YASKAWA Electric Corporation
6506・Prime Market・Electric Appliances
Business
Yaskawa Electric, founded in 1915, is organized into four segments: "Motion Control," centered on AC servo drives and inverters; "Robots," covering industrial robots broadly; "System Engineering," handling electrical systems for steel and social infrastructure; and "Others," including logistics services. It is a global group comprising 71 subsidiaries and 13 affiliated companies, serving a broad customer base across industries such as automotive, semiconductors, general industry, food, and medical. Of its revenue of ¥542,122 million (FY2026 (ending March 2026)), the Motion Control and Robots segments together account for approximately 90% of external sales.
Business Model
Beyond selling standalone products, the company provides integrated system solutions combining controllers, servos, inverters, and robots under the "i³-Mechatronics" concept, generating revenue by solving customers' productivity improvement, energy-saving, and automation challenges. It also offers service and maintenance proposals (YDX) across the entire product lifecycle, securing ongoing customer touchpoints. By promoting a global demand-based production system and in-house manufacturing, the company achieves both cost competitiveness and supply stability.
Company Strengths
Under its commitment to product development that is 'world's best, world's first,' the company invested ¥23,773 million in research and development in FY2025 (ended March 2025 (Note: source uses 2025年2月期; treated as fiscal year ending February 2025)). Of this, ¥11,204 million was allocated to Motion Control alone, enabling continuous rollout of new products such as the new machine controller "MPX1000 Series" and the functional-safety-compliant "Σ-X Series."
"MOTOMAN NEXT," the industry's first robot to feature a standard-equipped autonomous control unit built into its controller, received the 2024 "Ten Best New Products Award." Its early deployment at the company's own plant (Yahatanishi No. 1 Plant) has already demonstrated productivity improvements, and it is positioned as a strategic product to accelerate expansion into previously unautomated areas.
The company has set a cumulative investment plan of ¥150.0 billion for fiscal years 2023 through 2025, with actual capital expenditure of ¥40,672 million in FY2025 (ended March 2025 (Note: source uses 2025年2月期; treated as fiscal year ending February 2025)). Initiatives include the construction of a new No. 5 Plant at the Yahatanishi site (integrated production of motors and robots) and the planned start of operations at the Minami-Yukuhashi site in FY2026, representing forward investment in both production capacity and efficiency.
ENVALITH's Perspective
Performance Trend
Revenue growth peaked in FY2023 (ending February 2023), followed by continued adjustment through FY2025 and FY2026 (ending February 2025 and February 2026). However, Q1 FY2027 (ending February 2027) saw revenue turn positive at ¥138,982 million (+10.6% YoY). The main external driver was expanding investment related to semiconductors and data centers. Meanwhile, operating profit fell sharply to ¥8,486 million (-19.2% YoY). This reflected the combined impact of production disruptions from core system migration, higher indirect costs, and European business restructuring expenses. The full-year forecast (revenue of ¥580,000 million, operating profit of ¥60,000 million) remains unchanged. Operating profit over the past five fiscal years has been on a declining trend since peaking at ¥68,301 million in FY2023 (ending February 2023), and achieving the full-year forecast will require a significant improvement in profitability in the second half.
Growth Strategy
Three pillars: deepening i³-Mechatronics solutions, strengthening the global production system, and commercializing new application domains
The company is advancing a core system migration aimed at strengthening its management foundation. In the first quarter of FY2027 (ending February 2027), the impact on production operations from the migration significantly weighed on operating profit; however, the full-year earnings forecast has been maintained while carefully monitoring the pace of system adoption, and a recovery in earnings is expected from the second quarter onward as production normalizes.
The company is strengthening its response to AI, semiconductor, and data center-related demand for AC servo motors, controllers, and inverters. In the first quarter of FY2027 (ending February 2027), the Motion Control segment achieved higher revenue and significantly higher profit across all global regions, while the global rollout of iCube Control is also advancing total solution proposals.
In response to the slowdown in the European automotive market, structural reform costs were recorded in the first quarter of FY2027 (ending February 2027). A bottoming-out of demand across manufacturing industries and a recovery in automation demand for semiconductor and general industrial applications have been observed, and improving the profitability of the European business through structural reform remains a medium-term challenge.
The company is accelerating its expansion into previously unautomated areas such as food, medical, and biomedical applications. It is promoting the development of the biomedical market centered on "Maholo" and the creation of use cases through partner collaboration. The start of operations at the No. 5 plant at the Yahatanishi Business Center (integrated motor and robot production) is also expected to improve production efficiency and profitability.
Last updated: July 17, 2026