Yokogawa Electric Corporation
FY2026 Q3 Earnings Presentation
In FY2026 Q3, order intake was 450.2 billion yen (YoY +2.0%), net sales 434.3 billion yen (YoY +6.2%), operating income 60.4 billion yen (YoY +3.5%), and net income attributable to owners of parent 44.8 billion yen (YoY +15.9%), achieving year-over-year growth in revenue and profit. The full-year earnings forecast was also revised upward, with net sales expected at 595.0 billion yen (YoY +5.8%), operating income at 87.0 billion yen (YoY +4.2%), and net income attributable to owners of parent at 59.5 billion yen (YoY +14.2%).
Key Figures
- Q3 Order Intake: 450.2 billion yen (YoY +2.0%)
- Q3 Net Sales: 434.3 billion yen (YoY +6.2%)
- Q3 Operating Income: 60.4 billion yen (YoY +3.5%)
- Q3 Net Income Attributable to Owners of Parent: 44.8 billion yen (YoY +15.9%)
- Full-year Net Sales Forecast: 595.0 billion yen (YoY +5.8%)
- Full-year Operating Income Forecast: 87.0 billion yen (YoY +4.2%)
- Full-year Net Income Attributable to Owners of Parent Forecast: 59.5 billion yen (YoY +14.2%)
- Exchange Rate (1 USD): 149.41 yen (Q3), 150.00 yen (Full-year forecast)
AI要約
Performance Overview
In FY2026 Q3, Yokogawa Electric Corporation posted order intake of 450.2 billion yen (YoY +2.0%), net sales of 434.3 billion yen (YoY +6.2%), operating income of 60.4 billion yen (YoY +3.5%), and net income attributable to owners of parent of 44.8 billion yen (YoY +15.9%), achieving year-over-year increases in revenue and profit. Excluding foreign exchange effects, order intake, net sales, and operating income all increased. By segment, the control business recorded growth in both revenue and profit; the instrumentation business saw increased sales but operating income remained flat YoY; new and other businesses stayed steady compared to the same period last year. By region, large project wins in Japan boosted both orders and sales, while declines in the Middle East were offset by growth in other overseas markets.
Revisions to Full-year Earnings Forecast and Dividend Forecast
The full-year earnings forecast has been revised upward, with net sales expected at 595.0 billion yen (YoY +5.8%), operating income at 87.0 billion yen (YoY +4.2%), and net income attributable to owners of parent at 59.5 billion yen (YoY +14.2%). The foreign exchange rate assumption has been updated to 1 USD = 150.00 yen. The dividend forecast has also been revised upward. The increase in gross profit accompanying higher sales supports the rise in operating income, while deterioration in gross profit margin and increased selling, general and administrative expenses (mainly labor costs) partly press on earnings.
