Yaskawa Electric's Profit Drops 22% in Fiscal Q1

MT Newswires Live07-10 16:19

Yaskawa Electric's (TYO:6506) profit attributable to owners of the parent fell 22% to 5.45 billion yen for the fiscal first quarter from 6.95 billion yen a year earlier.

The robotics company's earnings per share declined to 20.97 yen from 26.78 yen a year ago, according to a Tokyo bourse filing on Friday.

Revenue jumped 11% to 138.9 billion yen for the three months ended May 31 from 125.6 billion yen in the prior-year period.

For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 47 billion yen, EPS of 181.21 yen and revenue of 580 billion yen.

Yaskawa plans to pay interim and year-end dividends of 36 yen per share, each, for the year, which is higher than the amounts paid in the year-ago period.

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