YASKAWA Electric (6506) Q3 2026 earnings summary

Executive summary

• Revenue for the first nine months of FY2025 increased 0.4% year-over-year to ¥395.2bn, with operating profit down 3.3% to ¥33.2bn and profit attributable to owners of parent down 43.8% to ¥25.5bn, reflecting the absence of prior-year one-time gains.

• Comprehensive income increased 19.7% year-over-year to ¥50.9bn, mainly due to favorable foreign exchange translation differences.

• Orders in 3Q rose 15% year-over-year and 3% sequentially, led by a large order in the Drives segment for oil and gas applications.

• The business environment remained uncertain due to geopolitical risks and U.S. tariff policy, but demand in the global semiconductor and automation markets showed recovery, especially in China and South Korea.

Financial highlights

• Revenue: ¥395.2bn (+0.4% YoY); Operating profit: ¥33.2bn (-3.3% YoY); Profit before tax: ¥35.1bn (-44.3% YoY); Profit attributable to owners of parent: ¥25.5bn (-43.8% YoY).

• Gross profit for the nine months was ¥138.9bn, nearly flat year-over-year.

• Basic earnings per share dropped to ¥98.49 from ¥174.22 a year earlier.

• Total assets increased to ¥796.6bn as of November 30, 2025, up from ¥743.8bn at the previous fiscal year-end.

• Equity attributable to owners of parent rose to ¥463.2bn, with a ratio to total assets of 58.2%.

Outlook and guidance

• Full-year FY2025 forecast unchanged: Revenue ¥525.0bn, Operating profit ¥48.0bn, profit attributable to owners of parent ¥37.0bn, and EPS ¥142.66.

• Annual dividend forecast maintained at ¥68 per share.

• Management notes demand recovery signs but highlights ongoing uncertainty from U.S. tariffs and geopolitical risks.