Earnings quality
Compare earnings and operating cash flow for earnings quality.
Yokogawa Electric Corporation
Ticker 6841 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-18 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 13.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin13.6%
Equity ratio—
Last priceJPY 4,636
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
横河電機株式会社 is a Japanese listed company. Its reportable segments include Industrial Automation And Control, Test And Measurement, New Bussinesses Other, Description Of.
- Industrial Automation And Control
- Test And Measurement
- New Bussinesses Other
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Industrial Automation And Control · Test And Measurement · New Bussinesses Other · Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Compare trends
No phone/email found in this filing · Filing date 2026-06-18
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥562.4B | ¥604.8B |
| Cost of sales* | ¥295.0B | ¥328.4B |
| Gross profit | ¥267.4B | ¥276.4B |
| Operating profit (loss) | ¥83.5B | ¥82.6B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥23.3B | ¥18.0B |
| Profit (loss) | ¥55.2B | ¥61.0B |
| Profit (loss) attributable to owners | ¥52.1B | ¥58.1B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥179.3B | ¥208.5B |
| Current assets | ¥496.3B | ¥551.6B |
| Non-current assets | ¥222.0B | ¥244.0B |
| Total assets | ¥718.3B | ¥795.6B |
| Short-term borrowings | ¥327.0M | ¥24.3B |
| Current liabilities | ¥197.8B | ¥241.4B |
| Non-current liabilities* | ¥44.8B | ¥24.4B |
| Total liabilities | ¥242.6B | ¥265.7B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥99.0B | ¥86.0B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥26.2B | -¥35.2B |
| Net increase (decrease) in cash | ¥44.8B | ¥29.3B |
| Cash at end of period | ¥179.3B | ¥208.5B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥389.9B | ¥456.5B | ¥540.2B | ¥562.4B | ¥604.8B | |
| Operating profit | ¥35.7B | ¥48.6B | ¥84.1B | ¥85.4B | ¥84.3B | |
| Profit to owners | — | — | — | ¥52.1B | ¥58.1B | |
| Total assets | ¥556.0B | ¥618.6B | ¥672.9B | ¥718.3B | ¥795.6B | |
| Cash & equivalents | — | — | ¥134.4B | ¥179.3B | ¥208.5B | |
| Owners’ equity | ¥340.3B | ¥386.8B | ¥444.8B | ¥475.7B | ¥529.9B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥562.4B to ¥604.8B (▲ +7.5%), so the top line did not break. Gross profit only slipped from ¥267.4B to ¥276.4B, while operating profit swung from ¥83.5B to ¥82.6B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥86.0B (prior ¥99.0B), and cash on the balance sheet rose to ¥208.5B from ¥179.3B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥265.7B while owners’ equity fell to —. ROE moved from 11.5% to 11.8%, and the equity ratio from 65.1% to 65.4%. Employee count is 18,313 vs 17,670 a year earlier.
Liquidity & leverage
Short-term borrowings jumped from ¥327.0M to ¥24.3B; watch refinancing and working-capital pressure even with a larger cash balance.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YE3H
(横河電機株式会社), period end 2026-03-31.