YASKAWA Electric (6506) Q1 2027 earnings summary

Executive summary

• Revenue grew 10.6% year-over-year in FY2026 1Q to ¥138,982 million, driven by strong demand in semiconductor and data center-related markets, despite geopolitical risks and ERP system impacts.

• Operating profit declined 19.2% year-over-year to ¥8,486 million due to ERP system implementation, higher indirect expenses, and restructuring costs in Europe.

• Orders increased 29% year-over-year and 8% sequentially, reflecting robust market demand.

• Profit attributable to owners of parent fell 21.7% year-over-year to ¥5,445 million.

• Comprehensive income surged to ¥10,599 million, up 229.2% year-over-year, mainly due to favorable exchange differences.

Financial highlights

• FY2026 1Q revenue: ¥139.0bn (+10.6% YoY); operating profit: ¥8.5bn (-19.2% YoY); profit before tax: ¥8.5bn (-13.6% YoY); profit attributable to owners: ¥5.4bn (-21.7% YoY).

• Overseas revenue rose 18.7% YoY, with notable growth in the Americas (+27.8%) and China (+21.8%).

• Motion Control segment revenue up 21.5% YoY; Robotics up 2.0%; System Engineering up 5.9%.

• Gross profit increased to ¥47,877 million from ¥44,643 million year-over-year.

• Earnings per share (basic) decreased to ¥21.00 from ¥26.81 year-over-year.

Outlook and guidance

• FY2026 full-year forecast unchanged: revenue ¥580.0bn, operating profit ¥60.0bn, profit before tax ¥65.0bn, profit attributable to owners ¥47.0bn.

• Annual dividend forecast maintained at 72 yen per share.

• Management continues to monitor ERP system stabilization before revising guidance.