YASKAWA Electric Corporation YASKY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsJapan

Last close 49.26 USD on Nov 3, 2026, −18.0% year to date

Quant rating

Quant rating C Rank 189 of 418 in Industrials

Growth B 130 of 418
Valuation B 79 of 418
Quality B 101 of 418
Revisions C 236 of 418
Momentum D 358 of 418

Wall Street consensus Buy (2.15)Average target 37.76 USD −23.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.6B
Enterprise value: 7.0B
52-week range: 46.32 – 96.17
3-year range: 36.85 – 96.17
Dividend yield: 1.77%
Beta (5 years): 1.64
Shares outstanding: 267M
Next earnings: Jan 7, 2027

About the company

Yaskawa Electric Corp is a Japan-based company mainly engaged in the manufacture, sale, installation, maintenance, and engineering of electrical equipment. The Company operates through three business segments. The Motion Control segment develops, manufactures, sells, and provides maintenance services for alternating current (AC) servo motors, control devices, and inverters. The Robotics segment develops, manufactures, sells, and provides maintenance services for industrial robots. The System Engineering segment develops, manufactures, sells, and provides maintenance services for environmental and social systems and industrial automation drives.

Growth and profitability fiscal year ends February 28

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	3,474	3,570	3,838	4,082	4,166	–
Revenue growth	−2.7%	−7.0%	−6.0%	−2.0%	13.9%	−1.0%
EPS (basic, normalized)	0.85	1.49	1.28	1.50	1.18	–
EPS growth	−42.7%	16.4%	−14.7%	27.0%	–	–
Gross margin	35.3%	35.6%	36.3%	34.5%	35.2%	35.4%
Net margin	6.5%	10.6%	8.8%	9.3%	8.0%	8.6%
ROE	7.7%	13.7%	13.6%	16.2%	14.3%	13.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	439
Current ratio	2.42x
Long-term debt (mil)	489
Net debt (mil)	411
Total equity (mil)	3,156
Net debt / equity	0.13x
Net debt / EBITDA	0.99x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	3,474	−2.7%	2.0x	417	−17.9%	16.9x	0.85	−42.7%	57.7x
2027	3,764	+8.3%	1.9x	530	+27.2%	13.3x	1.11	+30.3%	44.3x
2028	4,107	+9.1%	1.7x	658	+24.1%	10.7x	1.41	+26.6%	35.0x
2029	4,271	+4.0%	1.6x	707	+7.4%	10.0x	1.53	+8.7%	32.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	3,764	0.0%	−0.3%	+1.2%	1.11	+0.2%	−6.4%	−5.9%
2028	4,107	+1.1%	+1.4%	+4.0%	1.41	+0.1%	−1.8%	+3.0%
2029	4,271	+0.3%	+0.7%	+4.9%	1.53	−3.0%	−4.6%	+3.1%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Sales reported (mil)	132,408	129,165	132,116	143,993	125,642	134,553	135,032	146,895	138,982	146,616
Sales mean (mil)	138,240	142,057	133,884	147,604	130,064	127,359	131,771	138,393	143,482	143,761
Surprise	−4.2%	−9.1%	−1.3%	−2.4%	−3.4%	+5.6%	+2.5%	+6.1%	−3.1%	+2.0%
EPS reported	35.19	33.10	106.11	44.40	26.81	43.55	28.13	37.22	20.99	52.14
EPS mean	40.60	38.90	88.19	47.00	29.82	29.38	36.03	43.14	42.72	33.58
Surprise	−13.3%	−14.9%	+20.3%	−5.5%	−10.1%	+48.2%	−21.9%	−13.7%	−50.9%	+55.3%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
YASKY YASKAWA Electric Corporation	6.6B	0.99x	6.5%	2.02x	44.3x	35.0x	13.3x	10.7x
HTCMY Hitachi Construction Machinery Co Ltd	7.0B	2.26x	5.2%	1.18x	24.6x	21.3x	6.6x	6.0x
OMRNY OMRON Corporation	6.9B	1.98x	4.5%	1.22x	24.7x	15.1x	10.0x	8.9x
NRKBY Nkt A/S	6.8B	−1.47x	7.4%	2.69x	5.8x	4.2x	13.0x	9.7x
MSM MSC Industrial Direct Co., Inc.	6.7B	0.86x	5.3%	4.71x	21.5x	18.3x	12.8x	11.5x
TEX Terex Corporation	6.5B	3.00x	4.1%	1.30x	11.7x	9.8x	8.9x	7.6x
Mean		1.27x	5.5%	2.19x	22.1x	17.3x	10.8x	9.1x
Median		1.48x	5.2%	1.66x	23.0x	16.7x	11.4x	9.3x

Technical analysis

1M−20.9%
3M−21.1%
1Y−11.7%
3Y−28.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, YASKAWA Electric Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	3,474	3,570	3,838	4,082	4,166	3,657
Cost of revenue	2,249	2,299	2,444	2,672	2,700	2,565
Gross profit	1,225	1,271	1,394	1,410	1,467	1,092
Selling, general & administrative expenses	862	874	885	895	926	774
Research & development	–	–	–	–	–	–
Depreciation/amortization	72.5	69.9	74.3	78.6	87.3	77.2
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−8.7	−3.2	−7.1	−61.7	−2.0	−11.6
Other operating expenses	−4.0	−2.5	−0.3	−3.3	−4.3	−2.9
Operating income	303	333	442	501	460	255
Net interest income (expense)	15.9	190	21.2	21.7	23.0	1.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−1.5	−2.0	−2.6	−0.9	−1.1	−1.4
Net income before taxes	318	521	461	522	482	255
Provision for taxes	83.2	138	117	135	144	74.2
Minority interest	−8.6	−4.7	−6.1	−7.2	−3.6	−3.1
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	226	378	338	380	334	178
Extraordinary items	–	–	–	–	–	–
Net income	226	378	338	380	334	178
EBIT, normalized	294	330	435	440	458	243
EBITDA, normalized	427	467	573	584	611	394
Basic EPS, normalized	0.85	1.49	1.28	1.50	1.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, YASKAWA Electric Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	413	420	298	343	498	496
Receivables	1,121	1,174	1,120	1,257	1,301	1,197
Total inventory	1,351	1,370	1,386	1,338	1,146	952
Prepaid expenses	–	–	–	–	–	–
Other current assets	137	109	237	225	206	201
Total current assets	3,022	3,073	3,041	3,164	3,151	2,847
Property, plant & equipment	1,159	961	884	850	922	929
Goodwill	47.5	47.4	48.5	55.5	63.8	62.0
Intangibles	193	157	130	140	157	168
Long-term investments	615	525	378	373	388	375
Note receivable	–	–	–	–	–	–
Other long-term assets	170	175	201	213	179	193
Total assets	5,206	4,939	4,683	4,795	4,862	4,573
Liabilities
Accounts payable	370	393	444	497	669	573
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	91.9	34.3	42.0	277	79.9	178
Current portion of long-term debt	224	151	157	150	120	120
Other current liabilities	539	614	618	653	655	579
Total current liabilities	1,225	1,192	1,261	1,577	1,524	1,450
Long-term debt	484	542	440	304	392	420
Minority interest	64.5	55.9	57.9	55.6	59.7	30.9
Other liabilities	334	286	261	307	353	362
Total liabilities	2,107	2,076	2,020	2,244	2,329	2,263
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	196	203	204	224	266	287
Additional paid-in capital	192	198	195	212	246	263
Retained earnings (accumulated deficit)	2,367	2,311	2,034	1,992	2,022	1,915
Treasury stock	−203	−211	−150	−162	−191	−207
Other equity	547	362	379	285	189	51.9
Total equity	3,099	2,863	2,663	2,551	2,533	2,311
Total liabilities & shareholders' equity	5,206	4,939	4,683	4,795	4,862	4,573

Cash flow statement in millions of USD, fiscal years

Cash flow statement, YASKAWA Electric Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	318	521	461	522	482	255
Depreciation, depletion & amortization	135	138	142	144	153	152
Deferred taxes	–	–	–	–	–	–
Non-cash items	−30.2	−196	−32.8	−23.7	11.1	16.8
Changes in working capital	−88.3	−88.0	−206	−659	−217	−52.1
Cash from operations	334	375	364	−16.2	428	372
Investing activities
Capital expenditures	−296	−248	−207	−161	−211	−80.8
Other investing cash flows	13.0	106	11.2	16.4	0.5	−9.3
Cash from investing	−283	−141	−196	−145	−210	−90.1
Financing activities
Financing cash flow items	−2.7	−3.2	−2.5	−3.2	−1.7	0.3
Cash dividends paid	−113	−115	−112	−111	−86.6	−93.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	60.6	13.9	−81.8	167	−107	−97.4
Cash from financing	−55.3	−104	−196	52.8	−195	−190
Foreign exchange effects	18.4	−5.3	14.3	13.4	14.0	8.7
Net change in cash	14.1	125	−13.3	−94.5	36.5	99.9
Free cash flow	38.0	127	157	−177	217	291

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.