Yokogawa Electric Corporation
Fiscal Year ending March 2027 Second Quarter Earnings Presentation
Consolidated results for the second quarter showed higher revenue but lower operating income. Measurement devices delivered both revenue and profit growth, while Control saw deteriorating gross margin and higher SG&A due to foreign exchange impacts. Full-year FY26 guidance was revised; orders remain solid overseas. The company also announced a share buyback and a policy on the interim dividend.
Key Figures
- FY26 1H Revenue: 3,173 hundred million yen
- FY26 1H Operating Income: 357 hundred million yen (includes some adjustments to forecast breakdown)
- FY26 Forecast EPS: 241.80 yen
AI要約
Overview of Results
Consolidated results for the second quarter benefited from steady order intake domestically and internationally, with Measurement achieving significant revenue and profit growth. Control recorded higher revenue due to exchange rate effects, but operating income declined due to lower gross margin and increased SG&A. By segment, Control orders were flat to slightly up, while Measurement showed a marked increase. The full-year forecast was revised, with a policy to prioritize securing profits overall.
Outlook and Capital Policy
FY26 earnings forecasts were revised. While monitoring project pipelines in the Middle East, Europe and Asia based on regional order and revenue trends, the company will continue to pursue growth opportunities in new areas such as expanded investment in AI data centers. The interim dividend is set at 46 yen, and a share buyback program of up to 30,000 million yen will be implemented. The company intends to continue growth investments while maintaining financial soundness.
Operating Income Trend
Yokogawa Electric Corporation
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