YASKAWA Electric (6506) Q2 2027 earnings summary

Executive summary

• H1 revenue rose 9.8% YoY to ¥285,598 million; operating profit fell 5.5% to ¥22,058 million amid ERP-related disruption and Europe restructuring costs.

• Profit attributable to owners of parent rose 4.1% to ¥18,988 million; profit before tax increased 3.0% to ¥25,963 million.

• 2Q orders reached a record quarterly high, up 38% YoY and 13% QoQ, supported by data center- and semiconductor-related investment.

Financial highlights

• H1 revenue was ¥285,598 million versus ¥260,200 million YoY; operating profit was ¥22,058 million versus ¥23,300 million.

• Gross profit was ¥101,185 million and profit before tax was ¥25,963 million; parent-attributable profit was ¥18,988 million.

• Operating cash flow was ¥45,628 million; investing cash outflow was ¥29,642 million and free cash flow was ¥15,986 million.

Outlook and guidance

• FY2027 revenue guidance rose ¥20,000 million to ¥600,000 million, reflecting the weaker-yen benefit; operating profit guidance fell ¥2,500 million to ¥57,500 million, incorporating H1 ERP effects.

• FY2027 forecast profit before tax is ¥65,500 million and parent-attributable profit is ¥47,500 million; H2 exchange-rate assumptions include USD ¥155 and EUR ¥180.

• Annual dividend forecast remains ¥72 per share, including a ¥36 interim dividend; forecast payout ratio is 39.3%.

• H2 priorities include normalizing product supply, expanding data center drives output, increasing semiconductor robot capacity and accelerating AI robotics adoption.