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YASKAWA Electric: first half financial results decreased revenue and operating profits

October 22, 2020

On October 9, 2020, YASKAWA Electric announced its interim financial results for the fiscal year ending February 2021 at its headquarters in Kitakyushu City, Fukuoka Prefecture.

Revenue in the first half decreased 11.8% year-on-year to 186,846 million yen, and operating profit decreased 8.3% year-on-year to 13,294 million yen. At the press conference, President Hiroshi Ogasawara said, “The spread of COVID-19 worldwide force companies to refraining from capital investment and the situation has become severe. Production activities have quickly normalized in China. Investment in 5G is aggressive and the automobile market has been recovering in China.

The robotics business was most affected by COVID-19. Revenue was 65,396 million yen, down 18.9% year-on-year, and operating profit was 2,486 million yen, down 36.7% year-on-year. ” I guess that the robotics business may recover in the latter of last half-year.”

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