YASKAWA Electric (6506) Q1 2025 earnings summary

Executive summary

• Revenue for FY2024 Q1 was ¥132.4bn, down 7.1% year-over-year, reflecting normalization from high order backlogs and lower Motion Control demand.

• Operating profit fell 32.4% to ¥11.1bn, mainly due to lower revenue and profit margins.

• Profit attributable to owners of parent decreased 21.1% to ¥9.2bn.

• Comprehensive income rose 20.9% to ¥19.7bn, driven by strong other comprehensive income.

Financial highlights

• Revenue: ¥132.4bn (down ¥10.1bn, -7.1% year-over-year).

• Operating profit: ¥11.1bn (down ¥5.3bn, -32.4% year-over-year).

• Profit before tax: ¥12.3bn (down ¥4.6bn, -27.4% year-over-year).

• Gross profit: ¥46.6bn, down from ¥50.9bn year-over-year.

• Basic earnings per share fell to ¥35.19 from ¥44.62 in the prior year.

Outlook and guidance

• Full-year FY2024 forecasts unchanged: revenue ¥580.0bn (+0.8%), operating profit ¥70.0bn (+5.7%), profit attributable to owners of parent ¥54.0bn (+6.5%).

• Management expects recovery in automation, labor-saving, and semiconductor investments.

• No changes to previously announced financial or dividend forecasts.