YASKAWA Electric (6506) Q4 2025 earnings summary

Executive summary

• FY2024 revenue declined 6.6% year-over-year to ¥537.7bn, mainly due to a slowdown in the Motion Control segment and sluggish recovery in key markets like semiconductors and automotive.

• Operating profit fell 24.3% year-over-year to ¥50.2bn, reflecting lower sales despite cost reduction efforts.

• Profit attributable to owners of parent rose 12.4% to ¥57.0bn, driven by a one-time gain from the transfer and revaluation of shares in an equity-method affiliate.

• Comprehensive income fell 17.7% to ¥57.95bn, impacted by negative foreign currency translation effects.

• Orders in 4Q increased 15% year-over-year and 5% sequentially, led by AC servo motors in Japan and AC drives in the Americas.

Financial highlights

• FY2024 revenue: ¥537.7bn (down ¥38.0bn, -6.6% year-over-year).

• Operating profit: ¥50.2bn (down ¥16.1bn, -24.3% year-over-year).

• Profit before tax: ¥78.5bn (up ¥9.4bn, +13.6% year-over-year).

• Basic EPS increased to ¥218.62 from ¥193.87 year-over-year.

• Cash and cash equivalents at year-end rose to ¥59.0bn from ¥40.3bn.

Outlook and guidance

• FY2025 revenue forecast: ¥550.0bn (+2.3% year-over-year); operating profit forecast: ¥60.0bn (+19.6%).

• Profit before tax and profit attributable to owners of parent expected to decrease due to absence of prior year’s one-time gain.

• Dividend forecast for FY2025 remains at ¥68 per share; payout ratio expected at 37.9%.

• Assumed forex rates for FY2025 reflect a stronger yen; USD/JPY 145, EUR/JPY 160, CNY/JPY 20, KRW/JPY 0.110.