Yaskawa Electric revised its operating profit forecast down to ¥57.5 billion, citing delays in production and shipments caused by the migration of its core system. At the same time, its revenue forecast was revised up from ¥58.0 billion to ¥60.0 billion.
Yaskawa Electric said the migration of its core system was affecting part of its production and shipments, indicating that the issue had still not been fully resolved. As a result, the company decided to revise operating profit down from its previous plan. The article cites the impact of the migration work as the reason for the revision.
At the same time, the revenue outlook was revised up from ¥58.0 billion to ¥60.0 billion. Data center investment, semiconductor-related investment and the weaker yen were cited as factors supporting revenue growth.
In the context of the earnings review, the migration work is indicated to be weighing on part of profitability, while revenue growth is exceeding expectations. Attention will continue to focus on progress toward completing the migration and the impact of new investments.