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Yokogawa Electric H1 FY2026 Earnings Presentation

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Part of Investor presentation examples · Japanese investor presentation examples

Yokogawa Electric H1 FY2026 Earnings Presentation: first-half results for the fiscal year ending March 2027 (April 1 to September 30, 2026), a revised full-year forecast, and the CEO's progress update on the GS2028 mid-term plan. This is a Japanese-language deck (2027年3月期 第2四半期 決算説明会) dated November 4, 2026 and released on TDnet, the Tokyo Stock Exchange's timely disclosure system. All amounts are in ¥100 million (億円) unless noted.

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Yokogawa Electric
Earnings presentation
Investor presentation
H1 FY2026
Fiscal year ending March 2027

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Description

Main Topic

Yokogawa Electric H1 FY2026 Earnings Presentation: first-half results for the fiscal year ending March 2027 (April 1 to September 30, 2026), a revised full-year forecast, and the CEO's progress update on the GS2028 mid-term plan. This is a Japanese-language deck (2027年3月期 第2四半期 決算説明会) dated November 4, 2026 and released on TDnet, the Tokyo Stock Exchange's timely disclosure system. All amounts are in ¥100 million (億円) unless noted.

Key Benefits

  • •Complete first-half picture: orders ¥365.6 billion (3,656 億円, +21.7%), sales ¥298.2 billion (2,982 億円, +5.8%) and operating profit ¥35.7 billion (357 億円, -8.4%) versus H1 FY2025, with FX effects separated out
  • •Shows how a weaker yen (¥159.90 vs ¥146.26 per US dollar) flattered reported growth: excluding FX, sales fell ¥4.6 billion (-1.6%) and operating profit fell ¥8.4 billion (-21.6%)
  • •Revised FY2026 forecast: orders raised to 6,650 億円, sales to 6,290 億円, operating profit to 880 億円 (ROS 14.0%) and EPS to ¥241.80
  • •Explains the Measurement business boom: orders up 473 億円 vs 163 億円 a year earlier on AI data center demand for optical spectrum analyzers and power analyzers
  • •Detailed Control business breakdowns by region, by sub-segment (Energy & Sustainability, Materials, Life), by order size and by industry, plus backlog trends
  • •Candid management view of the prolonged Middle East conflict, its effect on orders timing and the revised normalization assumption

Target Audience

  • •Equity analysts and investors covering Japanese industrial automation and test & measurement companies
  • •Portfolio managers comparing Yokogawa with Emerson, Honeywell, ABB, Siemens and Azbil
  • •IR and finance teams looking for a well-structured Japanese earnings briefing deck to benchmark
  • •Consultants and students studying process automation, LNG, hydrogen and energy-infrastructure markets
  • •Presentation designers who want a clean data-heavy quarterly results template

Use Cases

  • •Reviewing Yokogawa's H1 FY2026 results and revised full-year guidance
  • •Benchmarking a Japanese company's earnings briefing structure: summary, bridge, segments, regions, forecast, shareholder returns, appendix, CEO strategy section
  • •Building a model of Control orders by region and industry or Measurement orders driven by AI data centers
  • •Studying how a company explains FX impact separately from underlying performance
  • •Template inspiration for waterfall charts, stacked segment bars, regional tables and backlog charts

Unique Value Propositions

  • •Every one of the 43 slides is translated and summarized in English, so non-Japanese readers can follow the numbers without reading the original
  • •Separates FX-driven growth from organic performance on nearly every financial slide
  • •Combines CFO financial detail (presented by Director and Executive Officer Michiko Nakajima) with a CEO strategy section (Representative Executive Officer and President Kunimasa Shigeno)
  • •Includes concrete project wins: LNG Canada Phase 2 Main Automation Contractor, 5 x 800MW NTPC coal-fired units in India, and the world's largest liquefied hydrogen carrier control system from Kawasaki Heavy Industries

Slide Pages (43)

Detailed view of each slide page, including layout, key content and visual elements.

Page 1
title slide

Cover: Yokogawa Electric Q2 FY ending March 2027 Earnings Briefing

Content

Title slide with securities code 6841, company name Yokogawa Electric Corporation, the title 'Financial results briefing for Q2 of the fiscal year ending March 2027' and the date November 4, 2026.

Layout Structure

White left column with the YOKOGAWA logo and 'Co-innovating tomorrow' tagline; large green bokeh photo on the right with a yellow brand square and white title text.

Key Visual Elements

  • •YOKOGAWA logo with yellow diamond
  • •green bokeh background
  • •yellow brand square
  • •securities code 6841
Page 2
agenda

Contents

Content

Agenda in three parts: 1) Overview of consolidated results for Q2 FY ending March 2027 (p.3, Director and Executive Officer, Head of Accounting and Finance, Michiko Nakajima); 2) Supplementary materials (p.19: quarterly results, non-operating and extraordinary items, backlog by segment and sub-segment, R&D, depreciation and capex, balance sheet, share price); 3) Initiatives toward achieving GS2028 (p.28, Director, Representative Executive Officer and President Kunimasa Shigeno).

Layout Structure

Numbered agenda list on white with presenter names indented under each section; green photo strip with yellow square on the right edge.

Key Visual Elements

  • •numbered section list
  • •page references
  • •presenter names and titles
  • •brand photo strip
Page 3
section divider

Section Divider: Overview of Consolidated Results for Q2

Content

Opens the CFO section. Period covered: April 1, 2026 to September 30, 2026. Presenter Michiko Nakajima, Director, Executive Officer and Head of Accounting and Finance; dated November 4, 2026.

Layout Structure

Same layout as the cover: logo column on the left, green bokeh image with yellow square and white headline on the right.

Key Visual Elements

  • •green bokeh image
  • •yellow square
  • •presenter name and title
  • •reporting period
Page 4
executive summary

Key Points

Content

Q2 (H1) results: orders rose in both Control and Measurement, with Measurement growing sharply; sales increased mainly on Measurement growth and FX; operating profit declined. Control: higher sales mainly from FX, lower operating profit on a weaker gross margin and higher SG&A; Measurement: higher sales and profit. Full-year forecast revised: Control orders unchanged, sales +¥10 billion (100 億円), operating profit unchanged; Measurement orders +200 億円, sales +40 億円, operating profit +30 億円.

Layout Structure

Navy title bar with yellow accent; two underlined headed blocks (H1 results, full-year forecast) with indented bullet text.

Key Visual Elements

  • •navy header bar
  • •underlined section headings
  • •segment-level bullets
  • •forecast revision amounts
Page 5
financial summary table

Results Summary (Year on Year)

Content

H1 FY2025 vs H1 FY2026 (億円): orders 3,004 to 3,656 (+652, +21.7%, FX +265); sales 2,820 to 2,982 (+162, +5.8%, FX +208); operating profit 390 to 357 (-32, -8.4%, FX +52); ROS 13.8% to 12.0% (-1.8pt); ordinary profit 397 to 363 (-34, -8.6%); interim net profit attributable to owners 294 to 231 (-63, -21.5%). USD/JPY 146.26 to 159.90. Excluding FX: orders +387 億円 (+12.9%) on small Control projects and AI data center demand in Measurement; sales -46 億円 (-1.6%); operating profit -84 億円 (-21.6%) on a weaker Control gross margin and higher SG&A.

Layout Structure

Three diamond-bullet commentary lines above a financial table with navy row labels; the FY26 1H column is highlighted with a yellow border.

Key Visual Elements

  • •year-on-year results table
  • •highlighted current-period column
  • •FX impact column
  • •triangle markers for declines
Page 6
data visualization - waterfall chart

Operating Profit Analysis (Year on Year)

Content

Waterfall from H1 FY2025 operating profit of 390 億円: -22 lower gross profit from lower sales (ex-FX), -21 gross margin deterioration, -42 higher SG&A (mainly personnel costs), giving 306 excluding FX; +52 FX effect brings H1 FY2026 operating profit to 357. FX inset: USD 146.26 to 159.90, EUR 168.84 to 184.48.

Layout Structure

Bridge (waterfall) chart with dark-blue start and end bars, a light-blue ex-FX bar and red negative labels; FX rate table in a grey callout at upper right; final bar framed in yellow.

Key Visual Elements

  • •profit bridge chart
  • •red decrease callouts
  • •FX rate inset table
  • •yellow highlight frame
Page 7
segment analysis - stacked bar chart

Orders, Sales and Operating Profit by Segment

Content

Three-year H1 comparison (FY24 1H / FY25 1H / FY26 1H, 億円). Orders 2,910 / 3,004 / 3,656 (Control 2,731 / 2,817 / 3,173; Measurement 158 / 163 / 473). Sales 2,666 / 2,820 / 2,982 (Control 2,506 / 2,645 / 2,759; Measurement 142 / 152 / 213). Operating profit 363 / 390 / 357 (Control 339 / 361 / 298; Measurement 29 / 30 / 62). Control ex-FX: orders +139 億円 (+4.9%), sales -75 億円 (-2.8%), operating profit -103 億円 (-28.7%). Measurement ex-FX: orders +262 億円 (+161.1%), sales +43 億円 (+28.4%), operating profit +21 億円 (+70.5%).

Layout Structure

Commentary bullets on top; three side-by-side stacked bar charts (orders, sales, operating profit) with year-on-year deltas to the right; color legend pills for Control, Measurement and New businesses & others.

Key Visual Elements

  • •three stacked bar charts
  • •segment color legend
  • •year-on-year change labels
  • •highlighted FY26 1H bars
Page 8
regional breakdown table

Control Business Orders and Sales by Region

Content

Control orders H1 FY25 to H1 FY26 (億円): Japan 720 to 793 (+73); Asia 864 to 1,081 (+216), including Southeast Asia & Far East 443 to 498, China 295 to 416 (+122), India 127 to 166; Europe & CIS 274 to 290; Middle East & Africa 653 to 612 (-41); North America 209 to 288 (+79); Latin America 97 to 110; overseas 2,098 to 2,380; total 2,817 to 3,173 (+356). Control sales: Japan 697 to 658 (-39), Asia 792 to 873, Middle East & Africa 520 to 574, North America 247 to 264, total 2,645 to 2,759 (+114). Orders grew mainly in Asia, North America and Japan despite a pullback from large Middle East orders.

Layout Structure

Single commentary line above two parallel regional tables (orders left, sales right) with navy region labels and highlighted FY26 1H column.

Key Visual Elements

  • •two regional tables
  • •sub-region rows in parentheses
  • •highlighted current column
  • •FX rate footer row
Page 9
segment analysis - stacked bar chart

Control Orders and Sales by Sub-Segment

Content

Control orders (FY24 1H / FY25 1H / FY26 1H, 億円): Energy & Sustainability 1,526 / 1,639 / 1,688 (+49, +3.0%); Materials 989 / 929 / 1,216 (+287, +30.8%); Life 217 / 249 / 269 (+20, +8.2%); total 2,731 / 2,817 / 3,173 (+356, +12.6%). Control sales: Energy & Sustainability 1,264 / 1,430 / 1,518 (+88, +6.2%); Materials 1,033 / 989 / 1,005 (+16, +1.6%); Life 209 / 226 / 236 (+10, +4.4%); total 2,506 / 2,645 / 2,759 (+114, +4.3%). USD/JPY 152.40 / 146.26 / 159.90.

Layout Structure

Two stacked bar charts side by side (orders, sales) in teal, purple and orange; change and growth-rate columns to the right; FX rate chips under each bar.

Key Visual Elements

  • •teal/purple/orange stacked bars
  • •year-on-year and growth-rate columns
  • •FX rate chips
  • •yellow highlight on FY26 1H
Page 10
data visualization - column chart

Control Sub-Segment Orders by Project Size

Content

Quarterly orders from Q1 FY24 to Q2 FY26 for Energy & Sustainability, Materials and Life, each split into small and large orders. Large orders are defined as ¥300 million / US$3 million or more for E&S, ¥200 million / US$2 million for Materials and ¥100 million / US$1 million for Life, mainly CAPEX such as system installations; small orders are below those thresholds, mainly OPEX such as MRO and system upgrades. Small orders form the stable base in every sub-segment; Materials shows its highest quarter in Q2 FY26. Exact bar values are not labeled on the slide.

Layout Structure

Three quarterly column charts side by side with two-tone stacks (small vs large) and a quarterly FX row beneath; definitions footnote at the bottom.

Key Visual Elements

  • •three quarterly stacked column charts
  • •small vs large order shading
  • •quarterly FX rates
  • •order-size definition footnote
Page 11
data visualization - stacked column chart

Control Orders by Industry

Content

Quarterly orders Q1 FY25 to Q2 FY26 by industry (億円). Energy & Sustainability: Upstream 346 / 314 / 257 / 279 / 254 / 293, Downstream 283 / 280 / 267 / 287 / 346 / 246, plus Power, Renewable Energy, Water and Other E&S (Q2 FY26 Power 95, Renewable 42, Water 69, Other 96). Materials: Chemicals 225 / 242 / 217 / 290 / 256 / 275 and Mobility & Electric rising to 180 in Q2 FY26, plus Mining & Metals, Pulp & Paper and Other Materials. Life: Food & Beverage, Pharmaceutical and Other Life (Q2 FY26: 41, 26 and 66).

Layout Structure

Large stacked column chart for Energy & Sustainability on the left; smaller stacked charts for Materials (top right) and Life (bottom right), with industry labels beside the latest bar.

Key Visual Elements

  • •industry-level stacked columns
  • •inline segment values
  • •industry legend labels
  • •quarterly FX row
Page 12
data visualization - cash flow chart

Cash Flow

Content

Operating, investing and free cash flow (億円): FY24 1H 397 / -125 / 273; FY24 990 / -286 / 704; FY25 1H 358 / -114 / 244; FY25 860 / -331 / 528; FY26 1H 368 / -157 / 211.

Layout Structure

Clustered column chart with green operating CF, red investing CF below the axis and purple FCF; period labels in navy (half years) and grey (full years) boxes; FY26 1H framed in yellow.

Key Visual Elements

  • •positive and negative columns
  • •three-color legend
  • •period label boxes
  • •yellow highlight on latest half
Page 13
forecast table

FY2026 Forecast (Revised)

Content

Revised on H1 results and the outlook. FY25 actual / FY26 May 7 forecast / FY26 November 4 forecast (億円): orders 6,178 / 6,450 / 6,650 (+200 vs prior, +7.6% YoY); sales 6,048 / 6,150 / 6,290 (+140, +4.0%); operating profit 826 / 850 / 880 (+30, +6.6%); ROS 13.6% / 13.8% / 14.0%; ordinary profit 843 / 850 / 880; profit before tax 789 / 850 / 880; income taxes 209 / 265 / 275; net profit attributable to owners 581 / 585 / 605 (+20, +4.1%); EPS ¥227.72 / ¥229.75 / ¥241.80. FX assumption unchanged at ¥150.00 per US dollar (FY25 actual ¥151.17).

Layout Structure

Wide forecast table with navy row labels; columns for prior actual, original and revised forecasts, change vs prior forecast, YoY change and growth rate; revised column highlighted.

Key Visual Elements

  • •forecast comparison table
  • •highlighted revised column
  • •EPS row
  • •FX assumption row
Page 14
data visualization - waterfall chart

Operating Profit Analysis Forecast (Revised)

Content

Full-year bridge from FY25 operating profit of 826 億円: +130 higher gross profit from higher sales (ex-FX), +15 gross margin improvement, -85 higher SG&A, reaching 886 excluding FX; -6 FX effect gives the FY26 forecast of 880. FX assumptions: USD 151.17 to 150.00, EUR 175.65 to 170.00.

Layout Structure

Waterfall chart mirroring page 6: dark-blue FY25 bar, positive light-blue boxes, red negatives, light-blue ex-FX bar and yellow-framed forecast bar; FX inset at top right.

Key Visual Elements

  • •profit bridge chart
  • •positive and negative driver labels
  • •FX inset table
  • •highlighted forecast bar
Page 15
forecast - stacked bar chart

Orders, Sales and Operating Profit Forecast by Segment (Revised)

Content

FY25 / FY26 May 7 forecast / FY26 November 4 forecast (億円). Orders 6,178 / 6,450 / 6,650: Control 5,709 / 6,030 / 6,030 (unchanged), Measurement 420 / 390 / 590 (+200). Sales 6,048 / 6,150 / 6,290: Control 5,655 / 5,730 / 5,830 (+100), Measurement 340 / 390 / 430 (+40). Operating profit 826 / 850 / 880: Control 752 / 765 / 765 (unchanged), Measurement 78 / 90 / 120 (+30), New businesses & others about -4 / -5 / -5.

Layout Structure

Three stacked bar panels (orders, sales, operating profit) comparing actual, original and revised forecast, with change-vs-prior labels and a segment color legend.

Key Visual Elements

  • •three forecast bar panels
  • •change vs prior forecast labels
  • •segment legend pills
  • •yellow highlight on revised forecast
Page 16
regional forecast table

Control Orders and Sales Forecast by Region (Revised)

Content

Control FY25 actual vs FY26 forecast (億円). Orders: Japan 1,540 / 1,540; Asia 1,661 / 1,840 (+178), including Southeast Asia & Far East 810 / 850, China 555 / 630, India 297 / 360; Europe & CIS 608 / 585 (-24); Middle East & Africa 1,177 / 1,150 (-26); North America 517 / 670 (+153); Latin America 205 / 245 (+40); total 5,709 / 6,030 (+321). Sales: Japan 1,515 / 1,515; Asia 1,642 / 1,785 (+142); Europe & CIS 636 / 610; Middle East & Africa 1,153 / 1,100 (-53); North America 516 / 610 (+95); Latin America 193 / 210; total 5,655 / 5,830 (+175).

Layout Structure

Two side-by-side regional tables (orders and sales) in the same style as page 8, with the forecast column highlighted.

Key Visual Elements

  • •two regional forecast tables
  • •sub-region rows
  • •highlighted forecast column
  • •FX assumption row
Page 17
forecast - stacked bar chart

Control Orders and Sales Forecast by Sub-Segment (Revised)

Content

Control orders FY25 / May 7 forecast / November 4 forecast (億円): Energy & Sustainability 3,258 / 3,485 / 3,375 (-110); Materials 1,952 / 2,020 / 2,130 (+110); Life 499 / 525 / 525; total 5,709 / 6,030 / 6,030. Control sales: Energy & Sustainability 3,148 / 3,215 / 3,235 (+20); Materials 2,018 / 2,025 / 2,085 (+60); Life 489 / 490 / 510 (+20); total 5,655 / 5,730 / 5,830 (+100). FX assumption ¥150.00 per US dollar.

Layout Structure

Two stacked bar charts (orders, sales) with sub-segment colors and change-vs-prior column; FX chips below.

Key Visual Elements

  • •teal/purple/orange stacked bars
  • •change vs prior forecast labels
  • •FX rate chips
  • •yellow highlight on revised forecast
Page 18
shareholder returns - combo chart

Shareholder Returns

Content

Interim dividend of ¥46 per share approved, with the FY26 annual dividend forecast unchanged at ¥92 (¥46 interim + ¥46 year-end). Dividends per share rose from ¥25 (2016) to ¥30, 32, 34, 34, 34, 34, 40 (2023), 58 (2024), 78 (2025) and a forecast ¥92 (2026), under a policy of stable, continuous dividend increases. The share buyback of up to ¥30 billion (300 億円) via market purchases, from May 8 to end of September 2026, is complete. The total payout ratio line, which includes buybacks, peaks at 87.4% for 2026 (subject to change with further buybacks); the 2026 dividend payout ratio is 38.0%.

Layout Structure

Two diamond bullets on top; stacked dividend columns (interim and year-end) with an orange arrow labeled 'stable, continuous dividend increase policy'; payout ratio lines above; footnote on buyback inclusion.

Key Visual Elements

  • •stacked dividend columns
  • •orange growth arrow
  • •total and dividend payout ratio lines
  • •footnote markers
Page 19
section divider

Section Divider: Supplementary Materials

Content

Lists the appendix contents: quarterly results, non-operating and extraordinary items, backlog by segment, Control backlog by sub-segment, R&D, depreciation and capex, balance sheet, and share price.

Layout Structure

White left area with a navy bullet list; green bokeh image with yellow square on the right.

Key Visual Elements

  • •bullet list of appendix topics
  • •green bokeh image
  • •yellow square
Page 20
data visualization - quarterly trend chart

Supplementary: Quarterly Results

Content

Quarterly orders / sales / operating profit (億円). FY24: Q1 1,570 / 1,289 / 148; Q2 1,340 / 1,377 / 215; Q3 1,503 / 1,423 / 221; Q4 1,574 / 1,535 / 251. FY25: Q1 1,491 / 1,302 / 162; Q2 1,514 / 1,518 / 228; Q3 1,498 / 1,523 / 214; Q4 1,676 / 1,705 / 221. FY26: Q1 1,834 / 1,413 / 165; Q2 1,822 / 1,569 / 192. Average USD/JPY by quarter from 158.15 (Q1 FY24) to 159.36 (Q2 FY26).

Layout Structure

Ten groups of three columns (orders, sales, operating profit) across FY24 to FY26, Q2 of each year outlined with dotted yellow frames and the latest quarter with a solid yellow frame; FX row beneath.

Key Visual Elements

  • •clustered quarterly columns
  • •dotted and solid yellow frames
  • •average FX row
  • •fiscal year bands
Page 21
financial table

Supplementary: Non-Operating and Extraordinary Items

Content

H1 FY25 vs H1 FY26 (億円): operating profit 390 / 357; non-operating income 34 / 36; non-operating expenses 27 / 31; ordinary profit 397 / 363; extraordinary gains 4 / 5; extraordinary losses 22 / 16; profit before tax 379 / 352; income taxes 69 / 107; interim profit attributable to non-controlling interests 16 / 15; interim profit attributable to owners of parent 294 / 231. Effective tax burden rose from 18.3% to 30.3%, a key reason net profit fell more than operating profit.

Layout Structure

Narrow two-column table with navy row labels and the FY26 1H column outlined in yellow; tax burden ratio row below.

Key Visual Elements

  • •income statement table
  • •highlighted current column
  • •tax burden ratio row
Page 22
data visualization - stacked column chart

Supplementary: Order Backlog by Segment

Content

Backlog at each period-end rate (億円): FY24 Q4 4,282; FY25 Q2 4,509; FY25 Q4 4,662; FY26 Q2 5,272 (+610 vs FY25 Q4). FY26 Q2 split: Control Japan 1,286 (+157), Control overseas 3,611 (+206), Measurement 375 (+247), New businesses & others 1. Period-end USD/JPY 149.52, 148.88, 159.88 and 157.35.

Layout Structure

Four stacked columns in blue shades with yellow Measurement caps; change labels to the right of the latest bar; period-end FX chips below.

Key Visual Elements

  • •stacked backlog columns
  • •segment legend
  • •change labels
  • •period-end FX chips
Page 23
data visualization - stacked column chart

Supplementary: Order Backlog by Segment at FY26 Q2 Period-End Rate

Content

Same backlog restated at a constant ¥157.35 per US dollar (億円): FY24 Q4 4,493; FY25 Q2 4,686; FY25 Q4 4,622; FY26 Q2 5,272 (+651). Control overseas 3,365 / 3,505 / 3,364 / 3,611 and Control Japan 1,079 / 1,118 / 1,129 / 1,286, with Control up +404 combined; Measurement 47 / 58 / 128 / 375 (+247).

Layout Structure

Same stacked column format as page 22 with a bracket showing the combined +404 Control increase; all FX chips read 157.35.

Key Visual Elements

  • •constant-currency backlog columns
  • •bracketed Control change
  • •uniform FX chips
Page 24
data visualization - stacked column chart

Supplementary: Control Backlog by Sub-Segment

Content

Control backlog at period-end rates (億円): FY24 Q4 4,236; FY25 Q2 4,449; FY25 Q4 4,534; FY26 Q2 4,897 (+363: E&S +90, Materials +245, Life +28). At the FY26 Q2 rate of ¥157.35: 4,444 / 4,623 / 4,493 / 4,897 (+404: E&S +124, Materials +249, Life +30). FY26 Q2 split: Energy & Sustainability 3,348, Materials 1,274, Life 275.

Layout Structure

Two stacked column charts side by side (period-end rate vs constant FY26 Q2 rate), each with sub-segment colors and change labels.

Key Visual Elements

  • •paired backlog charts
  • •teal/purple/orange sub-segment colors
  • •change labels
  • •FX chips
Page 25
data visualization - clustered column chart with table

Supplementary: R&D, Depreciation and Capital Expenditure

Content

R&D expenses (億円, % of sales): FY18 262 (6.5%), FY19 276, FY20 275, FY21 285, FY22 305, FY23 324, FY24 321 (5.7%), FY25 1H 162, FY25 330 (5.5%), FY26 1H 173 (5.8%). Depreciation: FY18 177 rising to FY25 250 (4.1%); FY26 1H 133 (4.5%). Capex: FY18 150 rising to FY24 331 (5.9%) and FY25 322 (5.3%); FY26 1H 182 (6.1%). IFRS 16 (leases) applied from FY19.

Layout Structure

Clustered column chart (blue R&D, orange depreciation, green capex) above a color-coded data table with ratios; FY26 1H column outlined in yellow.

Key Visual Elements

  • •three-series column chart
  • •data table with ratios
  • •highlighted latest column
  • •IFRS 16 footnote
Page 26
data visualization - balance sheet chart

Supplementary: Balance Sheet

Content

Total assets (億円): FY24 7,183; FY25 1H 7,243; FY25 7,956; FY26 1H 7,624. FY26 1H assets: cash and deposits 1,905, notes and accounts receivable 2,462, inventories 577, other current assets 177, fixed assets 1,598, investments 904. Liabilities and equity: interest-bearing debt 242, other liabilities 2,269, capital stock 434, capital surplus 363, retained earnings and other 4,214, non-controlling interests 102. Capital surplus fell from 546 to 363 between FY25 1H and FY25.

Layout Structure

Two stacked column panels (assets, liabilities and equity) with connecting lines between periods; pastel segment colors and period-end FX rates below.

Key Visual Elements

  • •stacked balance sheet columns
  • •connector lines
  • •pastel category colors
  • •highlighted FY26 1H
Page 27
data visualization - line chart

Reference: Share Price

Content

Line chart of Yokogawa's share price versus TOPIX from March 2019 to October 23, 2026. Yokogawa: ¥2,291 (Mar-2019), ¥1,303 (Mar-2020), ¥3,494 (Mar-2024), ¥4,744 (Mar-2026), ¥5,635 (Jun-2026), ¥4,692 (Sep-2026), ¥4,527 (Oct 23, 2026). TOPIX: 1,592 (Mar-2019) to 3,966 (Oct 23, 2026). Yokogawa peaked above ¥6,000 in 2026 before pulling back.

Layout Structure

Full-width line chart (blue Yokogawa, orange TOPIX) with a compact data table underneath.

Key Visual Elements

  • •two-line price chart
  • •date-indexed data table
  • •legend
Page 28
section divider

Section Divider: Initiatives Toward Achieving GS2028

Content

Opens the CEO section of the Q2 briefing: initiatives toward the GS2028 mid-term business plan, presented by Kunimasa Shigeno, Director, Representative Executive Officer and President, on November 4, 2026.

Layout Structure

Mirrored cover layout with the logo column on the left and the green bokeh image with yellow square and white text on the right.

Key Visual Elements

  • •green bokeh image
  • •yellow square
  • •presenter name and title
Page 29
market overview

View of the Business Environment

Content

Customer investment appetite remains high on solid energy demand, but the impact of Middle East tensions needs close watching. By region: rich Middle East pipeline; competitive but active India power and petrochemical investment; active North American LNG and shale investment; weak China economy but rising semiconductor investment; limited large European projects; Southeast Asian power and water infrastructure plus CCS/CCUS; solid Japan led by energy. By industry: upstream/downstream gas demand and DX (AI, security, labor saving), active hydrogen inquiries in renewables, long-term water demand, high-performance chemicals from semiconductors and AI data centers, mining decarbonization, and growth in biopharma and food. Risks: geopolitical instability, inflation squeezing margins, sharp FX moves. Overseas sales ratio 73.7% (FY25 1H) to 76.3% (FY26 1H).

Layout Structure

Underlined two-line headline; dense region and industry text blocks with circular labels; world map with colored region bubbles; red risk star and overseas sales ratio table at lower left.

Key Visual Elements

  • •world map with region bubbles
  • •region and industry labels
  • •risk callout
  • •overseas sales ratio table
Page 30
comparison - before and after

Business Impact of the Prolonged Middle East Situation

Content

Investment appetite continues on energy demand, but normalization will take longer than assumed at the start of the year. At the FY26 start the company expected normalization in H2: Strait of Hormuz logistics recovering in stages, orders weak in H1 and recovering in H2, some sales shifting into FY27, and higher logistics and parts costs. As of November 2026 uncertainty continues: some customers have cut plant utilization or halted operations, maintenance (OPEX) demand is pushed back, some CAPEX projects are delayed but none cancelled, and the pipeline is largely unchanged. Outlook: order recovery later than first assumed, continued medium- to long-term energy investment, and active AI-led DX investment.

Layout Structure

Headline across the top; teal box (start-of-year view) and navy box (current view) joined by a yellow arrow labeled 'normalization timing assumption revised'.

Key Visual Elements

  • •two-column comparison boxes
  • •yellow transition arrow
  • •bulleted scenario text
Page 31
process / bridge explanation

Control Business Forecast Revision Points

Content

Control sales forecast raised from 573.0 billion yen (5,730 億円) by +100 億円, capturing growth opportunities. Gross profit impact: +50 億円 from higher sales offset by -50 億円 from margin deterioration (tougher competition, lower selling prices). Control operating profit forecast held at 765 億円, maintained by higher sales.

Layout Structure

Headline over a three-column flow: original forecast (grey), revised forecast (blue/green) and key points (navy), connected by chevron arrows; middle box breaks out the gross profit effects.

Key Visual Elements

  • •three-column comparison
  • •chevron arrows
  • •plus and minus gross profit boxes
  • •unchanged profit label
Page 32
case study

Expanding the Hydrogen Energy Business

Content

Memorandum with Slovenia's state transmission operator ELES and state gas transmission operator Plinovodi to develop a hydrogen ecosystem, linking power, gas and hydrogen infrastructure for energy security, using Yokogawa's digital and automation technologies. Separately, Yokogawa received an order from Kawasaki Heavy Industries for control systems for the world's largest liquefied hydrogen carrier and a hydrogen-fueled vessel, part of NEDO Green Innovation Fund projects, building on its LNG carrier control experience.

Layout Structure

Two stacked case blocks, each with a blue headline, a photo (MOU signing; hydrogen carrier rendering) and square-bullet text.

Key Visual Elements

  • •signing ceremony photo
  • •liquefied hydrogen carrier image
  • •square bullet points
  • •image credit to Kawasaki Heavy Industries
Page 33
case study

Selected as Main Automation Contractor for LNG Canada Phase 2

Content

Yokogawa was selected as Main Automation Contractor (MAC) for LNG Canada's Phase 2 expansion, which doubles LNG capacity from 14 million to 28 million tonnes per year. Scope includes control systems, safety instrumented systems, operator training simulators and cybersecurity infrastructure, reusing the Phase 1 control platform to ease expansion and reduce integration risk.

Layout Structure

Blue subheadline; aerial photo of the Kitimat, British Columbia LNG facility on the left; square-bullet text on the right; photo credit below.

Key Visual Elements

  • •aerial plant photograph
  • •bolded capacity figure
  • •square bullets
  • •photo credit
Page 34
case study

Growing CAPEX Business by Capturing India's Growth

Content

Order for 5 x 800MW large thermal power units from India's state-owned National Thermal Power Corporation (NTPC) for new ultra-supercritical coal plants at Nabinagar and Gadarwara. Contract signed with EPC contractor Larsen & Toubro; Yokogawa supplies control and safety instrumented systems, supporting India's energy infrastructure as demand rises with population and industrial growth.

Layout Structure

Blue subheadline; large photo of a coal power plant on the left (illustrative image of another NTPC plant); square-bullet text on the right.

Key Visual Elements

  • •power plant photograph
  • •square bullet points
  • •image caption
Page 35
growth driver / data visualization

Measurement Orders Stay Strong on AI Data Center Investment

Content

Large orders for optical communication test instruments, led by optical spectrum analyzers, are increasing, and demand for power and waveform measuring instruments for power supply performance evaluation is growing. Measurement business orders by half (億円): FY24 H1 158, H2 145; FY25 H1 163, H2 257; FY26 H1 473. An illustration maps Yokogawa products (optical spectrum analyzer AQ6361, multi-application test system AQ2300, power analyzer WT5000, mixed-signal oscilloscope DLM3000) to AI data center optical device and power supply unit testing.

Layout Structure

Two bullets on top; data center infographic with red-outlined Yokogawa products on the left; yellow half-year column chart with rising arrow on the right.

Key Visual Elements

  • •AI data center infographic
  • •red product callout boxes
  • •yellow column chart
  • •growth arrow
Page 36
strategy / priorities

FY26 Priority Target Areas

Content

Four focus areas: CAPEX x India (fierce competition but booming infrastructure investment; roll out the ability to win in India to other emerging markets); Measurement business x Global (strong FY25 growth proved product competitiveness; further strengthen global expansion); AI x OT (many responses to the FKDPP autonomous control case; strength in total solutions including safety and security); OPEX x Europe and Southeast Asia (large installed base with good customer relationships; value-added proposals via solutions and services).

Layout Structure

Four horizontal teal and navy banners with circular line icons along a diagonal line; bold labels on the left and two-line descriptions on the right.

Key Visual Elements

  • •four stacked banners
  • •circular icons
  • •diagonal connector line
Page 37
mission / purpose

Yokogawa's Purpose

Content

Purpose statement in Japanese and English: 'Utilizing our ability to measure and connect, we fulfill our responsibilities for the future of our planet.' Supporting text explains that measuring is Yokogawa's origin and that connecting means linking information, building trust with customers and acting as a node between companies and industries.

Layout Structure

Full-bleed dark blue image of hands holding a glowing globe network; large Japanese headline, English translation below, explanatory text on the right.

Key Visual Elements

  • •glowing globe imagery
  • •bilingual purpose statement
  • •dark blue background
Page 38
section divider

Section Divider: Reference Materials

Content

Introduces the reference section: topics, and ESG-related indexes that include Yokogawa.

Layout Structure

White area with navy text on the left; green bokeh strip with yellow square on the right.

Key Visual Elements

  • •short bullet list
  • •green bokeh strip
  • •yellow square
Page 39
timeline / news list

Reference: FY26 Topics (New Products and Solutions)

Content

April: strengthened cybersecurity for the CENTUM VP and ProSafe-RS integrated control and safety system and related software. June: enhanced OpreX Collaborative Information Server for integrated operations. July: Yokogawa Test & Measurement launched the WT1500 precision power analyzer. August: launched CT500SA and CT200SA AC/DC split-core current sensors. September: distributor agreement with French container-logistics SaaS company BuyCo for supply chain optimization in materials industries. October: launched the OpreX Gas Density Meter with a color touch panel and digital communication.

Layout Structure

Orange tab heading 'New products and solutions' over a light-blue band listing items by announcement month; website link at top right.

Key Visual Elements

  • •month labels
  • •light-blue list band
  • •orange category tab
  • •news URL
Page 40
timeline / news list

Reference: FY26 Topics (Partnerships and Acquisitions, Orders, Other)

Content

Partnerships: September MOU with ELES and Plinovodi on a hydrogen ecosystem across Slovenia; support for scaling up a tropical AI data center test facility in Singapore. Orders: September order from Kawasaki Heavy Industries for control systems for the world's largest liquefied hydrogen carrier and a hydrogen-fueled vessel. Other: June SBTi validation of its net-zero target; September publication of Yokogawa Report 2026 and Yokogawa Sustainability Report 2026.

Layout Structure

Three category bands (teal partnerships, teal orders, grey other) with month labels and short items; two report cover thumbnails at bottom right.

Key Visual Elements

  • •category tabs
  • •month labels
  • •report cover thumbnails
Page 41
credentials / ESG

Reference: ESG-Related Indexes Including Yokogawa

Content

As of October 2026 Yokogawa is included in or rated by: Dow Jones Best-in-Class Asia Pacific Index, FTSE4Good Index Series, FTSE JPX Blossom Japan Index and Sector Relative Index, MSCI Selection Indexes, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), ISS ESG Corporate Rating Prime, Sustainalytics Top-Rated ESG Regional Performer, CDP Climate Change and Water Security A List, CDP Supplier Engagement Leader, SNAM Sustainability Index, S&P/JPX Carbon Efficient Index, EcoVadis Gold, and Morningstar Japan ex-REIT Gender Diversity Tilt Index.

Layout Structure

Text list of indexes on the left; grid of index and rating logos on the right and bottom.

Key Visual Elements

  • •ESG index list
  • •index logos
  • •as-of date
Page 42
disclaimer / contact

Disclaimer and IR Contact

Content

Forward-looking statements are based on currently available information and reasonable assumptions, and actual results may differ materially; the company is not obliged to update them except as required by law; copyright belongs to the company. The deck does not reflect retrospective revisions from finalizing provisional accounting for business combinations, so there are minor differences from the earnings release (決算短信). IR contact: Yokogawa Electric Corporation, Finance & IR Department, phone 0422-52-6845, https://www.yokogawa.co.jp/about/ir/.

Layout Structure

Paragraph disclaimer with navy accent bar; light-blue contact box below.

Key Visual Elements

  • •disclaimer paragraphs
  • •contact box
  • •IR URL
Page 43
closing slide

Closing: Co-innovating Tomorrow

Content

Closing slide with the YOKOGAWA logo, the 'Co-innovating tomorrow' tagline and a trademark notice stating that corporate, product and logo names are trademarks of Yokogawa Electric Corporation and their respective holders.

Layout Structure

White left half with logo and large blue tagline; green bokeh image with yellow square on the right.

Key Visual Elements

  • •brand tagline
  • •logo
  • •green bokeh image
  • •trademark footnote

Frequently Asked Questions

Common questions about this slide and the underlying presentation content.

What does the Yokogawa Electric H1 FY2026 Earnings Presentation cover?

It is Yokogawa's 43-slide briefing on results for April 1 to September 30, 2026. It covers the results summary, an operating profit bridge, segment, regional, sub-segment and industry breakdowns, cash flow, the revised full-year forecast, shareholder returns, an appendix (quarterly results, backlog, R&D and capex, balance sheet, share price) and the CEO's update on the GS2028 mid-term plan.

What language is this deck in, and where was it published?

The original is in Japanese. It is Yokogawa's earnings briefing material (決算説明会資料) for Q2 of the fiscal year ending March 2027, dated November 4, 2026 and released on TDnet, the Tokyo Stock Exchange's timely disclosure system. This page summarizes every slide in English, and the downloadable PDF is the original Japanese file.

Why is it called FY2026 if the fiscal year ends in March 2027?

Yokogawa's fiscal year runs from April to March. In Japanese the period is written 2027年3月期 (fiscal year ending March 2027), while the deck's own charts label it FY26. So H1 FY2026 means April to September 2026, and the 'Q2 earnings briefing' title refers to the cumulative first half.

What were the headline H1 FY2026 numbers?

Orders were ¥365.6 billion (3,656 億円, +21.7%), sales ¥298.2 billion (2,982 億円, +5.8%), operating profit ¥35.7 billion (357 億円, -8.4%) and net profit attributable to owners ¥23.1 billion (231 億円, -21.5%). The yen averaged ¥159.90 per US dollar, versus ¥146.26 a year earlier. Excluding FX, sales fell 1.6% and operating profit fell 21.6%.

How did Yokogawa revise its full-year forecast?

The November 4 forecast raises orders to 6,650 億円 (+200), sales to 6,290 億円 (+140), operating profit to 880 億円 (+30) and net profit to 605 億円 (+20), with EPS of ¥241.80. Measurement drives the increase. Control sales go up by 100 億円 but its operating profit stays at 765 億円, because the company expects weaker gross margins.

Why did Measurement orders nearly triple?

Investment in AI data centers drove large orders for optical communication test equipment, especially optical spectrum analyzers, and for power and waveform analyzers that test power supplies. Measurement orders reached 473 億円 in H1 FY2026, up from 163 億円 a year earlier.

Can I download this deck or use it as a presentation template?

Yes. The original PDF can be downloaded from this page. Its navy-and-yellow design, waterfall bridges, stacked segment bars, regional tables and backlog charts are a good model for a quarterly earnings deck. With 2Slides you can build a similar deck around your own numbers and replace Yokogawa's data and branding.

Sources & further reading

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