 2026 (Friday)
Ultraman Card Game Official Playmat (Ultraman）
- Release Date: October 23rd, 2026 (Friday)
Regarding Ultraman Card Game
The Ultraman Card Game is a trading card game designed based on the Ultraman Universe and combines collectability with playability that appeals to both adults and children.
Official Name: Ultraman Card Game
Distribution Areas: Retail, toy stores, and trading card shops in distribution countries
Official Website:
https://ultraman-cardgame.com/
Official Social Media:
https://x.com/ucg_en (English X)
https://linktr.ee/ultramancardgame (List)
Hashtag: #UltramanCardGame #BP09 #SD04
https://ultraman-cardgame.com/https://linktr.ee/ultramancardgame
https://x.com/ucg_en
The issuer is solely responsible for the content of this announcement.
Media OutReach
Ancient Port, New Voyages: Ningbo’s Smart Manufacturing Expands Global Trade Footprint via Maritime Silk Road
Separated by thousands of miles, the two millennia-old port cities reconnected, leveraging their ports as a bond and cultural exchanges as a cohesive force to hold in-depth talks on integrated port-city development and bilateral economic and trade connectivity.
This cross-Indian Ocean dialogue echoes the ancient Maritime Silk Road while charting a brand-new outbound development path. As a pivotal starting port of the ancient Maritime Silk Road, Ningbo is building a new global trade landscape powered by smart manufacturing.
A thousand years ago, merchant vessels from Mingzhou Port set sail southward loaded with Yue Kiln celadon porcelain, passing through Ceylon to deliver Oriental crafts across the Indian Ocean coasts. Precious gemstones and spices traveled the same sea route back to regions south of the Yangtze River, laying the groundwork for the earliest cultural exchange between the two ports through trade. Today, the cargo carried by giant cargo ships has undergone a dramatic transformation. Beyond traditional daily necessities, intelligent equipment, digital home appliances and industrial robots now dominate shipments.
Official statistics show that Ningbo’s exports of intelligent equipment, including mechanical arms and industrial robots, hit 440 million yuan in 2025, surging more than 40% year-on-year. From January to May this year, Ningbo’s exports of mechanical and electrical products maintained steady growth, reaching 247 billion yuan, a 4.1% year-on-year increase and accounting for 58.0% of the city’s total export volume. The new energy foreign trade sector saw explosive growth, with exports of new energy vehicles, lithium batteries, and photovoltaic products jumping 138.4% year-on-year, with electric vehicle exports skyrocketing 215.9%. Smart manufactured goods are continuously expanding the scope of Ningbo’s foreign trade.
Complementing the Colombo forum, an exhibition highlights Ningbo’s outstanding going-global enterprises and their products, vividly illustrating the profound shift in Ningbo’s trade structure.
Alongside time-honored Maritime Silk Road staples such as celadon porcelain and silk, Ningbo’s smart manufactured products—including AI translation glasses, intelligent outdoor gear and digital small home appliances—occupy prominent display spaces across the venue. In Sri Lanka, Ningbo smart water meters are widely adopted nationwide, while handheld cooling fans and intelligent kitchen appliances have entered ordinary households.
Leveraging Colombo Port’s transshipment advantages, massive volumes of Ningbo smart manufactured goods are distributed onward to Europe, the Middle East and beyond. What Ningbo exports today is no longer mere commodities, but a complete outbound solution integrating technology, brand value and after-sales services.
Faced with mounting challenges including homogeneous global market competition and rising trade barriers, Ningbo’s manufacturing sector has abandoned the old model of low-cost OEM production, relying on intelligent transformation to consolidate its competitive edge in overseas markets.
Over more than a decade of digital transformation efforts, Ningbo has achieved full digital upgrading of all industrial enterprises above designated size. A large number of local factories have built unmanned black-light workshops and flexible production lines, escaping vicious price competition through continuous technological iteration. Represented by five specialized, sophisticated, distinctive and innovative enterprises dubbed Ningbo’s “Five Little Tigers”—famous for their core proprietary technologies, including highly sophisticated visual inspection equipment, heat-resistant materials, sun-proof coatings, puncture-proof materials and self-drilling fasteners—these niche manufacturers have developed differentiated technical routes and full-spectrum production capacity, cementing irreplaceable competitiveness for Ningbo smart manufacturing on global markets.
Beyond trade expansion, Ningbo has built a supporting cultural communication system to ensure “products go global, accompanied by local culture”.
The launch of Sri Lanka’s first “One-Meter Cultural Space” cultural station during the Colombo event marks a tangible milestone of Ningbo’s go-global initiative. Built on enterprises’ overseas outlets, these miniature cultural exhibition halls integrate intangible cultural heritage crafts, urban stories and smart products, enabling overseas clients to experience cutting-edge manufacturing while gaining insight into Ningbo’s profound cultural heritage.
During the twin-city story-sharing session, Ningbo entrepreneurs based in Sri Lanka and local designers blending Chinese and Sri Lankan aesthetics shared stories of bilateral exchanges. Economic and trade ties have evolved into a bond for people-to-people communication, bridging divides in cross-cultural trade.
From Tang-dynasty celadon porcelain sailing across the Indian Ocean to intelligent equipment shipping to every corner of the globe, Ningbo, the ancient Maritime Silk Road port, has preserved its enduring gene of openness. Where exchanges once relied purely on commodity trade, today smart manufacturing underpins a stable, diversified and high-value-added global trade network.
The Ningbo-Colombo dialogue stands as a vivid microcosm of this transformation: the port still links lands and seas, yet the core of its trade has undergone a full intelligent upgrade.
Rooted in its historical legacy as a key Maritime Silk Road hub, Ningbo has consolidated its industrial foundation through a decade of digital development, expanded global market reach via worldwide port networks, and softened trade cooperation through cultural exchanges. This brand-new outbound shipping route forged by smart manufacturing has not only reshaped the city’s foreign trade landscape, but also delivered a replicable port-city development model for Chinese manufacturing to go global.
Hashtag: #NingboSmartManufacturing #MaritimeSilkRoad #GlobalTrade
The issuer is solely responsible for the content of this announcement.
