YASKAWA Electric, The Current Fiscal Year Net Income Revised Downward by 2%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Jan 10, 2025 4:00 pm JST Earnings

6506 YASKAWA Electric Corporation 【IFRS】

Earnings Report

YASKAWA Electric Corporation <6506> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 10th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 45.4 billion yen, an increase 30.7% compared to the same period last year.

However, the full-year consolidated net income has decreased 1.6%, from the previous forecast of 64 billion yen to 63 billion yen (compared to 50.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 26.3% to 24.3%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the September to February period (2H) has decreased 2.2%, from the previous forecast of 46.1 billion yen to 45.1 billion yen (compared to 26.4 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 74.4% to 70.6%.

In the most recent three-month period, from September to November (3Q), the consolidated net income surged 2.6 times that of the same period last year, reaching 27.6 billion yen. However, the operating profit margin worsened from 10.0% in the same period last year to 8.6%.

Kabutan News

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
Mar - Nov, 2022	407,520	48,132	51,071	37,189	142.3	71.8	Jan 10, 2023	IFRS
Mar - Nov, 2023	424,330	46,547	48,431	34,788	133.1	70.1	Jan 12, 2024	IFRS
Mar - Nov, 2024	393,689	34,313	62,990	45,484	174.2	72.0	Jan 10, 2025	IFRS
YoY	-7.2%	-26.3%	+30.1%	+30.7%	+30.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	291,427	41,074	65,373	46,149	178.0	34	Oct 4, 2024	IFRS
Sep - Feb, 2024 New	286,427	35,074	63,073	45,149	174.1	34	Jan 10, 2025	IFRS
Revision Rate	-1.7%	-14.6%	-3.5%	-2.2%	-2.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	553,000	64,000	89,800	64,000	246.8	68	Oct 4, 2024	IFRS
Feb, 2025 New	548,000	58,000	87,500	63,000	242.9	68	Jan 10, 2025	IFRS
Revision Rate	-0.9%	-9.4%	-2.6%	-1.6%	-1.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	286,680	33,163	34,535	26,459	101.2	32	Apr 5, 2024	IFRS
Sep - Feb, 2024 Guidance	286,427	35,074	63,073	45,149	174.1	34	Jan 10, 2025	IFRS
YoY	-0.1%	+5.8%	+82.6%	+70.6%	+72.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	555,955	68,301	71,134	51,783	198.1	64	Apr 7, 2023	IFRS
Feb, 2024	575,658	66,225	69,078	50,687	193.9	64	Apr 5, 2024	IFRS
Feb, 2025 Guidance	548,000	58,000	87,500	63,000	242.9	68	Jan 10, 2025	IFRS
YoY	-4.8%	-12.4%	+26.7%	+24.3%	+25.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	135,352	13,485	13,888	10,560	40.4	10.0	Jan 12, 2024	IFRS
Dec - Feb, 2023	151,328	19,678	20,647	15,899	60.8	13.0	Apr 5, 2024	IFRS
Mar - May, 2024	132,408	11,118	12,328	9,199	35.2	8.4	Jul 5, 2024	IFRS
Jun - Aug, 2024	129,165	11,808	12,099	8,652	33.1	9.1	Oct 4, 2024	IFRS
Sep - Nov, 2024	132,116	11,387	38,563	27,633	105.8	8.6	Jan 10, 2025	IFRS
YoY	-2.4%	-15.6%	+177.7%	+161.7%	+162.0%