Yokogawa Electric (6841) Q3 2025 earnings summary

Executive summary

• Orders, sales, and operating income increased year-over-year for the first three quarters of FY25, despite yen appreciation headwinds.

• Net sales rose 6.2% YoY to ¥434.3B, operating profit up 3.5% to ¥60.4B, and profit attributable to owners of parent up 15.9% to ¥44.8B.

• Comprehensive income increased to ¥68.8B from ¥48.5B YoY, driven by profit growth and FX gains.

• Upward revisions were made to full-year earnings and dividend forecasts, reflecting strong business momentum.

• The company is executing its "Growth for Sustainability 2028" plan, focusing on sustainable value creation.

Financial highlights

• Orders rose to ¥450.2B (+2.0% YoY), sales reached ¥434.3B (+6.2% YoY), and operating income was ¥60.4B (+3.5% YoY) for FY25 1Q-3Q.

• Profit attributable to owners of parent increased 15.9% YoY to ¥44.8B.

• Gross profit increased to ¥202.0B, with gross margin stable.

• Basic EPS rose to ¥175.58 from ¥148.74 YoY.

• Shareholders' equity ratio improved to 66.5% from 65.1% at the previous fiscal year-end.

Outlook and guidance

• FY25 full-year sales forecast revised up to ¥595.0B (+5.8% YoY), operating income to ¥87.0B (+4.2% YoY), and profit attributable to owners of parent to ¥59.5B (+14.2% YoY).

• EPS forecast raised to ¥233.15.

• Dividend forecast increased to ¥78.00 per share for the year ending March 31, 2026.

• Exchange rate assumption updated to US$1 = ¥150.