Financial Results for 3rd Quarter of Fiscal Year 2025

February 3, 2026

Name of Listed Company: Yokogawa Electric Corporation (the “Company” herein) Stock Exchanges Where the Company’s Shares Are Listed: Tokyo Stock Exchange

Securities Code: 6841 URL https://www.yokogawa.com/

Name and Position of the Representative: Kunimasa Shigeno, President & CEO, Representative Executive Officer Name and Position of Person in Charge: Hirohiko Nakatani, Department Manager of IR Department

Telephone Number: +81-422-52-6845 Planned Dividend Payment Starting Date: -

Financial Results Supplemental Materials: Yes

Financial Results Presentation Meeting: Yes (for institutional investors)

(Any amount less than one million yen is disregarded.)

1. Consolidated Business Results for the Nine Months Ended December 31, 2025 (April 1-December 31, 2025)

   1. Results of Operations on a Consolidated Basis (accumulated)

      (Percentages show the change from the same period of the previous year.)

      	Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent
      For nine months ended December 31, 2025 For nine months ended December 31, 2024	Millions of yen % 434,315 6.2 408,887 4.0	Millions of yen % 60,423 3.5 58,398 0.0	Millions of yen % 61,992 2.0 60,803 (0.3)	Millions of yen % 44,838 15.9 38,700 (25.7)

      (Note) Comprehensive income For nine months ended December 31, 2025 68,806 million yen [41.8%] For nine months ended December 31, 2024 48,510 million yen [(26.1)%]

      	Basic earnings per share	Diluted earnings per share
      	Yen	Yen
      For nine months ended December 31, 2025	175.58	-
      For nine months ended December 31, 2024	148.74	-

   2. Financial Conditions on a Consolidated Basis

   	Total assets	Net assets	Shareholders’ equity ratio
   	Millions of yen	Millions of yen	%
   As of December 31, 2025	760,058	515,414	66.5
   As of March 31, 2025	718,285	475,721	65.1

   (Reference) Shareholders’ equity: As of December 31, 2025: 505,302 million yen As of March 31, 2025: 467,855 million yen

   (Note) In the fiscal year ended March 31, 2025, the Company finalized the provisional accounting treatment for the business combination.

   Amounts as of December 31, 2025 therefore reflect a revision to the initial allocation of the acquisition cost that was performed due to the finalization of the provisional accounting treatment.

2. Dividend Status

   	Dividends per share
   	June 30	September 30	December 31	End of period	Total
   For year ended March 31, 2025 For year ending March 31, 2026	Yen - -	Yen 29.00 32.00	Yen - -	Yen 29.00	Yen 58.00
   For year ending March 31, 2026 (forecast)				46.00	78.00

   (Note) Revisions to dividend forecast in this quarter: Yes

   For information regarding the revisions to dividend forecast, please refer to the press release, “Notice Regarding the Revision of Consolidated Business Forecast and Dividend Increase Forecast for the Year Ending March 31, 2026” announced today (February 3, 2026).

3. Consolidated Business Forecast for the Year Ending March 31, 2026 (April 1, 2025-March 31, 2026)

(Percentages show the change from the previous year.)

(Note) Revisions to consolidated business forecast in this quarter: Yes

For information regarding the revisions to consolidated business forecast, please refer to the press release, “Notice Regarding the Revision of Consolidated Business Forecast and Dividend Increase Forecast for the Year Ending March 31, 2026” announced today (February 3, 2026).

1. Significant changes in range of consolidation during the period: Yes

   Newly included: 2 companies (Company name) Web Synergies (S) Pte. Ltd., Intellisync S.r.l.

   (Note) On October 30, 2025, the Group acquired the entire equity interest in Intellisync S.r.l., making it a consolidated subsidiary. Subsequently, on January 1, 2026, an absorption-type merger was effected with the Company’s consolidated subsidiary BaxEnergy Italia S.r.l. as the surviving company and Intellisync S.r.l. as the absorbed company.

2. Application of special methods for consolidated quarterly financial statements: No

3. Changes in accounting policies, changes in accounting estimates, and restatements

   1. Changes in accounting policies accompanying revision of accounting standards: No

   2. Changes in accounting policies other than (a) above: No

   3. Changes in accounting estimates: No

   4. Restatements: No

4. Number of shares issued (common stock)

   1. Number of shares outstanding at the end of the period (including treasury shares)

      As of December 31, 2025 268,624,510 shares

      As of March 31, 2025 268,624,510 shares

   2. Number of treasury shares at the end of the period

      As of December 31, 2025 13,995,442 shares

      As of March 31, 2025 9,765,129 shares

   3. Average number of shares in the period (accumulated quarterly period)

For the nine months ended December 31, 2025 255,368,804 shares

For the nine months ended December 31, 2024 260,183,500 shares

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit corporation: Yes (voluntary)

Note concerning appropriate use of business forecasts, etc.

The above forecasts are based on the information that was available at the time this document was released and involve assumptions regarding uncertain factors that may have an effect on future performance. Actual performance may vary greatly due to a variety of factors. For premises underlying the assumptions for business forecasts and cautions concerning the use of business forecasts, please refer to “1. Overview of Business Results and Others (3) Explanation of Consolidated Business Forecast and Other Expectations” on page 5.

The Company plans to hold a quarterly financial results presentation meeting for institutional investors via web conference on February 3, 2026. The Company also plans to promptly post to its website the materials that are used at the meeting.

Attachment Contents

1. Overview of Business Results and Others

   1. Overview of Business Results for the Period Under Review . - 4 -

   2. Overview of Financial Conditions for the Period Under Review.................................................................. - 4 -

   3. Explanation of Consolidated Business Forecast and Other Expectations ..................................................... - 5 -

2. Consolidated Quarterly Financial Statements

   1. Consolidated Quarterly Balance Sheets................................................................................................ - 7 -

   2. Consolidated Quarterly Statements of Income and Statements of Comprehensive Income

      Consolidated Quarterly Statements of Income ..................................................................................... - 9 -

      Consolidated Quarterly Statements of Comprehensive Income ......................................................... - 10 -

   3. Notes on Consolidated Quarterly Financial Statements

Notes on Segment Information ........................................................................................................... - 11 -

Notes If There Is a Remarkable Change in the Amount of Shareholders’ Equity............................... - 11 -Notes for Going Concern .................................................................................................................... - 11 -

Notes on Consolidated Quarterly Statements of Cash Flows ............................................................. - 11 -[Reference]

Consolidated Financial Statements for the Nine Months Ended December 31, 2025 ................................... - 12 -

1. Overview of Business Results and Others

   1. Overview of Business Results for the Period Under Review

      For the nine months ended December 31, 2025 (April 1, 2025 to December 31, 2025), in accordance with the medium-term business plan, “Growth for Sustainability 2028 (GS2028),” the Group is working to realize Creating Shared Value (CSV) management, which aims to sustainably enhance corporate value while benefitting both society and the environment through our business.

      In terms of the Group’s business performance during the nine months ended December 31, 2025, net sales and operating profit increased by 25.4 billion yen and 2.0 billion yen year on year, respectively, despite the impact of the foreign exchange rate in which the yen appreciated compared to the previous year. Ordinary profit increased by 1.1 billion yen year on year, and profit attributable to owners of parent increased by 6.1 billion yen year on year.

      Business results are as follows.

      Unit: billions of yen

      	Nine months ended December 31, 2024	Nine months ended December 31, 2025	Difference	Change
      Net sales	408.887	434.315	25.428	6.2%
      Operating profit	58.398	60.423	2.025	3.5%
      Ordinary profit	60.803	61.992	1.189	2.0%
      Profit attributable to owners of parent	38.700	44.838	6.138	15.9%
      (Reference) Average rate to 1 U.S. dollar (Yen)	153.00	149.41	(3.59)	-

      Results by individual segment are outlined below.

      Unit: billions of yen

      	Nine months ended December 31, 2024	Nine months ended December 31, 2025	Difference	Change
      Net sales	383.607	406.997	23.390	6.1%
      Operating profit	53.568	55.571	2.002	3.7%

      Unit: billions of yen

      	Nine months ended December 31, 2024	Nine months ended December 31, 2025	Difference	Change
      Net sales	22.393	23.732	1.338	6.0%
      Operating profit	4.860	5.137	0.276	5.7%

      Unit: billions of yen

      	Nine months ended December 31, 2024	Nine months ended December 31, 2025	Difference	Change
      Net sales	2.885	3.585	0.700	24.3%
      Operating profit	(0.030)	(0.284)	(0.254)	-

   2. Overview of Financial Conditions for the Period Under Review

      In comparison to March 31, 2025, total assets as of December 31, 2025 were up 41.7 billion yen to 760.0 billion yen, mainly due to increases in notes and accounts receivable - trade, and contract assets and goodwill.

      In addition, total liabilities were 244.6 billion yen, up 2.0 billion yen compared to March 31, 2025.

      As of December 31, 2025, net assets were 515.4 billion yen, up 39.6 billion yen compared to March 31, 2025, mainly due to the recognition of profit attributable to owners of parent and an increase in foreign currency translation adjustment, despite a decrease mainly due to purchase of treasury shares.

      As a result, the shareholders’ equity ratio was 66.5%, up 1.4 percentage points from the end of the previous fiscal year.

   3. Explanation of Consolidated Business Forecast and Other Expectations

   With regard to the consolidated business forecast for the fiscal year ending March 31, 2026, we have revised the consolidated business forecast announced on November 4, 2025, as follows, taking into account the results for the nine months ended December 31, 2025, and the future prospects. The assumed foreign exchange rate has been revised from 1 USD = 145 yen to 1 USD = 150 yen.

   The following compares the full-year consolidated business forecast announced on November 4, 2025, with the revised forecast announced on February 3, 2026.

   	Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent	Basic earnings per share
   Previously announced forecast (A)	Billions of yen 577.0	Billions of yen 83.0	Billions of yen 83.0	Billions of yen 54.5	Yen 213.56
   Revised forecast (B)	595.0	87.0	87.0	59.5	233.15
   Difference (B) - (A)	18.0	4.0	4.0	5.0	-
   Change	3.1%	4.8%	4.8%	9.2%	-
   (Reference) Results for fiscal year ended March 31, 2025	562.4	83.5	85.3	52.1	200.41

   (Reference) Full-Year Consolidated Business Forecast by Segment

   Unit: billions of yen

   	Previously announced forecast (November 4, 2025)	Revised forecast (February 3, 2026)	Difference
   Industrial automation and control business	561.5	573.5	up 12.0
   Measuring instruments business	31.5	37.5	up 6.0
   New businesses and others	4.0	4.0	-
   Total	597.0	615.0	up 18.0

   Unit: billions of yen

   	Previously announced forecast (November 4, 2025)	Revised forecast (February 3, 2026)	Difference
   Industrial automation and control business	542.0	558.0	up 16.0
   Measuring instruments business	31.0	33.0	up 2.0
   New businesses and others	4.0	4.0	-
   Total	577.0	595.0	up 18.0

   Unit: billions of yen

   	Previously announced forecast (November 4, 2025)	Revised forecast (February 3, 2026)	Difference
   Industrial automation and control business	77.0	80.0	up 3.0
   Measuring instruments business	6.5	7.5	up 1.0
   New businesses and others	(0.5)	(0.5)	-
   Total	83.0	87.0	up 4.0

   As the above business forecast is based on certain assumptions judged by the Company to be reasonable at present, actual business results may differ.

   The main factors that may cause changes in the results are as follows.

   • Changes in foreign exchange rates, particularly the U.S. dollar, the euro, Asian currencies, and the currencies of the Middle East

   • Sudden changes in the price of crude oil

   • Sudden changes in the political and economic situation in major markets

   • Geopolitical risks in the Middle East and East Asia, etc.

   • Changes in the business environment such as revisions to trade regulations

   • Dramatic shifts in product supply and demand in the market

   • Changes in Japanese share prices

   • Protection of the Company’s patents and securement of the licensing of patents held by other companies

   • M&A and business alliances with other companies for purposes such as product development

   • Occurrences of natural disasters such as earthquakes, floods, and tsunamis

2. Consolidated Quarterly Financial Statements

1. Consolidated Quarterly Balance Sheets

   Assets

   (Millions of yen) As of March 31, 2025 As of December 31, 2025

   Current assets

   Cash and deposits 188,754 192,981

Liabilities

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Current liabilities

1. Consolidated Quarterly Statements of Income and Statements of Comprehensive Income

   Consolidated Quarterly Statements of Income		(Millions of yen)
   	Nine months ended December 31, 2024	Nine months ended December 31, 2025
   Net sales	408,887	434,315
   Cost of sales	213,877	232,276
   Gross profit	195,009	202,039
   Selling, general and administrative expenses	136,611	141,615
   Operating profit	58,398	60,423
   Non-operating income
   Interest income	1,902	2,211
   Dividend income	763	1,263
   Share of profit of entities accounted for using equity method	1,585	110
   Other	802	707
   Total non-operating income	5,055	4,293
   Non-operating expenses
   Interest expenses	907	772
   Foreign exchange losses	284	773
   Donations	199	276
   Other	1,258	902
   Total non-operating expenses	2,650	2,724
   Ordinary profit	60,803	61,992
   Extraordinary income
   Gain on sale of non-current assets	2,909	203
   Gain on sale of investment securities	417	451
   Gain on step acquisitions	-	176
   Total extraordinary income	3,327	831
   Extraordinary losses
   Loss on sale of non-current assets	1,234	222
   Loss on retirement of non-current assets	233	1,985
   Impairment losses	-	33
   Loss on valuation of investment securities	2,447	22
   Loss on termination of retirement benefit plan	1,342	-
   Business restructuring expenses	-	196
   Total extraordinary losses	5,257	2,460
   Profit before income taxes	58,873	60,363
   Income taxes - current	14,002	13,375
   Income taxes - deferred	3,445	(48)
   Total income taxes	17,448	13,326
   Profit	41,425	47,036
   Profit attributable to non-controlling interests	2,724	2,197
   Profit attributable to owners of parent	38,700	44,838

   Consolidated Quarterly Statements of Comprehensive Income		(Millions of yen)
   	Nine months ended December 31, 2024	Nine months ended December 31, 2025
   Profit	41,425	47,036
   Other comprehensive income
   Valuation difference on available-for-sale securities	602	5,523
   Deferred gains or losses on hedges	17	(7)
   Foreign currency translation adjustment	5,111	16,075
   Remeasurements of defined benefit plans, net of tax	1,027	(23)
   Share of other comprehensive income of entities accounted for using equity method	327	201
   Total other comprehensive income	7,085	21,769
   Comprehensive income	48,510	68,806
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	45,516	66,120

   Comprehensive income attributable to non-controlling interests

   2,994 2,685

2. Notes on Consolidated Quarterly Financial Statements Notes on Segment Information

   Segment Information

   1. Nine Months Ended December 31, 2024 (April 1-December 31, 2024)

      1. Sales and Profits (Losses) by Reporting Segment

         (Millions of yen)

         	Reporting segments				Adjustment	Amount on consolidated quarterly statements of income
         	Industrial automation and control	Measuring instruments	New businesses and others	Total
         Net sales Net sales to unaffiliated customers Intersegment net sales or transfers	383,607 -	22,393 -	2,885 -	408,887 -	- -	408,887 -
         Total	383,607	22,393	2,885	408,887	-	408,887
         Segment profit (loss)	53,568	4,860	(30)	58,398	-	58,398

         (Note) The profit or loss of each reporting segment is its operating profit or loss.

   2. Nine Months Ended December 31, 2025 (April 1-December 31, 2025)

      1. Sales and Profits (Losses) by Reporting Segment

(Millions of yen)

(Note) The profit or loss of each reporting segment is its operating profit or loss. Notes If There Is a Remarkable Change in the Amount of Shareholders’ Equity

The Company acquired 4,229,400 shares of its own shares during the nine months ended December 31, 2025 in accordance with a resolution of the Board of Directors meeting held on March 4, 2025. As a result, treasury shares increased by 13,015 million yen, and the amount and number of treasury shares as of December 31, 2025 were 36,270 million yen and 13,995,442 shares, including shares less than one unit acquired through purchase requests.

Notes for Going Concern Not applicable

Notes on Consolidated Quarterly Statements of Cash Flows

Consolidated quarterly statements of cash flows have not been prepared for the nine months ended December 31, 2025. Depreciation (including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the nine months ended December 31, 2024 and 2025 are as follows.

Nine months ended December 31, 2024

(April 1-December 31, 2024)

(Millions of yen) Nine months ended December 31, 2025

(April 1-December 31, 2025)

Depreciation 15,563 17,287

Amortization of goodwill 1,306 1,300

[Reference]

February 3, 2026 Yokogawa Electric Corporation

(Millions of yen)

Orders received (Millions of yen)

Net sales (Millions of yen)

Operating profit (Millions of yen)

-