YASKAWA Electric (6506) Q4 2026 earnings summary

Executive summary

• FY2025 revenue grew 0.8% year-over-year to ¥542.1bn, driven by steady conversion of new orders, especially in AI and semiconductor-related fields, but operating profit declined 5.7% and profit attributable to owners of parent dropped 38.2% due to higher costs and absence of prior-year one-time gains.

• Orders in 4Q FY2025 rose 20% year-over-year and 10% sequentially, led by AI, semiconductor, and steel plant project demand.

• Comprehensive income increased 23.8% year-over-year, mainly due to favorable exchange differences on translation of foreign operations.

Financial highlights

• FY2025 revenue: ¥542.1bn (+0.8% YoY); operating profit: ¥47.3bn (-5.7% YoY); profit before tax: ¥49.6bn (-36.8% YoY); profit attributable to owners of parent: ¥35.2bn (-38.2% YoY); basic EPS: ¥135.88 (down from ¥218.62 YoY).

• FY2026 forecasts: revenue ¥580.0bn (+7.0%), operating profit ¥60.0bn (+26.8%), profit before tax ¥65.0bn (+31.1%), profit attributable to owners of parent ¥47.0bn (+33.4%), EPS ¥181.21.

• Dividend for FY2025 was ¥68/share (50.0% payout); FY2026 forecast is ¥72/share (39.7% payout).

• Net cash provided by operating activities: ¥52.17bn; net cash used in investing: ¥44.22bn; net cash used in financing: ¥8.63bn.

• Total assets: ¥812.37bn; total equity: ¥493.62bn as of February 28, 2026.

Outlook and guidance

• FY2026 expects growth in both revenue and profit, supported by robust AI and semiconductor market demand.

• Assumed forex rates for FY2026: 1USD=145JPY, 1EUR=170JPY, 1CNY=20.5JPY, 1KRW=0.105JPY.

• Capital expenditure planned at ¥58.0bn and R&D investment at ¥24.0bn for FY2026.

• Dividend forecast for FY2026: ¥72/share, up from ¥68/share.