Japan Capital Goods: Machinery Meter: FA remains firm, HVAC steady; construction mixed

Research evidence excerpt

Japan Capital Goods: Machinery Meter: FA remains firm, HVAC steady; construction mixed

Accessible version

Japan Capital Goods

Machinery Meter: FA remains firm, HVAC

steady; construction mixed

Industry Overview

08 June 2026

June edition of Machinery Meter Equity

Each month, we publish a compilation of data points that we find useful in tracking trends Japan

across the sector. We believe this alongside our other data-driven reports, such as the Capital Goods

BofA Japan FA Indicator (see report Global Industrials: BofA Japan FA Indicator: Modest

improvement 19 May 2026), provides investors with a better sense of where demand and Table of Contents

earnings are headed. An Excel version of the data is also available upon request.

Factory Automation-related data points 2

Machine tool-related data points 3FA: Stronger data trends remain firm

Momentum remained strong into Apr-May across industry indicators, reinforcing the Construction and mining equipment-related

solid trends seen from FA-related companies this earnings season (see report Japan data points

Capital Goods: 1Q results wrap: Stay constructive on tech driven FA; positive medium- Farming equipment-related data points 5

term plan shift 27 May 2026). The pick-up remained strong across electronics-related Power tools-related data points 6

end-markets (semis and consumer), and China, where sales trends for AirTAC/Hiwin HVAC-related data points 8

remained firm in May (see report Greater China Industrials: FA channel check: order Macro data points 8

growth momentum sustained in May 04 June 2026). Macro data were also supportive, Inventory data points 10

with manufacturing PMIs above 50 across key regions. Encouragingly, capacity utilization Recent reports relating to monthly data points 10