YASKAWA Electric : Consolidated Results for the First Three Quarters of Fiscal Year Ending February 28, 2026

Consolidated Results for the First Three Quarters of Fiscal Year Ending February 28, 2026[IFRS]

January 9, 2026

Listed company name: YASKAWA Electric Corporation https://www.yaskawa.co.jp/en/

Representative: Masahiro Ogawa, Representative Director, President Stock exchange listings: Tokyo and Fukuoka

Stock ticker number: 6506

(Note: This document is a summarized translation of the financial statements submitted to the Tokyo Stock Exchange and Fukuoka Stock Exchange for the period stated above. Figures under ¥1 million are rounded down.)

1. Summary of Consolidated Results for the First Three Quarters of the Fiscal Year Ending February 28, 2026 (From March 1, 2025 to November 30, 2025)

   1. Consolidated Statements of Income

      (Millions of yen, percentage change from the previous year)

      	Revenue		Operating profit		Profit before tax		Profit
      Nine months ended November 30, 2025	395,227	0.4%	33,195	-3.3%	35,058	-44.3%	26,489	-42.4%
      Nine months ended November 30, 2024	393,689	-7.2%	34,313	-26.3%	62,990	30.1%	46,004	30.2%

      	Profit attributable to owners of parent		Comprehensive income		Earnings per share (basic, Yen)	Earnings per share (diluted, Yen)
      Nine months ended November 30, 2025	25,544	-43.8%	50,861	19.7%	98.49	98.38
      Nine months ended November 30, 2024	45,484	30.7%	42,501	-15.1%	174.22	174.03

   2. Consolidated Financial Position

      (Millions of yen, except ratio)

      	Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets
      As of November 30, 2025	796,567	472,696	463,224	58.2%
      As of February 28, 2025	743,774	439,610	431,188	58.0%

2. Dividends

   	Dividends per share (yen)
   	End of 1Q	End of 2Q	End of 3Q	Year-end	Annual total
   Year ended February 28, 2025	-	34.00	-	34.00	68.00
   Year ending February 28, 2026	-	34.00	-
   Year ending February 28, 2026 (Forecasts)				34.00	68.00

   Note: Revisions to the most recently announced dividend forecast: No

3. Consolidated Financial Forecasts for the Fiscal Year Ending February 28, 2026 (From March 1, 2025 to February 28, 2026)

   (Millions of yen, percentage change from the corresponding period of the previous year)

   	Revenue		Operating profit		Profit before tax		Profit attributable to owners of parent		Earnings per share (diluted, Yen)
   Year ending February 28, 2026	525,000	-2.4%	48,000	-4.3%	50,500	-35.6%	37,000	-35.1%	142.66

   Note: Revisions to the most recently announced financial forecasts: No

   The forecast for the fiscal year ending February 2026 (March 1, 2025 - February 28, 2026) is shown above. Amid uncertainty due to geopolitical risks and U.S. tariff policies, we have recently observed a recovery trend in demand. However, as progress through the first three quarters of fiscal 2025 remains in line with our expectations, the full-year financial forecast for the fiscal year ending February 2026 is unchanged from that announced on October 3, 2025.

   The average exchange rates for the period from December 1, 2025 to February 28, 2026 are unchanged from 1USD = 145.0 JPY, 1EUR = 160.0 JPY, 1CNY = 20.00 JPY, 1KRW = 0.110 JPY, announced on April 4, 2025.

   There is no change in the annual dividend forecast.

   *Please see supplements to financial results on our website for detailed information. (https://www.yaskawa-global.com)

   *Notes:

   1. Major Change in Scope of Consolidation: No

   2. Changes in Accounting Policies, Changes in Accounting Estimates:

      1. Changes in accounting policies required by IFRS: No

      2. Changes in accounting policies other than the above: No

      3. Changes in accounting estimates: No

   3. Number of Common Shares Outstanding

      The number of shares outstanding including treasury shares	As of November 30, 2025	266,690,497	As of February 28, 2025	266,690,497
      The number of treasury shares	As of November 30, 2025	7,322,751	As of February 28, 2025	7,344,219
      Average during the period	Nine months ended November 30, 2025	259,358,014	Nine months ended November 30, 2024	261,077,534

      • This financial report is not subject to the audit procedure.

        *About the appropriate use of business forecasts and other matters

        • Forward-looking statements in these materials are based on information available to management at the time this report was prepared and assumptions that management believes are reasonable and are not disclosed for the purpose of making a commitment to their achievement. Actual results may differ from these statements for a number of reasons. Please refer to "3. Consolidated Financial Forecasts for the Fiscal Year Ending February 28, 2026 (From March 1, 2025 to February 28, 2026)" on page 2 for the assumptions for the financial forecasts.

        • The Company will hold a results briefing in Japanese for securities analysts and institutional investors on January 9, 2026 (JST).

4. Qualitative Information on Quarterly Results

Business Performance

In the first three quarters of the fiscal year under review, the business environment remained uncertain overall due to geopolitical risks and U.S. tariff policy. In this situation, in addition to the firm demand in the domestic electronic components market during the first half, the global semiconductor market also began to recover gradually in the latter half of the period, driven by AI-related investments. Furthermore, demand for capital investment in the automotive markets of China and South Korea remained strong, and demand for automation in the general industry also remained steady globally. On the other hand, demand for capital investment in the automotive markets of Japan, the Americas, and Europe remained sluggish, affected by tariff-related factors.

In terms of our group's business performance in this environment, revenue exceeded the results of the corresponding period of the previous fiscal year, when order backlogs were normalized, as a result of steadily translating new orders into revenue. Operating profit decreased year on year due to the impact of a mix of sales projects in the Robotics segment, while benefiting from the improvement of added value in the Motion Control segment. Both revenue and operating profit were generally in line with the Company’s expectation. Profit attributable to owners of parent decreased compared to the corresponding period of previous fiscal year when gain on transfer of shares and gain on revaluation of remaining shares following the transfer of a portion of shares of Yantai Dongxing Magnetic Materials Inc. were recorded.

The business performance of the first three quarters of fiscal 2025 is as follows.

Japan:

In addition to the electronic components market, where demand materialized in the first half, there is a recovery trend in the semiconductor market. On the other hand, demand for capital investment in the automotive market remained sluggish.

The Americas:

Demand related to semiconductors recovered gradually, and demand for air-conditioning applications, including those for data centers, remained firm. In contrast, demand for capital investment in the oil and gas related market was sluggish due to the decline in crude oil prices. However, we have secured large-scale

orders that are expected to contribute to performance in the next fiscal year and beyond. Europe:

A recovery trend was observed in the general industry, and demand for automation remained firm. On the other hand, capital investment remained sluggish in the automotive market although potential demand exists.

China:

In addition to an increase in semiconductor-related demand, demand for automation in both the automotive market and general industry remained steady.

Other Asian Countries:

Semiconductor-related demand in South Korea and Taiwan has shown a recovery trend, and demand for automation in South Korea’s automotive market and in general industry across ASEAN has remained steady.

Performance by Business Segment

The business of the Yaskawa Group is divided into four segments.

The performance of each business segment for the first three quarters of fiscal 2025 is as follows.