China factory automation data: June 2026

Research evidence excerpt

China factory automation data: June 2026

Global Markets Research

China factory automation data: June 2026 3 July 2026

EQUITY: JAPAN MACHINERY

Research Analysts

Airtac sales up 28% y-y in June Japan machinery

Kentaro Maekawa - NSC

kentaro.maekawa@nomura.com

Down m-m, partly for seasonal reasons +81 3 6703 1208

Angela Yang - NSC

Airtac daily sales estimated to be up 22% y-y and down 11% m-m in June wenching.yang@nomura.com

Taiwanese pneumatic equipment manufacturer Airtac [1590 TT], which generates around +81 3 6703 1819

90% of its sales in China, released June sales data on 2 July, with CNY-denominated

sales up 28% y-y and down 1% m-m (Figure 4). We estimate that daily sales were up

22% y-y and down 11% m-m (based on 23 business days). Daily sales tend to fall m-m in

June and July owing to seasonality (Figure 1). Apr–Jun sales were TWD12.2bn,

exceeding our TWD11.6bn forecast.

Management's comments were largely unchanged from the previous month. The

company said order value this month has stayed above shipment value and that both

have been trending higher than it had been anticipating. Quarterly sales stayed at a

record high as market demand is in an upcycle. The company said the 15th five-year

medium-term business plan released by the Chinese government focuses on smart

manufacturing and industrial advancement, and it expects both to contribute to increased

demand in the pneumatic equipment market. It expects the government to continue to

announce support measures as needed. It maintains an optimistic view on pneumatic

industry demand in FY26.

User industry breakdown: Solid y-y performance across user industries other than

energy and lighting

By user industry, we estimate sales rose 25% y-y in electronics (27% sales weighting),