Establishing a High-Profitability Business Structure
First written in FY2016. 13 of 38 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2027-H1.
YASKAWA Electric moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 15 of 100 companies on the "Worse" side.
18 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Meanwhile, operating profit declined year on year due to the impact of the core system migration on production and shipments, in addition to higher indirect costs and the temporary recognition of business restructuring expenses in Europe.」
Revenue increased 9.8%, while operating profit declined 5.5%, causing the operating margin to fall to approximately 7.7% from approximately 9.0% in the same period of the previous year. The core system migration, higher indirect costs and restructuring expenses in Europe were cited as factors weighing on profit. - FY2026RaisedAnnual report
「Specifically, the targets for FY2035 are an operating margin of at least 20.0% and a dividend payout ratio of at least 40.0%.」
The profitability target was raised to an operating margin of at least 20.0% for FY2035. Meanwhile, the operating margin in FY2025 was 8.7%, down from 9.3% in the previous fiscal year. - 2026-05-22RaisedManagement planning
「As targets for fiscal 2035, we have set an operating margin of at least 20.0% and a dividend payout ratio of at least 40.0%.」
The long-term target of an operating margin of at least 20.0% in fiscal 2035 was explicitly stated, following previous disclosures of profitability improvements. - FY2026-H1Slight improvement in the interim-period operating marginAnnual report
「On the profit side, operating profit increased from the same period of the previous year, driven by improvements in value added and controls on indirect costs in the motion control segment.」
Operating profit increased 1.8% year on year to ¥23,334 million, while the operating margin improved slightly from approximately 8.8% in the same period of the previous year to approximately 9.0%. Improvements in value added and controls on indirect costs were cited as factors behind the improvement in profit. - FY2025WorsenedAnnual report
「FY2024 results Revenue: ¥537,600 million Operating profit: ¥50,100 million Operating margin: 9.3%」
The operating margin declined from 11.5% in the previous fiscal year to 9.3%, indicating a deterioration in profitability associated with the high-profitability business structure. - FY2025-H1WorsenedAnnual report
「Revenue ¥288,978 million ¥261,573 million △9.5% Operating profit ¥33,062 million ¥22,926 million △30.7%」
Operating profit for the interim period declined 30.7% year on year, while the operating margin fell from approximately 11.4% in the same period of the previous year to approximately 8.8%. The deterioration in profitability associated with the high-profitability business structure is reflected in the first-half results. - FY2025-Q1WorsenedAnnual report
「Profit declined substantially due to the impact of lower profit accompanying the decrease in sales.」
First-quarter operating profit was ¥11,118 million, down 32.4% year on year, while the operating margin declined from approximately 11.5% to approximately 8.4%. - FY2024WorsenedAnnual report
「On the profit side, the pass-through of higher raw material costs and progress in business structure reform in system engineering contributed positively. However, profit declined due in part to the absence of other income that had arisen temporarily in the previous fiscal year from changes to the retirement pension system and the sale of idle real estate.」
Although price pass-through and business structure reform had a positive impact, operating profit declined 3.0% from the previous fiscal year and the operating margin fell from 12.3% to 11.5% due to the absence of temporary other income. - FY2024-Q3WorsenedAnnual report
「On the profit side, the major segments recorded higher profit due to measures such as passing higher raw material costs through to prices. However, the Company as a whole recorded lower profit because of the absence of other income that had arisen temporarily in the previous fiscal year from changes to the retirement pension system and the sale of idle real estate.」
Operating profit for the first 3 quarters declined 3.3% year on year to ¥46,547 million, while the operating margin fell from approximately 11.8% to approximately 11.0%. Although the major segments recorded higher profit due to price pass-through and other measures, company-wide profit declined because of the absence of temporary other income. - FY2024-Q2Profit increased, but the first-half operating margin declinedAnnual report
「On the profit side, although the Company was affected by the absence of other income arising temporarily in the previous fiscal year from changes to the retirement pension system and the sale of idle real estate, profit increased due to improved profitability from passing higher raw material costs through to prices, higher profit accompanying increased sales and the impact of a weaker yen.」
Operating profit increased 5.8% year on year due to price pass-through, higher sales and the impact of a weaker yen. However, the first-half operating margin was approximately 11.4%, down from approximately 11.9% in the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「On the profit side, although the Company was affected by the absence of other income from changes to the retirement pension system that had arisen temporarily in the previous fiscal year, operating profit increased year on year due to production efficiency improvements, improved operating efficiency and improved profitability from passing higher raw material costs through to prices.」
Despite the absence of temporary income arising from changes to the retirement pension system, operating profit increased 17.9% year on year to ¥16,449 million, supported by production efficiency improvements, improved operating efficiency and the pass-through of higher raw material costs. - FY2023AdvancedAnnual report
「As a result, revenue, operating profit and profit attributable to owners of the parent all reached record highs.」
Operating profit was ¥68,301 million and the operating margin was 12.3%, improving from approximately 11.0% in the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「On the profit side, although the Company was affected by higher raw material and logistics costs, operating profit increased year on year due to improved profitability accompanying higher sales, the impact of a weaker yen and other income arising from changes to the retirement pension system and other factors.」
Operating profit for the first 3 quarters was ¥48,132 million, up 20.5% year on year. Despite higher raw material and logistics costs, improved profitability accompanying higher sales, the weaker yen and other income arising from changes to the retirement pension system were cited as factors behind the increase in profit. - FY2023-Q2AdvancedAnnual report
「On the profit side, although the Company was affected by sharply higher raw material and logistics costs, profit increased due to progress in passing costs through to prices, the impact of a weaker yen and other income arising from changes to the retirement pension system.」
Operating profit for the first 2 quarters was ¥31,260 million, up 16.4% year on year. The operating margin rose from approximately 11.2% in the same period of the previous year to approximately 11.9%. Despite the impact of higher raw material and logistics costs, price pass-through, the weaker yen and other income arising from changes to the retirement pension system contributed to the increase in profit. - FY2023-Q1AdvancedAnnual report
「In this environment, the Group's results were affected by a temporary decline in sales in China and production constraints caused by shortages of components such as semiconductors, which persisted over an extended period. However, sales remained solid in regions outside China, resulting in a year-on-year increase in revenue. On the profit side, although the Company was affected by higher raw material costs, operating profit increased due in part to the impact of a weaker yen and the reversal of retirement benefit obligations following changes to the retirement pension system.」
Although sales declines in China, supply constraints and higher raw material costs had an impact, operating profit increased 7.8% year on year and the operating margin improved from approximately 10.9% to approximately 11.6%, partly due to the weaker yen and changes to the retirement pension system. - FY2022AdvancedAnnual report
「On the profit side, although the Company was affected by sharply higher raw material and logistics costs, operating profit increased significantly from the same period of the previous year due to improvements accompanying higher sales and thorough expense management.」
Operating profit was ¥52,860 million, up 94.5% year on year, and the operating margin was approximately 11.0%, representing a substantial improvement in profitability from the previous year. - FY2022-Q3AdvancedAnnual report
「On the profit side, although the Company was affected by higher logistics and raw material costs, operating profit increased significantly from the same period of the previous year due to improvements accompanying higher sales and thorough expense management.」
Operating profit for the first 3 quarters was ¥39,932 million, up 99.2% year on year, while the operating margin rose from approximately 7.2% in the same period of the previous year to approximately 11.2%. Despite the impact of higher logistics and raw material costs, profitability improved through higher sales and expense management. - FY2022-Q2AdvancedAnnual report
「On the profit side, although the Company was affected by higher logistics and raw material costs, operating profit increased significantly from the same period of the previous year due to improvements accompanying higher sales and thorough expense management.」
Operating profit for the first 2 quarters was ¥26,867 million, up 102.1% year on year. The operating margin also rose from approximately 7.1% in the same period of the previous year to approximately 11.2%, indicating progress in improving profitability toward a high-profitability business structure. - FY2022-Q1AdvancedAnnual report
「In this environment, the Group captured strong global demand, particularly in the AC servo motor and controller and robotics businesses, and revenue increased significantly from the same period of the previous year. On the profit side, in addition to improved operating efficiency accompanying higher sales, the Group continued to enforce expense controls, including through the use of YDX (YASKAWA Digital Transformation), resulting in a substantial year-on-year increase in operating profit.」
First-quarter operating profit increased 107.9% year on year, while the operating margin improved from approximately 6.9% to approximately 10.9%. Improved operating efficiency accompanying higher sales, the use of YDX and expense controls were cited as measures to improve profitability. - FY2021SoftenedAnnual report
「(c) Operating margin (fiscal year) 9.8% 13.0%」
Under Challenge 25 Plus, operating margin targets were set at 9.8% for FY2021 and 13.0% for FY2022, effectively extending the previous final-year target of 13.0% under Challenge 25 to FY2022. - FY2021-Q3AdvancedAnnual report
「However, although profit was affected by lower sales, thorough expense reductions throughout the period improved profitability, and operating profit increased year on year.」
For the first 3 quarters, revenue declined 9.6% year on year, while operating profit increased 4.8%; the operating margin also improved from approximately 6.2% to approximately 7.2% due to expense reductions. - FY2021-Q2Revenue and profit declined, but the operating margin improvedAnnual report
「Operating profit declined due to lower sales, but the operating margin improved from the same period of the previous year as a result of expense controls.」
For the first 2 quarters, revenue declined 11.8% year on year and operating profit declined 8.3%, while the operating margin improved from the same period of the previous year due to expense controls. - FY2021-Q1Revenue and profit declined, but profitability was unchangedAnnual report
「In this environment, the Group's results declined year on year, with revenue down mainly in the robotics business. Operating profit also declined, reflecting the impact of lower sales, but profitability remained unchanged from the same period of the previous year, supported by expense controls and other measures.」
FY2021-Q1 saw revenue decline 15.5% year on year and operating profit decline 21.6%, while profitability remained unchanged year on year due to expense controls. - FY2020WorsenedAnnual report
「The operating margin on revenue declined by 5.3 percentage points from 11.2% in the same period of the previous year to 5.9%, mainly due to the decrease in operating profit.」
The operating margin declined from 11.2% in the same period of the previous year to 5.9%, indicating a deterioration in the profitability of the high-profitability business structure in the full-year results. - FY2020-Q3WorsenedAnnual report
「In this environment, the Group's results declined year on year, with both revenue and operating profit down from the solid performance in the same period of the previous year, particularly in the China and Asia motion control business.」
Operating profit for the first 3 quarters fell 59.7% year on year, while the operating margin declined from approximately 11.5% to approximately 5.4%, indicating that profitability continued to deteriorate. - FY2020-Q2WorsenedAnnual report
「In this environment, the Group's results declined year on year, with both revenue and operating profit down from the strong performance in the same period of the previous year, particularly in the China and Asia motion control business.」
Regarding the high-profitability business structure, first-half operating profit fell 59.2% year on year, while the operating margin declined from approximately 12.3% to approximately 5.9%. - FY2019Cited as achievedAnnual report
「The operating margin fell 1.6 percentage points from 12.1% in the previous consolidated fiscal year to 10.5%, owing to lower operating profit.」
Although the operating margin declined from the previous fiscal year, it remained at 10.5%, demonstrating that it exceeded the 10% target set under Dash 25. - FY2018AchievedAnnual report
「The operating margin rose from 7.7% in the previous consolidated fiscal year to 12.1%.」
The operating margin reached 12.1% for the fiscal year, exceeding the 10% target set under Dash 25. - FY2018-Q4AdvancedAnnual report
「Strong growth in sales of the Motion Control segment led to substantial year-on-year increases in sales and profit, producing the highest results ever for a nine-month period.」
Operating profit for the first nine months was ¥41.577 billion, up 92.3% year on year, recording the highest results ever. This indicates measurable progress toward higher profitability. - FY2018-Q3AdvancedAnnual report
「In addition to strong performance in the AC servo motor and controller business, recovering demand in the inverter business led to substantial year-on-year sales growth and doubled operating profit.」
Operating profit in Motion Control for the first six months rose 101.6% year on year, demonstrating the improvement in profitability in concrete results. - FY2018-Q2AdvancedAnnual report
「Operating profit increased substantially year on year, owing to higher sales and other factors.」
First-quarter operating profit rose 141.9% year on year to ¥13.218 billion, indicating a substantial improvement in profitability this quarter after the overall margin had been trending downward through the previous fiscal year. - FY2017Improvement in some areas, but decline in overall marginAnnual report
「Profitability improved substantially year on year, owing to the accelerated transition to the core Σ-7 Series and the benefits of local production in China.」
While profitability in Motion Control improved substantially as a result of the Σ-7 Series and local production in China, the consolidated operating margin fell from 8.9% to 7.7%, resulting in lower sales and lower profit overall. - FY2017-Q4Improved profitability in some businessesAnnual report
「Profitability improved from the previous year, owing to the accelerated transition to the new Σ-7 Series and the benefits of local production in China.」
It was explained that profitability in Motion Control improved from the previous year because of the accelerated transition to the Σ-7 Series and the benefits of local production in China. - FY2017-Q3RestatedAnnual report
「In addition to higher sales volume, improved profitability from accelerating the transition to the new Σ-7 Series offset the foreign-exchange impact of the stronger yen, leaving operating profit almost unchanged year on year.」
Although the improvement in profitability from the Σ-7 Series offset the foreign-exchange impact, the consolidated group as a whole posted lower sales and lower profit, indicating that establishing a highly profitable business structure remains an ongoing challenge. - FY2017-Q2Improvement in some areas, but overall profit declineAnnual report
「Although profitability improved as a result of switching to the new Σ-7 Series, the improvement was insufficient to offset the deterioration in the foreign-exchange environment, resulting in lower profit.」
Profitability improved with the Σ-7 Series, but the impact of foreign exchange could not be offset, resulting in lower profit overall. - FY2016First statedAnnual report
「By maximizing the results of the previous medium-term management plan, Realize 100, while establishing a highly profitable business structure,」
Establishing a highly profitable business structure was identified as one of the objectives of Dash 25.