Yokogawa Electric (6841) Q2 2026 earnings summary

Executive summary

• Orders, sales, and operating income all increased year-over-year in the first half of FY25, despite negative currency effects from yen appreciation.

• Net sales rose 5.8% year-over-year to ¥281.99 billion, operating profit up 7.4% to ¥38.99 billion, and profit attributable to owners of parent up 19.5% to ¥29.37 billion.

• Growth was driven by large-scale project acquisitions and a strong order backlog, with notable performance in the Control segment.

• Comprehensive income surged 138.5% year-over-year to ¥38.32 billion, reflecting strong business performance and improved other comprehensive income.

• Interim dividend of ¥32 per share declared, and a share repurchase program up to ¥20 billion is underway.

Financial highlights

• Orders rose to ¥300.4B (+3.3% YoY), sales to ¥282.0B (+5.8% YoY), and operating income to ¥39.0B (+7.4% YoY).

• Profit attributable to owners of parent increased 19.5% YoY to ¥29.4B.

• Gross profit increased to ¥132.78 billion from ¥127.50 billion year-over-year, with gross margin improving.

• Basic earnings per share rose to ¥114.87 from ¥94.45 year-over-year.

• Shareholders' equity ratio improved to 66.8% from 65.1% at the previous fiscal year-end.

Outlook and guidance

• FY25 full-year sales forecast revised up to ¥577.0B (+3.0% YoY), with operating income at ¥83.0B and EPS at ¥213.56.

• Exchange rate assumption updated to $1 = ¥145.

• Profit attributable to owners of parent forecast at ¥54.5B (+3.8% YoY).