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Daifuku Co., Ltd. · Year ended December 2025

From order book to operating life: Daifuku's long-running work.

Airport bags, warehouse goods and materials inside semiconductor factories all need to move through a facility. Daifuku builds the systems that move them. A customer orders equipment, a project progresses and the system enters use. Each stage appears differently in the financial disclosures.

3 primary sourcesPublished 2026-10-15Updated 2026-10-15

¥632.2bn of work in the year-end order book

A baggage conveyor connected to material-handling equipment being designed, operated and maintained

Semiconductor orders and sales can point in different directions

Revenue develops as construction progresses

Operating equipment continues to create work

THE WORK ACROSS TIME

From a customer's plan to everyday operation

Winning the project, building the system and supporting the equipment in use.

The customer's material-handling systemBefore installation and throughout use
  1. Win the orderTurn investment plans and specifications into a project
  2. Build the systemEngineer, manufacture and install; manage progress and cost
  3. Support operationInspection, parts, maintenance, upgrades and renewal

This summarizes how the work continues. Order backlog, construction revenue and service sales are different disclosed measures.

Long-running work puts a premium on execution

THE VIEW AFTER THE NUMBERS

What the numbers suggest

Daifuku turns customers’ investment plans into equipment and supports that equipment while it is in use.

The year-end 2025 backlog was ¥632.2bn. Orders can rise while revenue falls if fewer earlier projects are ready to support sales; as construction progresses, revenue can be recognized before completion. Service sales, including work around installed equipment, were ¥176.6bn, or 27% of total revenue.

The moment an order is won, the time spent building it and the years a system remains in use overlap. The year’s sales sit between projects still being executed and work around systems already in use. That overlap is a useful way to read Daifuku.

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This is not investment advice or a stock recommendation. We reorder company-published primary-source facts to make the shape of the business easier to see.

Primary sources used

Annual Securities Report, 110th Term (FY2025)

Daifuku Co., Ltd. · 2026-06-25

Pages used: p.53 / p.55 / p.60 / p.61 / p.135 / p.137

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FY2025 Consolidated Financial Results Presentation

Daifuku Co., Ltd. · 2026-02-12

Pages used: p.15

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Daifuku Report 2026

Daifuku Co., Ltd. · 2026-07-31

Pages used: p.16 / p.51

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¥307.9bnFY2025 revenue