Yokogawa Electric Corp. · TSE:6841
Yokogawa Electric — Q1 FY2026 Earnings Presentation
27 slides from Yokogawa Electric's earnings presentation, Aug 4, 2026
Slide 1: Financial Results for the First Quarter of Fiscal Year 2026
Securities Code: 6841 Yokogawa Electric Corporation Financial Results for the First Quarter of Fiscal Year 2026 Michiko Nakajima Director, Vice President & Executive Officer, Head of Accounting & Treasury Headquarters August 4, 2026 | August 4, 2026 | © Yokogawa Electric Corporation
Slide 2: Contents
Contents 1. Financial Results for the First Quarter of Fiscal Year 2026 P. 3 Michiko Nakajima Director, Vice President & Executive Officer, Head of Accounting & Treasury Headquarters 2. Financial Appendix P. 17 Quarterly Financial Results Non-operating / Extraordinary Income and Expenses Order Backl
Slide 3: Financial Results for the First Quarter of Fiscal Year 2026
Financial Results for the First Quarter of Fiscal Year 2026 (April 1, 2026 – June 30, 2026) | August 4, 2026 | © Yokogawa Electric Corporation
Slide 4: Key Points
Key Points ◼ FY26 1Q results - Summary: • Orders increased, driven primarily by strong growth in the Measuring Instruments business. • Sales increased mainly due to the impact of fluctuations in foreign exchange rates. • Operating income remained at about the same level as the previous fiscal year.
Slide 5: Summary of FY26 1Q Results (YoY comparison)
Summary of FY26 1Q Results (YoY comparison) ◆ Orders increased, driven by the Control business’s acquisition of large-scale projects primarily in Japan, and increased AI data center-related demand in the Measuring Instruments business (excluding the impact of exchange rates: +¥18.8 billion, +12.6%).
Slide 6: Analysis of Operating Income (YoY comparison)
Analysis of Operating Income (YoY comparison) Exchange rates （¥） FY25 1Q FY26 1Q Improvement in gross margin US$ 144.11 160.44 EUR 165.46 185.98 （Billion ¥） (0.3) +0.8 (2.6) +2.4 Decrease in gross profit Increase in SG&A from lower sales 16.2 (excluding the impact of ・Increase in labor costs 16.5 ex
Slide 7: Comparison for Orders, Sales, and Operating Income by Segment
Comparison for Orders, Sales, and Operating Income by Segment ◆ Control: • Orders increased (excluding the impact of exchange rates: +¥2.1 billion, +1.5%). • Sales increased, mainly due to the impact of foreign exchange rates (excluding the impact of exchange rates: -¥1.3 billion, -1.1%). • Operatin
Slide 8: Orders and Sales by Region in Control Segment
Orders and Sales by Region in Control Segment ◆ Despite a reactionary decline following the receipt in the previous fiscal year of large orders in the Middle East, orders were up overall, driven by the acquisition of large-scale projects in Japan. （Billion ¥） FY25 1Q FY26 1Q Difference FY25 1Q FY26
Slide 9: Orders and Sales by Control Subsegment
Orders and Sales by Control Subsegment （Billion ¥） Orders Sales Difference Growth rate Difference Growth rate 153.5 +14.2 +10.2% 147.7 139.3 13.7 +2.3 +20.5% +9.5 +7.8% Life 11.0 131.4 11.4 120.7 121.9 11.2 +0.6 +5.4% Life 9.4 10.6 Materials 52.2 55.1 46.3 +8.8 +19.0% 48.1 +0.9 +1.9% Materials 51.6
Slide 10: Control Subsegment Order Trend by Project Size
Control Subsegment Order Trend by Project Size ◆Starting this reporting period, the threshold amounts for distinguishing between large and base orders in the Materials and Life segments have been changed. （Billion ¥） Energy & Sustainability Materials Life ■Base orders 小口 ■Large 大口 orders ■Base order
Slide 11: Orders by Industry in Control Segment
Orders by Industry in Control Segment Energy & Sustainability Materials （Billion ¥） 11.2 9.5 Other Materials 3.8 4.2 Pulp & Paper 7.8 8.1 7.5 7.6 Other E&S 4.9 7.6 6.7 10.1 6.4 Mining & Metals 4.0 4.4 3.5 6.3 5.2 Water 8.6 4.5 6.9 5.2 4.0 5.4 2.4 Renewable Energy 9.5 Mobility & Electric 5.8 7.0 5.9
Slide 12: FY26 Forecast (unchanged)
FY26 Forecast (unchanged) ▪ While there are short-term concerns about the impact of the Middle East geopolitical situation, orders are expected to increase, supported by robust energy demand and a continued strong customer appetite for investment (excluding the impact of exchange rates: +¥31.3 billi
Slide 13: Factors Accounting for Increase/Decrease in FY26 Operating Income (unchanged)
Factors Accounting for Increase/Decrease in FY26 Operating Income (unchanged) Increase in gross profit Exchange rates （¥） from higher sales FY25 FY26 (excluding the impact of exchange rates) US$ 151.17 150.00 Gross margin EUR 175.65 170.00 improvement （Billion ¥） +5.0 (8.5) +6.5 (0.6) Increase in SG
Slide 14: FY26 Forecast for Orders, Sales and Operating Income by Segment (unchanged)
FY26 Forecast for Orders, Sales and Operating Income by Segment (unchanged) （Billion ¥） Orders Sales Operating income Difference Difference 645.0 +27.2 +10.2 617.8 604.8 615.0 598.6 3.0 (2.0) 3.0 (2.3) 5.0 39.0 562.4 5.3 4.0 (3.0) 39.0 30.3 42.0 4.2 34.0 +5.0 29.9 Difference 83.5 82.6 85.0 +2.4 6.2
Slide 15: FY26 Forecast for Control Orders and Sales by Region (unchanged)
FY26 Forecast for Control Orders and Sales by Region (unchanged) （Billion ¥） FY25 FY26 Difference FY25 FY26 Difference Orders Sales (A) (B) （B-A） (A) (B) （B-A） Japan 154.0 151.0 (3.0) Japan 151.5 145.5 (6.0) Asia 166.1 182.0 +15.9 Asia 164.2 172.5 +8.3 （Southeast Asia, （Southeast Asia, Far East) 81.
Slide 16: FY26 Forecast for Orders and Sales by Control Subsegment (unchanged)
FY26 Forecast for Orders and Sales by Control Subsegment (unchanged) （Billion ¥） Orders Sales Difference Growth rate Difference Growth rate 603.0 +32.1 +5.6% 573.0 +7.5 +1.3% 564.3 570.9 565.5 52.5 +2.5 +5.0% 528.3 +0.1 Life 46.2 49.9 48.9 49.0 +0.2% Life 47.2 202.0 +6.9 +3.5% 195.2 201.8 202.5 +0.6
Slide 17: Financial Appendix
Financial Appendix: ・Quarterly Financial Results ・Non-operating / Extraordinary Income and Expenses ・Order Backlog Trend by Segment ・Order Backlog Trend by Control Subsegment ・Trend of R&D Expenses, Depreciation, and CAPEX ・Trend of Balance Sheet ・Trend of Stock Price | August 4, 2026 | © Yokogawa E
Slide 18: Quarterly Financial Results
Appendix: Quarterly Financial Results （Billion ¥） Orders Sales Operating income 183.4 170.5 167.6 157.0 157.4 153.5 151.8 152.3 150.3 149.1 151.4 149.8 137.7 142.3 141.3 128.9 134.0 22.1 25.1 130.2 21.5 16.2 22.8 21.4 22.1 14.8 16.5 Quarterly average rate 158.15 146.66 154.19 151.21 144.11 148.40 15
Slide 19: Non-operating / Extraordinary Income and Expenses
Appendix: Non-operating / Extraordinary Income and Expenses FY25 1Q FY26 1Q （Billion ¥） Operating income 16.2 16.5 Non-operating income 1.9 2.1 Non-operating expenses 2.4 1.7 Ordinary income 15.6 16.9 Extraordinary income 0.3 0.0 Extraordinary expenses 0.1 0.1 【Income taxes - deferred】 Income before
Slide 20: Order Backlog Trend by Segment
Appendix: Order Backlog Trend by Segment （Billion ¥） Control (Japan) Control (Outside of Japan) Measuring Instruments New Businesses and Others 512.5 +46.3 0.0 +0.0 466.2 443.3 0.0 32.2 +19.5 428.2 0.6 0.2 12.8 4.4 5.5 357.4 +16.9 327.6 340.5 315.7 107.8 109.5 112.9 122.8 +9.9 Exchange rate FY24 4Q
Slide 21: Order Backlog Trend by Segment (using exchange rate at end of FY26 1Q)
Appendix: Order Backlog Trend by Segment (using exchange rate at end of FY26 1Q) （Billion ¥） Control (Japan) Control (Outside of Japan) Measuring Instruments New Businesses and Others 512.5 +40.5 479.0 472.0 0.0 +0.0 458.8 0.7 0.2 0.0 32.2 +19.2 6.0 13.1 4.8 362.7 346.0 357.4 +11.4 345.9 +21.3 107.9
Slide 22: Order Backlog Trend by Control Subsegment
Appendix: Order Backlog Trend by Control Subsegment （Billion ¥） @ exchange rate at end of each period @ exchange rate at end of FY26 1Q 480.2 +26.8 480.2 +21.3 472.3 453.4 453.8 458.9 437.2 27.2 +2.5 24.0 27.2 +2.3 423.6 24.7 Life 23.5 24.9 23.2 Life 22.5 113.1 +10.2 114.9 113.1 +9.1 102.9 Materials
Slide 23: Trend of R&D Expenses, Depreciation, and CAPEX
Appendix: Trend of R&D Expenses, Depreciation, and CAPEX R&D Depreciation CAPEX （Billion ¥） 40.0 30.0 20.0 10.0 0.0 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1Q FY25 FY26 1Q FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1Q FY25 FY26 1Q R&D expenses 26.2 27.6 27.5 28.5 30.5 32.4 32.1 7.9 33.0 8.3 (% of sales
Slide 24: Trend of Balance Sheet
Appendix: Trend of Balance Sheet Assets Liabilities and equity （Billion ¥） 795.6 795.6 773.4 773.4 718.3 24.3 701.7 718.3 24.2 701.7 217.5 195.8 Interest-bearing dept 24.4 24.1 Cash & time deposits 188.8 241.4 232.5 176.1 Other liabilities 218.2 205.3 43.4 43.4 260.3 242.9 Paid in capital 43.4 43.4
Slide 25: Trend of Stock Price
Appendix: Trend of Stock Price YOKOGAWA TOPIX 6,800 5,800 4,800 3,800 2,800 1,800 800 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 （￥） 19/3 20/3 21/3 22/3 23/3 24/3 25/3 25/6 25/9 25/12 26/3 26/6 26/7/31 YOKOGAWA 2,291 1,303 2,038 2,099 2,150 3,494 2,893 3,855 4,255 5,016 4,744 5,635 5,782 TOPIX 1,592 1,
Slide 26: Disclaimer
Disclaimer The information pertaining to our business plans and forecasts that has been provided in this presentation and at analyst meetings contains forward-looking statements that are based on our management’s current knowledge and require the making of assumptions about future events. As such, i
Slide 27: Trademark notice
The names of corporations, organizations, products and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation and their respective holders. 27