Yaskawa Electric : Corporate Data

06 Corporate Data

11-Year Financial Data

				Japanese GAAP
(Fiscal year)		2012	2013	2014	2015	2016	2017*3
Net sales		310,383	363,570	400,153	411,260	394,883	448,523
Gross profit		82,108	108,139	126,890	134,147	124,018	154,174
Operating profit		13,070	25,702	31,532	36,730	30,409	54,126
Profit before income taxes	12,125	25,717	34,413	35,202	29,910	53,556
Profit attributable to owners of parent	6,800	16,964	24,819	22,365	20,397	39,749
Business Segment Information*1*2
	Net sales	144,333	162,346	188,116	187,548	172,025	212,095
Motion Control	Operating profit	3,248	16,444	21,748	22,413	22,772	41,729
	Operating profit ratio (%)	2.3	10.1	11.6	12.0	13.2	19.7
	Net sales	110,223	122,543	135,956	154,068	139,993	163,379
Robotics	Operating profit	8,365	9,511	10,558	15,304	10,253	17,761
	Operating profit ratio (%)	7.6	7.8	7.8	9.9	7.3	10.9
	Net sales	37,263	35,327	40,980	43,053	59,354	52,934
System Engineering	Operating profit	1,504	-5	-768	-760	-591	-3,794
	Operating profit ratio (%)	4.0	-0.0	-1.9	-1.8	-1.0	-7.2
Sales by Destination*4
Japan		143,456	150,101	144,246	135,495	134,205	133,896
The Americas		51,113	58,481	72,616	85,088	74,691	83,078
Europe		32,047	42,499	46,921	52,011	50,736	60,879
China		48,555	67,165	85,017	81,938	81,246	103,313
Asia except China		32,752	41,430	47,761	52,355	49,798	63,397
Other		2,456	3,892	3,590	4,370	4,205	3,957
Overseas sales ratio (%)		53.8	58.7	64.0	67.1	66.0	70.1
Cash Flow
Cash flows from operating activities	24,640	23,972	29,023	31,954	33,752	46,054
Cash flows from investing activities	-18,058	-16,942	-27,874	-22,421	-18,936	-18,852
Free cash flows		6,582	7,029	1,149	9,533	14,816	27,202
Cash flows from financing activities	-9,053	-5,983	-1,471	-2,601	-16,453	-14,820
Cash and cash equivalents at end of period	19,389	22,992	24,347	31,656	29,735	42,213
Per Share Information
Earning (yen)		27.03	67.42	98.45	84.71	76.60	149.35
Dividends (yen)		10.00	12.00	20.00	20.00	20.00	40.00
End of the Fiscal Year
Total assets		302,518	340,506	388,205	373,533	387,512	441,249
Interest-bearing debt		54,684	55,528	52,430	48,426	36,765	32,247
Shareholders' equity		112,218	134,076	171,388	181,281	198,513	235,865
Management and Financial Indicators
Operating profit ratio (%)	4.2	7.1	7.9	8.9	7.7	12.1
ROE: Return on equity (%)	6.4	13.8	16.3	12.8	10.7	18.3
Shareholders' equity ratio (%)	37.1	39.4	44.1	48.5	51.2	53.5
Debt-to-equity ratio (times)	0.49	0.41	0.31	0.27	0.19	0.14
Dividend payout ratio (%)	37.0	17.8	20.3	23.6	26.1	26.8
Exchange Rate
U.S. dollar (yen)		81.9	99.6	108.2	120.8	108.4	111.5
Euro (yen)		105.7	132.7	139.7	133.0	119.2	128.8

*1 Starting FY2013, reportable segments changed to the following 3 segments: Motion Control, Robotics, and System Engineering. There have also been partial changes in the division of businesses within these segments. Figures and profit ratios of each segment for the period up until FY2012 are based on figures before the change was implemented. The figures for former Information Technologies segment and Other segment are omitted. Revisions were made to the division of businesses segments starting FY2017. The PV inverter business, which was previously included in Motion Control, is included in System Engineering. Figures and profit ratios of each segment for FY2016 reflect this change. The change is not applied to figures and profit ratios for the period up until FY2015.

85 YASKAWA Report 2023

			IFRS			(million JPY)
2018	2019	2020	2021	2022	(Fiscal year)
474,638	410,957	389,712	479,082	555,955	Revenue
156,353	124,496	116,370	168,644	192,006	Gross profit
53,098	24,198	27,180	52,860	68,301	Operating profit
55,051	24,642	27,172	55,378	71,134	Profit before tax
42,524	15,572	18,927	38,354	51,783	Profit attributable to owners of parent
					Business Segment Information*1*2
213,260	180,446	176,014	227,260	252,126	Revenue
34,697	20,554	24,576	38,161	36,193	Operating profit	Motion Control
16.3	11.4	14.0	16.8	14.4	Operating profit ratio (%)
177,995	152,170	139,494	178,670	223,829	Revenue
17,986	6,503	6,907	17,248	26,126	Operating profit	Robotics
10.1	4.3	5.0	9.7	11.7	Operating profit ratio (%)
51,627	55,535	50,763	52,265	51,111	Revenue
-770	469	-1,030	2,126	2,574	Operating profit	System Engineering
-1.5	0.8	-2.0	4.1	5.0	Operating profit ratio (%)
					Revenue by Location*4
154,539	151,481	135,908	150,190	162,405	Japan
84,908	73,906	58,928	80,705	116,956	The Americas
70,436	61,275	54,822	73,726	81,393	EMEA
103,404	79,974	97,938	126,055	135,860	China
60,914	43,892	41,818	48,405	59,339	Asia except China
435	428	296	-	―	Other
67.4	63.1	65.1	68.7	70.8	Overseas revenue ratio (%)
					Cash Flow
34,347	21,480	39,602	49,233	- 2,209	Net cash provided by operating activities
-27,111	-20,645	-9,601	-24,165	- 19,694	Net cash used in investing activities
7,236	835	30,000	25,067	- 21,904	Free cash flows
-10,268	491	-20,284	-22,475	7,197	Net cash provided by (used in) financing activities
39,289	40,307	50,953	55,151	42,274	Cash and cash equivalents at end of period
					Per Share Information
161.00	59.42	72.41	146.72	198.07	Earnings per share (yen)
52.00	52.00	24.00	52.00	64.00	Dividends per share (yen)
					End of the Fiscal Year
463,965	450,127	487,428	559,038	653,132	Total assets
55,415	81,578	76,543	68,046	99,565	Interest-bearing debt
243,967	228,362	246,266	291,234	347,499	Equity attributable to owners of parent
					Management and Financial Indicators
11.2	5.9	7.0	11.0	12.3	Operating profit ratio (%)
17.9	6.6	8.0	14.3	16.2	ROE: Return on equity (%)
52.6	50.7	50.5	52.1	53.2	Ratio of equity attributable to owners of parent to total assets (%)
0.22	0.36	0.31	0.23	0.29	Debt-to-equity ratio (times)
32.3	87.5	33.1	35.4	32.3	Dividend payout ratio (%)
					Average Exchange Rate
110.5	109.0	106.0	111.5	134.1	U.S. dollar (yen)
128.9	121.4	122.8	130.4	139.8	Euro (yen)

*2 From FY2020, high-pressure AC drive systems were included in the Systems Engineering segment, but are now included in the Motion Control segment. Amounts and operating profit ratios for each segment are presented on the basis after the change of segments for FY2019 and before the change of segments for the period up to FY2018.

*3 The Company changed its accounting period starting FY2017 from March 20 to the last day of February. As a transitional year for this change, FY2017 was from March 21, 2017 to February 28, 2018.

*4 Regional revenue is disclosed by destination up to FY2020, and by location since FY2021.

01 Drivers of Value Creation

02 Management Policy03 Creating Social Value and Solving 04 Foundation of Value Creation Social Issues through Business

05 Corporate Governance

06 Corporate Data

YASKAWA Report 2023 86

06 Corporate Data

IR Activities and External Evaluation

IR Activities

Yaskawa believes it is important to promote constructive dialogue with shareholders and investors in order to achieve sustainable growth and increase corporate value over the medium to long term.

In addition to enhancing information disclosure and opportunities for dialogue with our stakeholders, including institutional investors and analysts, we appropriately report to the management the opinions and requests of our stakeholders, and use them in discussions aimed at improving corporate value.

External Evaluation of IR Activities

Overall IR activities

Japan Investor Relations Association

IR Award 2022

"Most Liked!" IR Award

Institutional Investor

The 2023 All-Japan Executive Team Ranking 2nd in Engineering & Machinery sector

3rd in Best CEO 1st in Best CFO

1st in Best IR Professional 3rd in Overall best IR Team 2nd in Overall best IR Program

IR website

Daiwa Investor Relations Co., Ltd.

2022 Internet IR Awards

Excellence Award

Nikko IR Corporation

Ranking of all listed company websites in FY 2022 Best site (General award)

Broadband Security Co., Ltd.

Gomez IR Site Ranking 2022

Excellent Company: Bronze Prize

Inclusion in ESG Index

Yaskawa was included in the following indices as of July 2023.

• MSCI Japan ESG Select Leaders Index*
• MSCI Japan Empowering Women Select Index (WIN)*
• FTSE4Good Index Series
• FTSE Blossom Japan Index
• FTSE Blossom Japan Sector Relative Index
• S&P/JPX Carbon Efficient Index
• Morningstar Japan ex-REIT Gender Diversity Tilt Index

• THE INCLUSION OF YASKAWA ELECTRIC CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, NDORSEMENT OR PROMOTION OF YASKAWA ELECTRIC CORPORATION BY MSCI OR ANY OF ITS AFFILIATES.
  THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

87 YASKAWA Report 2023

06 Corporate Data

Corporate and Stock-Related Information

Corporate Information (As of February 28, 2023)
Corporate name:	YASKAWA Electric Corporation		Employees:	13,094 Consolidated
Head office:	2-1 Kurosakishiroishi, Yahatanishi-ku,		Number of consolidated	62 companies
Kitakyushu 806-0004, Japan		subsidiaries:
Founded:	July 16, 1915		Number of affiliates
			accounted for by the equity	8 companies
Share capital:	30,562 million yen
	method:

Stock and Shareholder Information (As of February 28, 2023)

01 Drivers of Value Creation

02

Stock Information

Share Distribution by Shareholder Type

Management

Securities code:	6506 (Japan)
Business year:	March 1 to the last day of February of
the following year
Record date for dividend	Last day of February and August 31 of
payout:	each year
Month of the Ordinary

Private individuals 8.81%

Other 8.18%

Policy

General Meeting of	May
Shareholders:
Number of shares	266,690,497
outstanding:
Number of shares	1,594,820 units
circulating (unit):
Ratio of shares circulating:	59.80%
Stock exchange listings:	Tokyo (Prime market), Fukuoka
Share unit:	100 shares
Number of shareholders:	41,345

Foreign corporations, etc. 31.14%

Financial institutions 51.87%

03 Creating Social Value and Solving Social Issues through Business

Major Shareholders

Major shareholders	Number of	Share holding
shares
(Top 10 shareholders)	ratio (%)
(Thousands)
The Master Trust Bank of Japan, Ltd. (Trust	52,012	19.81%
Account)
Custody Bank of Japan, Ltd. (Trust Account)	24,956	9.50%
THE BANK OF NEW YORK 133969	12,300	4.68%
Mizuho Bank, Ltd. (MHBK)	8,100	3.09%
Custody Bank of Japan, Ltd. (Sumitomo	7,439	2.83%
Mitsui Trust Bank, Limited Employee
Retirement Benefit Trust Account)
Meiji Yasuda Life Insurance Company	7,230	2.75%
Custody Bank of Japan, Ltd. (Sumitomo
Mitsui Trust Bank, Limited Retrust	5,100	1.94%
Account,The Bank of Fukuoka, Ltd.
Employee Retirement Benefit Trust Account)
STATE STREET BANK	4,613	1.76%
WEST CLIENT - TREATY 505234
The Dai-ichi Life Insurance Company, Ltd.	4,199	1.60%
SSBTC CLIENT OMNIBUS ACCOUNT	4,119	1.57%

Note: Treasury stock (4,122,926 shares) is deducted in the calculation of the shareholding ratio.

Company Share Price (From January 2020 to July 2023)

(JPY)

9,000

8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0		2020						2021					2022				2023
4	6	8	10	12	2	4	6	8	10	12	2	4	6	8	10	12	2	4	6
2

Note: The prices displayed are the monthly high and low prices traded at Tokyo Stock Exchange.

(Year)

(Month)

04 Foundation of Value Creation

05 Corporate Governance

Stock Price Indicators and Data (As of the end of FY)

	2019	2020	2021	2022
Price Earnings Ratio (PER) (Times)	56.97	73.47	31.15	27.06
Price Book-value Ratio (PBR) (Times)	3.87	5.65	4.10	4.03
Market capitalization at the end of the period (million JPY)	902,747	1,418,793	1,218,776	1,429,461

06 Corporate Data

YASKAWA Report 2023 88