6506
YASKAWA Electric Corporation
株式会社安川電機
Electric Appliances
YASKAWA Electric Corporation engages in motion control, robotics, and system engineering businesses worldwide. It offers rotary servo motors, direct drive motors, linear motors/linear sliders, machine controllers, positioning sensor encoders, and servo amplifiers for use in industrial robots, semiconductor manufacturing apparatus, machine tools, flat panel display manufacturing equipment, and metal working machines; and arc and spot welding, handling/assembling, collaborative, biomedical, palletizing, press handling, sealing/cutting/laser machining, deburring, painting, glass substrates transfer, and semiconductor wafer transfer robots for use in semiconductor wafer conveyance, arc welding, spot welding, handling, assembly, and palletizing applications. The company also manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials. In addition, it provides industrial system electrical products, such as medium-voltage AC drives, system use AC drives, and system controllers for use in iron and steel systems, water and wastewater treatment, crane, and paper-making/film/port cargo handling/fiber/printing applications. Further, the company offers equipment for energy saving and creation comprising PV inverters, control equipment for small-scale power generation, and motor drive systems for use in photovoltaic power generation and electric vehicles. The company was founded in 1915 and is headquartered in Kitakyushu, Japan.
Price
¥7,208
Market Cap
¥1.9T
Ent. Value
¥1.9T
Net Debt
−¥48.8B
Shares Out.
260.0M
P / E
53.0×
EV / EBIT
40.7×
P / Book
—
P / NCAV
12.27×
Div. Yield
0.94%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥542.1B | ¥537.7B | ¥575.7B | ¥556.0B | ¥479.1B |
| Cost of Sales | ¥350.9B | ¥346.2B | ¥366.6B | ¥363.9B | ¥310.4B |
| Gross Profit | ¥191.2B | ¥191.5B | ¥209.1B | ¥192.0B | ¥168.6B |
| SG&A | ¥145.9B | ¥142.2B | ¥143.9B | ¥132.6B | ¥116.5B |
| Operating Income | ¥47.3B | ¥50.2B | ¥66.2B | ¥68.3B | ¥52.9B |
| Non-Operating Income | ¥4.6B | ¥2.5B | ¥1.7B | ¥1.4B | ¥1.2B |
| Interest Income | ¥1.1B | ¥862M | ¥696M | ¥403M | ¥278M |
| Non-Operating Expenses | ¥3.1B | ¥3.8B | ¥3.3B | ¥2.4B | ¥1.1B |
| Interest Expense | ¥1.6B | ¥1.4B | ¥1.5B | ¥1.2B | ¥514M |
| Pre-tax Income | ¥49.6B | ¥78.5B | ¥69.1B | ¥71.1B | ¥55.4B |
| Net Income (owners) | ¥35.2B | ¥57.0B | ¥50.7B | ¥51.8B | ¥38.4B |
| Minority Interest | ¥1.3B | ¥708M | ¥914M | ¥982M | ¥413M |
| Comprehensive Income | ¥71.7B | ¥58.0B | ¥70.5B | ¥72.3B | ¥55.6B |
| EPS | ¥135.88 | ¥218.62 | ¥193.87 | ¥198.07 | ¥146.72 |
| Shares Outstanding | 260.0M | 260.0M | 262.0M | 262.0M | 261.9M |
| Shares Issued (total) | 266.7M | 266.7M | 266.7M | 266.7M | 266.7M |
| Treasury Shares | 6.7M | 6.7M | 4.7M | 4.7M | 4.8M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥812.4B | ¥743.8B | ¥702.3B | ¥653.1B | ¥559.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥471.5B | ¥462.8B | ¥456.1B | ¥430.9B | ¥362.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥61.2B | ¥59.0B | ¥40.3B | ¥42.3B | ¥55.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥340.8B | ¥280.9B | ¥246.2B | ¥222.2B | ¥196.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥164.0B | ¥129.1B | ¥115.7B | ¥100.3B | ¥93.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥7.4B | ¥7.1B | ¥7.3B | ¥7.6B | ¥7.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥30.2B | ¥23.6B | ¥19.5B | ¥19.1B | ¥18.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥10.8B | ¥11.4B | ¥15.3B | ¥15.3B | ¥12.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥318.7B | ¥304.2B | ¥294.3B | ¥298.1B | ¥260.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥191.2B | ¥179.5B | ¥189.1B | ¥214.8B | ¥175.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥45.6B | ¥24.5B | ¥26.2B | ¥55.1B | ¥20.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥127.6B | ¥124.7B | ¥105.2B | ¥83.2B | ¥85.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥64.5B | ¥71.2B | ¥54.2B | ¥30.4B | ¥36.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥12.8B | ¥8.2B | ¥2.7B | ¥3.1B | ¥2.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥493.6B | ¥439.6B | ¥408.0B | ¥355.1B | ¥298.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥29.9B | ¥29.8B | ¥29.2B | ¥28.9B | ¥28.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥369.3B | ¥348.0B | ¥305.1B | ¥271.3B | ¥232.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-31.6B | ¥-31.7B | ¥-22.5B | ¥-22.0B | ¥-22.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥85.3B | ¥54.5B | ¥56.9B | ¥38.8B | ¥21.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥483.5B | ¥431.2B | ¥399.3B | ¥347.5B | ¥291.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥10.1B | ¥8.4B | ¥8.7B | ¥7.6B | ¥6.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥110.0B | ¥95.7B | ¥80.3B | ¥85.5B | ¥56.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-48.8B | ¥-36.7B | ¥-40.1B | ¥-43.2B | ¥-1.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥152.8B | ¥158.7B | ¥161.8B | ¥132.8B | ¥101.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥588 | ¥610 | ¥617 | ¥507 | ¥387 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,860 | ¥1,658 | ¥1,524 | ¥1,326 | ¥1,112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥52.2B | ¥56.5B | ¥54.6B | ¥-2.2B | ¥49.2B |
| Investing CF | ¥-44.2B | ¥-21.3B | ¥-29.3B | ¥-19.7B | ¥-24.2B |
| Purchase Investments | ¥-5.1B | ¥-1.3B | ¥-3.2B | ¥-341M | ¥-2.4B |
| Financing CF | ¥-8.6B | ¥-15.7B | ¥-29.4B | ¥7.2B | ¥-22.5B |
| Free Cash Flow | ¥52.2B | ¥56.5B | ¥54.6B | ¥-2.2B | ¥49.2B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 7.6% | 13.4% | 13.3% | 15.9% | 12.9% |
| ROA | 4.5% | 7.9% | 7.5% | 8.5% | 6.9% |
| EPS | ¥135.88 | ¥218.62 | ¥193.87 | ¥198.07 | ¥146.72 |
| DPS | ¥68.00 | ¥68.00 | ¥64.00 | ¥64.00 | ¥52.00 |
| FCF/Share | ¥201 | ¥217 | ¥208 | ¥-8 | ¥188 |
| NCAV/Share | ¥588 | ¥610 | ¥617 | ¥507 | ¥387 |
| Payout Ratio | 50.0% | 31.1% | 33.0% | 32.3% | 35.4% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 59
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
48,510 | 18.65% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
25,349 | 9.75% |
| 3 |
THE BANK OF NEW YORK
THE BANK OF NEW YORK 133969 (常任代理人 株式会社みずほ銀行決済営業部)
|
8,981 | 3.45% |
| 4 |
Mizuho Bank
株式会社みずほ銀行 (常任代理人 株式会社日本カストディ銀行)
|
8,100 | 3.11% |
| 5 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(三井住友信託銀行退職給付信託口)
|
7,439 | 2.86% |
| 6 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社 (常任代理人 株式会社日本カストディ銀行)
|
7,230 | 2.78% |
| 7 | 株式会社福岡銀行 | 5,100 | 1.96% |
| 8 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
4,942 | 1.90% |
| 9 | BANK PICTET AND CIE (EUROPE) AG, SUCCURSALE DE LUXEMBOURG REF UCITS (常任代理人 株式会社三菱UFJ銀行) | 4,611 | 1.77% |
| 10 | SMBC日興証券株式会社 | 4,371 | 1.68% |
as of 2025-02-28
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
31.3%
-1.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.3%
-1.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
11.3%
+1.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 47.9% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 19.81% | 18.59% | 18.65% +0.06% | |
| Japan Custody Bank 日本カストディ銀行 | 14.27% | 13.95% | 12.61% -1.34% | |
| BNY Mellon | 4.68% | 4.87% | 3.45% -1.42% | |
| Mizuho Bank みずほ銀行 | 3.09% | 3.09% | 3.11% +0.02% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 2.75% | 2.75% | 2.78% +0.03% | |
| 式会社福岡銀行 NEW ENTRY | — | — | — | 1.96% NEW |
| State Street | 3.33% | 2.02% | 1.90% -0.12% | |
| BANK PICTET AND CIE (EUROPE) AG, SUCCURSALE DE LUXEMBOURG REF UCITS NEW ENTRY | — | — | — | 1.77% NEW |
| SMBC日興証券 NEW ENTRY | — | — | — | 1.68% NEW |
| JPモルガン証券 last seen 2024 | Exited Top 10 | — | 1.95% | — |
| Dai-ichi Life Insurance 第一生命保険 last seen 2024 | Exited Top 10 | 1.60% | 1.60% | — |
| Concentration (HHI) ⓘ | 649 | 591 | 550 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥20,026M
+3% since 2023
Holdings
30
+4 new
6 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥20,026M total | FY2023 ¥19,472M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Seibu Electric & Machinery Co., Ltd.
西部電機株式会社
|
5,012 |
2,630,000
|
4,268 | 2,630,000 | M |
|
sun-wa technos corporation
サンワテクノス株式会社
|
1,727 |
797,280
|
1,624 | 797,280 | M |
| 東元電機股份有限公司 | 1,608 |
6,488,429
|
887 | 6,488,429 | |
|
Yamaguchi Finacial Group,Inc.
株式会社山口フィナンシャルグループ
|
1,342 |
816,666
|
750 | 816,666 | M |
| 株式会社いよぎん ホールディングス | 1,289 |
789,572
|
640 | 789,572 | M |
|
OKUMA Corporation
オークマ株式会社
|
1,245 |
+100.0%
↑
372,930
|
1,021 | 186,465 | M |
|
NITTOKU CO., LTD.
NITTOKU株式会社
|
979 |
450,008
|
1,361 | 450,008 | M |
|
Fukuoka Financial Group, Inc.
株式会社ふくおかフィナンシャルグループ
|
858 |
218,674
|
664 | 218,674 | M |
| PicoCELA株式会社 | 779 |
NEW
New
1,074,180
|
— | ||
|
KROSAKI HARIMA CORPORATION
黒崎播磨株式会社
|
716 |
+300.0%
↑
280,312
|
442 | 70,078 | M |
|
FUJI CORPORATION
株式会社FUJI
|
598 |
272,400
|
561 | 272,400 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
564 |
296,550
|
286 | 296,550 | M |
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
523 |
-40.0%
↓
125,329
|
443 | 208,811 | M |
|
譬ェ蠑丈シ夂、セ隘ソ譌・譛ャ繝輔ぅ繝翫Φ繧キ繝」繝ォ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
株式会社西日本フィナンシャルホールディングス
|
360 |
183,151
|
212 | 183,151 | M |
|
SCREEN Holdings Co., Ltd.
株式会社SCREENホールディングス
|
327 |
+112.7%
↑
30,728
|
157 | 14,446 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ株式会社
|
321 |
NEW
New
84,128
|
— | M | |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業株式会社
|
306 |
101,040
|
323 | 101,040 | M |
|
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
|
287 |
+200.0%
↑
75,804
|
150 | 25,268 | M |
|
AIDA ENGINEERING,LTD.
アイダエンジニアリング株式会社
|
244 |
292,198
|
234 | 292,198 | M |
|
Star Flyer Inc.
株式会社スターフライヤー
|
241 |
94,660
|
238 | 94,660 | |
|
The Chikuho Bank , Ltd.
株式会社筑邦銀行
|
187 |
136,615
|
190 | 136,615 | M |
|
Kyushu Electric Power Company, Incorporated
九州電力株式会社
|
174 |
132,809
|
96 | 132,809 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス株式会社
|
107 |
20,310
|
58 | 20,310 | M |
|
THE OITA BANK, LTD.
株式会社大分銀行
|
106 |
32,330
|
73 | 32,330 | M |
|
NADEX CO., LTD.
株式会社ナ・デックス
|
85 |
100,000
|
94 | 100,000 | M |
|
Hmcomm Inc.
Hmcomm株式会社
|
24 |
NEW
New
28,000
|
— | ||
| Massivit 3D Printing Technologies Ltd. | 15 |
342,688
|
82 | 342,688 | |
| Lifeward Ltd. | 2 |
NEW
New
8,925
|
— | ||
|
NIPPON STEEL CORPORATION
日本製鉄株式会社
|
— | — | |||
|
Central Japan Railway Company
東海旅客鉄道株式会社
|
— | — | |||
| Transphorm Inc. | — |
−100%
Exit
—
|
1,607 | 3,120,000 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
|
— |
−100%
Exit
—
|
2,654 | 113,700 | M |
|
Hirogin Holdings, Inc.
株式会社ひろぎんホールディングス
|
— |
−100%
Exit
—
|
137 | 199,654 | |
|
NIKON CORPORATION
株式会社ニコン
|
— |
−100%
Exit
—
|
2 | 2,000 | M |
| 三井住友トラスト・ホールディングス株式会社 | — |
−100%
Exit
—
|
212 | 42,064 | M |
| ReWalk Robotics Ltd. | — |
−100%
Exit
—
|
6 | 62,478 | |
| Portfolio total | 20,026 | 19,472 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding