Yokogawa Electric raised its ordinary profit forecast for the current fiscal year from the previous outlook of ¥85 billion to ¥88 billion, and expects to post a record profit for the first time in two fiscal periods. Although profit declined in the first half, the full-year plan was revised based on an expected recovery in the second half.
Yokogawa Electric announced its earnings after market close on 4 November. Consolidated ordinary profit for the cumulative second quarter (April–September) of the fiscal year ending March 2027 was ¥36.2 billion, down 8.6% year on year.
The company raised its full-year ordinary profit forecast from ¥85 billion to ¥88 billion, expanding its projected growth rate from 0.9% to 4.4%, and expects to post a record profit for the first time in two fiscal periods.
Ordinary profit for the July–September quarter, representing the latest 3 months of results, was ¥19.4 billion, down 19.4% year on year, while the operating margin declined from 15.0% to 12.3%.
Based on first-half results and the second-half plan, second-half ordinary profit is estimated to increase to ¥51.7 billion in the outlook for the remainder of the current fiscal year.