What did IHI report for Apr–Dec (3Q cumulative)?

IHI’s Apr–Dec results showed net profit up 11% year over year, while operating profit slipped 0.9% to ¥102.5bn under IFRS. The mix suggests healthy demand but some margin pressure. Investors will watch order conversion, costs, and capacity plans to gauge the next leg for IHI earnings.

Why did the IHI stock price jump today?

Shares rallied after IHI earnings highlighted profit growth and strong demand, especially tied to Japan defense demand. The stock closed at ¥4,288, up 8.67%, setting a new year high. Elevated volume showed fresh interest as the market priced in backlog support and potential margin recovery ahead.

Is IHI’s valuation stretched after the rally?

At 35.17x TTM earnings and 8.41x book, valuation prices in continued growth. ROE is strong at 26.37%, but operating margin remains below double digits. Further upside likely relies on faster backlog conversion, stable costs, and improving margins rather than multiple expansion following recent IHI earnings.

What should investors watch next for IHI earnings?

Track order intake quality, operating margin recovery, and capacity expansion or hiring updates. Monitor working capital, supplier timelines, and FX sensitivity. Clear signs of throughput gains and cost control would support stronger IHI earnings, while delays in scaling production could cap near-term upside for the stock.

Global Market Insights

7013.T Stock Today: February 11 — IHI Apr–Dec Net Profit Up 11%

ByDanny Kontos February 10, 2026February 10, 2026

IHI earnings took center stage today after the company posted Apr–Dec net profit up 11% year over year, while operating profit edged down 0.9% to ¥102.5bn under IFRS. The IHI stock price jumped as investors weighed stronger orders against margin pressure. In Japan, demand for defense equipment is lifting industry sales and backlogs, but capacity limits may slow near-term profit gains. We break down 7013.T results, valuation, and the factors that could drive the next move for investors in Tokyo.