Report published October 1, 2026
Japan Machinery: Machine Tools - JMTBA Final Orders | Goldman Sachs Equity Research
Goldman Sachs · October 1, 2026
JMTBA August 2026 final machine tool orders rose 65% YoY to ¥197.9 bn, driven by strong overseas demand in North America and Asia. Growth continues to be led by aerospace, defense, and semiconductor/data center investments, while automotive-related orders remain sluggish.
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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Total August 2026 machine tool orders reached ¥197,867 mn (+65% YoY, +2% MoM), driven by sustained overseas strength of ¥146,350 mn (+66% YoY, +5% MoM).
- 2.Demand growth across Japan, North America, and Europe is heavily led by aerospace, defense, and semiconductor/data center sectors, while the automotive sector remains sluggish.
- 3.North America orders surged to ¥49,954 mn (+72% YoY, +24% MoM) led by record high aircraft, shipbuilding, and general machinery orders, aided by a ¥5 bn-6 bn space project and pre-price-hike front-loading.
Table of Contents
- This month's highlights
- Japan
- North America
- Europe
- China
- JMTBA DI
Report data
Exhibit 1: Japan Machine Tool Builders' Association: Final orders summary
| Metric | Estimate | Context |
|---|---|---|
| Total Machine Tool Orders | 197,867 mn JPY | Final orders summary from JMTBA |
| Domestic Orders (Japan) | 51,517 mn JPY | Japan domestic machine tool orders |
| Overseas Machine Tool Orders | 146,350 mn JPY | Overseas machine tool orders total |
| North America Orders | 49,954 mn JPY | JMTBA orders in North America |
| China Orders | 47,423 mn JPY | JMTBA orders in China |
Reports in this series
Japan Machinery: Machine Tools is shown in chronological order through this edition, published on October 1, 2026.
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