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YOKOGAWA ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase, Raises Record High Profit, Dividend Revised Upward by 14 Yen

Tue Feb 3, 2026 3:30 pm JST Earnings

6841 YOKOGAWA ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

YOKOGAWA ELECTRIC CORPORATION <6841> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 61.9 billion yen, a 2.0% increase compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 4.8%, from the previous forecast of 83.0 billion yen to 87.0 billion yen (compared to 85.3 billion yen in the previous period), record profits reach four consecutive terms, turning to a 1.9% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 9.2%, from the previous forecast of 43.3 billion yen to 47.3 billion yen (compared to 49.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 12.4% to 4.3%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 64 yen to 78 yen (compared to 58 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 22.3 billion yen, a 10.4% decrease compared to the same period last year. The operating profit margin decreased from 15.5% in the same period last year to 14.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 393,089 58,380 61,015 52,113 197.8 72.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 408,887 58,398 60,803 38,700 148.7 71.2 Feb 4, 2025 J-GAAP
Apr - Dec, 2025 434,315 60,423 61,992 44,838 175.6 71.3 Feb 3, 2026 J-GAAP
YoY +6.2% +3.5% +2.0% +15.9% +18.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 295,004 44,012 43,324 25,129 98.7 32 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 New 313,004 48,012 47,324 30,129 118.3 46 Feb 3, 2026 J-GAAP
Revision Rate +6.1% +9.1% +9.2% +19.9% +19.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 577,000 83,000 83,000 54,500 214.0 64 Nov 4, 2025 J-GAAP
Mar, 2026 New 595,000 87,000 87,000 59,500 233.7 78 Feb 3, 2026 J-GAAP
Revision Rate +3.1% +4.8% +4.8% +9.2% +9.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 295,824 47,218 49,463 27,550 105.9 29 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 313,004 48,012 47,324 30,129 118.3 46 Feb 3, 2026 J-GAAP
YoY +5.8% +1.7% -4.3% +9.4% +11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 540,152 78,800 84,098 61,685 234.8 40 May 7, 2024 J-GAAP
Mar, 2025 562,404 83,523 85,351 52,123 200.4 58 May 7, 2025 J-GAAP
Mar, 2026 Guidance 595,000 87,000 87,000 59,500 233.7 78 Feb 3, 2026 J-GAAP
YoY +5.8% +4.2% +1.9% +14.2% +16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 142,307 22,093 24,915 14,127 54.3 15.5 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 153,517 25,125 24,548 13,423 51.6 16.4 May 7, 2025 J-GAAP
Apr - Jun, 2025 130,211 16,202 15,609 15,153 59.1 12.4 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 151,785 22,786 24,067 14,218 55.6 15.0 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 152,319 21,435 22,316 15,467 60.6 14.1 Feb 3, 2026 J-GAAP
YoY +7.0% -3.0% -10.4% +9.5% +11.5%

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