Yokogawa Electric : Financial Results for 3rd Quarter of Fiscal Year 2025

About this update from Yokogawa Electric Corp.

Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Japan GAAP) 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.) Consolidated Business Results for the Nine Months Ended December 31, 2025 (April 1-December 31, 2025) 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 - 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. 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). Consolidated Business Forecast for the Year Ending March 31, 2026 (April 1, 2025-March 31, 2026) (Percentages show the change from the previous year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Full year Millions of yen % 595,000 5.8 Millions of yen % 87,000 4.2 Millions of yen % 87,000 1.9 Millions of yen % 59,500 14.2 Yen 233.15 (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). 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. Application of special methods for consolidated quarterly financial statements: No Changes in accounting policies, changes in accounting estimates, and restatements Changes in accounting policies accompanying revision of accounting standards: No Changes in accounting policies other than (a) above: No Changes in accounting estimates: No Restatements: No Number of shares issued (common stock) 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 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 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 Overview of Business Results and Others Overview of Business Results for the Period Under Review . - 4 - Overview of Financial Conditions for the Period Under Review.................................................................. - 4 - Explanation of Consolidated Business Forecast and Other Expectations ..................................................... - 5 - Consolidated Quarterly Financial Statements Consolidated Quarterly Balance Sheets................................................................................................ - 7 - Consolidated Quarterly Statements of Income and Statements of Comprehensive Income Consolidated Quarterly Statements of Income ..................................................................................... - 9 - Consolidated Quarterly Statements of Comprehensive Income ......................................................... - 10 - 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 - Overview of Business Results and Others 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) - 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. 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 Consolidated Quarterly Financial Statements 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 Notes and accounts receivable - trade, and contract assets 238,491 247,506 Merchandise and finished goods 20,174 22,982 Work in process 5,791 8,475 Raw materials and supplies 24,962 25,227 Other 22,941 28,349 Allowance for doubtful accounts (4,801) (5,090) Total current assets 496,313 520,432 Non-current assets Property, plant and equipment Buildings and structures, net 43,161 43,090 Other 44,570 45,321 Total property, plant and equipment 87,732 88,412 Intangible assets Software 21,387 20,195 Goodwill 6,563 14,478 Other 25,117 28,408 Total intangible assets 53,068 63,082 Investments and other assets Investment securities 64,290 71,627 Other 18,075 17,818 Allowance for doubtful accounts (1,193) (1,314) Total investments and other assets 81,171 88,131 Total non-current assets 221,972 239,626 Total assets 718,285 760,058 Liabilities (Millions of yen) As of March 31, 2025 As of December 31, 2025 Current liabilities Notes and accounts payable - trade 34,730 35,182 Electronically recorded obligations - operating 7,509 8,862 Short-term borrowings 327 20,200 Accounts payable - other 21,444 14,207 Income taxes payable 12,730 9,244 Contract liabilities 59,524 65,345 Provision for bonuses 22,526 16,313 Provision for loss on construction contracts 8,847 9,671 Other 30,144 38,097 Total current liabilities 197,784 217,126 Non-current liabilities Long-term borrowings 24,025 4,041 Retirement benefit liability 6,726 7,411 Other 14,028 16,065 Total non-current liabilities 44,779 27,517 Total liabilities 242,564 244,644 Net assets Shareholders’ equity Share capital 43,401 43,401 Capital surplus 54,575 54,575 Retained earnings 342,573 371,756 Treasury shares (23,251) (36,270) Total shareholders’ equity 417,298 433,463 Accumulated other comprehensive income Valuation difference on available-for-sale securities 21,599 27,096 Deferred gains or losses on hedges (38) (46) Foreign currency translation adjustment 28,576 44,667 Remeasurements of defined benefit plans 419 121 Total accumulated other comprehensive income 50,557 71,839 Non-controlling interests 7,865 10,112 Total net assets 475,721 515,414 Total liabilities and net assets 718,285 760,058 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 Notes on Consolidated Quarterly Financial Statements Notes on Segment Information Segment Information Nine Months Ended December 31, 2024 (April 1-December 31, 2024) 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. Nine Months Ended December 31, 2025 (April 1-December 31, 2025) Sales and Profits (Losses) by Reporting Segment 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 406,997 - 23,732 - 3,585 - 434,315 - - - 434,315 - Total 406,997 23,732 3,585 434,315 - 434,315 Segment profit (loss) 55,571 5,137 (284) 60,423 - 60,423 (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 Consolidated Financial Statements for the Nine Months Ended December 31, 2025 (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 Change Amount Ratio to net sales Amount Ratio to net sales Amount Ratio to net sales Net sales 408,887 - 434,315 - 25,428 - Operating profit 58,398 14.3% 60,423 13.9% 2,025 (0.4)% Ordinary profit 60,803 14.9% 61,992 14.3% 1,189 (0.6)% Profit attributable to owners of parent 38,700 9.5% 44,838 10.3% 6,138 0.9% Total assets 708,927 760,058 51,131 Net assets 479,656 515,414 35,758 Return on equity 8.5% 9.2% 0.7% Basic earnings per share 148.74 yen 175.58 yen 26.84 yen Capital investment 20,080 19,489 (591) Depreciation 16,870 18,587 1,717 Research and development expenses 25,286 24,787 (499) Average exchange rate during the period (USD) 153.00 yen 149.41 yen (3.59) yen Orders received (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 FY2025 full year (forecast) Industrial automation and control business 414,858 417,199 573,500 Measuring instruments business 23,400 29,129 37,500 New businesses and others 2,978 3,912 4,000 Total 441,238 450,241 615,000 Net sales (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 FY2025 full year (forecast) Industrial automation and control business 383,607 406,997 558,000 Measuring instruments business 22,393 23,732 33,000 New businesses and others 2,885 3,585 4,000 Total 408,887 434,315 595,000 Operating profit (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 FY2025 full year (forecast) Industrial automation and control business 53,568 55,571 80,000 Measuring instruments business 4,860 5,137 7,500 New businesses and others (30) (284) (500) Total 58,398 60,423 87,000 -

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