Yokogawa ElectricYOKOGAWA ELECTRIC CORPORATION6841東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Yokogawa Electric revenue and profit

Out of every ¥100 of sales, about ¥14 is left as operating profit. Revenue changed +7.5% from the prior year, operating profit -1.2%.

Five-year trend

Revenue¥604.8B
FY ending Mar 2022: ¥389.9B¥389.9BFY ending Mar 2023: ¥456.5B¥456.5BFY ending Mar 2024: ¥540.2B¥540.2BFY ending Mar 2025: ¥562.4B¥562.4BFY ending Mar 2026: ¥604.8B¥604.8BFY22FY23FY24FY25FY26
Operating income¥82.6B
FY ending Mar 2022: ¥30.7B¥30.7BFY ending Mar 2023: ¥44.4B¥44.4BFY ending Mar 2024: ¥78.8B¥78.8BFY ending Mar 2025: ¥83.5B¥83.5BFY ending Mar 2026: ¥82.6B¥82.6BFY22FY23FY24FY25FY26
Operating margin13.6%
FY ending Mar 2022: 7.9%7.9%FY ending Mar 2023: 9.7%9.7%FY ending Mar 2024: 14.6%14.6%FY ending Mar 2025: 14.9%14.9%FY ending Mar 2026: 13.6%13.6%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin9.6%
Asset turnover0.80×
ROA7.7%
ROA7.7%
Financial leverage1.75×
ROE13.5%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin9.6%
2022: 5.5%5.5%2023: 8.5%8.5%2024: 11.4%11.4%2025: 9.3%9.3%2026: 9.6%9.6%2223242526
Asset turnover0.80×
2022: 0.70×0.70×2023: 0.78×0.78×2024: 0.84×0.84×2025: 0.81×0.81×2026: 0.80×0.80×2223242526
ROA7.7%
2022: 3.8%3.8%2023: 6.6%6.6%2024: 9.6%9.6%2025: 7.5%7.5%2026: 7.7%7.7%2223242526
Financial leverage1.75×
2022: 1.75×1.75×2023: 1.77×1.77×2024: 1.77×1.77×2025: 1.74×1.74×2026: 1.75×1.75×2223242526
ROE13.5%
2022: 6.7%6.7%2023: 11.7%11.7%2024: 16.9%16.9%2025: 13.0%13.0%2026: 13.5%13.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.5%0.70×3.8%1.75×6.7%
20238.5%0.78×6.6%1.77×11.7%
202411.4%0.84×9.6%1.77×16.9%
20259.3%0.81×7.5%1.74×13.0%
20269.6%0.80×7.7%1.75×13.5%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue15.2%
2021: 22.6%22.6%2022: 22.3%22.3%2023: 19.2%19.2%2024: 16.9%16.9%2025: 15.6%15.6%2026: 15.2%15.2%212223242526
PPE ÷ total assets11.6%
2021: 16.3%16.3%2022: 15.6%15.6%2023: 14.2%14.2%2024: 13.5%13.5%2025: 12.2%12.2%2026: 11.6%11.6%212223242526
Goodwill ÷ parent equity2.9%
2021: 1.4%1.4%2022: 3.8%3.8%2023: 4.2%4.2%2024: 1.6%1.6%2025: 1.6%1.6%2026: 2.9%2.9%212223242526
Goodwill balance¥13B
2021: ¥4.25B¥4.25B2022: ¥12B¥12B2023: ¥14.6B¥14.6B2024: ¥5.97B¥5.97B2025: ¥6.56B¥6.56B2026: ¥13B¥13B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥33B
2021: ¥27.5B¥27.5B2022: ¥28.5B¥28.5B2023: ¥30.5B¥30.5B2024: ¥32.4B¥32.4B2025: ¥32.1B¥32.1B2026: ¥33B¥33B212223242526
R&D / revenue5.5%
2021: 7.3%7.3%2022: 7.3%7.3%2023: 6.7%6.7%2024: 6.0%6.0%2025: 5.7%5.7%2026: 5.5%5.5%212223242526
Receivable days—
2021: 183d183d212223242526
Payable days46d
2021: 44d44d2022: 45d45d2023: 45d45d2024: 41d41d2025: 43d43d2026: 46d46d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue389,901456,479540,152562,404604,829
Cost of revenue217,091252,019285,260294,959328,436
Gross profit172,810204,459254,891267,444276,392
SG&A142,142160,050176,091183,921193,836
Operating income30,66844,40978,80083,52382,555
Pretax income30,09249,79987,76078,52778,929
Income tax6,4327,86321,76823,32117,961
Net income attributable to owners21,26738,92061,68552,12358,113
Operating margin7.9%9.7%14.6%14.9%13.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 26%
Property, plant and equipment 11%
Intangibles and goodwill 10%
Investment securities 9%
Other assets 44%

Funding

5%
Other liabilities 28%
Equity 67%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥115.5B¥116.4B¥134.4B¥179.3B¥208.5B
Total assets¥556B¥618.6B¥672.9B¥718.3B¥795.6B
Net assets¥340.3B¥386.8B¥444.8B¥475.7B¥529.9B
Share capital¥43.4B¥43.4B¥43.4B¥43.4B¥43.4B
Property, plant and equipment¥86.9B¥87.6B¥91B¥87.7B¥92B
Intangible assets excluding goodwill¥38.5B¥48.5B¥43.8B¥53.1B¥64B
Goodwill¥12B¥14.6B¥5.97B¥6.56B¥13B
Investment securities¥53.2B¥70.8B¥65.6B¥64.3B¥70.8B
Current assets¥364.2B¥397.3B¥455.2B¥496.3B¥551.6B
Current liabilities¥177.2B¥213.1B¥186.5B¥197.8B¥241.4B
Trade payables¥26.6B¥31.2B¥31.8B¥34.7B¥41.4B
Short-term borrowings¥1.58B¥20.5B¥295M¥327M¥24.3B
Long-term borrowings¥24.1B¥4.09B¥24B¥24B¥18M
Total liabilities¥215.6B¥231.8B¥228.1B¥242.6B¥265.7B
Non-controlling interests¥6.77B¥7.2B¥8.12B¥7.87B¥9.88B
Equity attributable to owners of parent¥317.8B¥347.7B¥382.5B¥417.3B¥446.7B
Retained earnings¥221.4B¥251.3B¥304B¥342.6B¥373.7B
Treasury stock-¥1.41B-¥1.41B-¥19.4B-¥23.3B-¥6.67B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第150期(2025/04/01-2026/03/31)

    ID S100YE3H2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第149期(2024/04/01-2025/03/31)

    ID S100VY8X2025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第148期(2023/04/01-2024/03/31)

    ID S100TN0N2024-06-18Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第147期(2022/04/01-2023/03/31)

    ID S100RV582023-09-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第146期(令和3年4月1日-令和4年3月31日)

    ID S100O7MY2022-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第145期(令和2年4月1日-令和3年3月31日)

    ID S100LIZL2021-06-23Open

Extracted from XBRL: 54 / Derived from other figures: 1

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