Interim report
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 1 - Consolidated Financial Results for the Three Months Ended June 30, 2026 (Japan GAAP) August 4, 2026 Name of Listed Company: Yokogawa Electric Corporation (the “Company” herein) Stock Exchanges Where the Company’s Shares Are Listed: Tokyo Stock Exchange Securities Code: 6841 URL https://www.yokogawa.com/ Name and Position of the Representative: Kunimasa Shig eno, President & CEO, Representative Executive Officer Name and Position of Person in Charge: Hirohiko Nakatani, Depa rtment Manager of Treasury & IR Department Telephone Number: +81-422-52-6845 Planned Dividend Payment Starting Date: – Financial Results Supplemental Materials: Yes Financial Results Presentation Meeting: Yes (for institutional investors) (Any amount less than one million yen is disregarded.) 1. Consolidated Business Results for the Three Months Ended June 30, 2026 (April 1-June 30, 2026) (1) Results of Operations on a C onsolidated Basis (accumulated) (Percentages show the change from the same period of the previous year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % For three months ended June 30, 2026 141,348 8.6 16,491 1.8 16,878 8.1 12,217 (19.4) For three months ended June 30, 2025 130,211 1.0 16,202 9.3 15,609 (8.9) 15,153 50.7 (Note) Comprehensive income For three months ended June 30, 2026 18,817 million yen [23.0%] For three months ended June 30, 2025 15,299 million yen [(34.3)%] Basic earnings per share Diluted earnings per share Yen Yen For three months ended June 30, 2026 48.27 – For three months ended June 30, 2025 59.08 – (2) Financial Conditions on a Consolidated Basis Total assets Net assets Shareholders’ equity ratio Millions of yen Millions of yen % As of June 30, 2026 773,437 516,745 65.4 As of March 31, 2026 795,618 529,894 65.4 (Reference) Shareholders’ equity: As of June 30, 2026: 505,956 million ye n As of March 31, 2 026: 520,016 million yen 2. Dividend Status Dividends per share June 30 September 30 December 31 End of period Total Yen Yen Yen Yen Yen For year ended March 31, 2026 – 32.00 – 46.00 78.00 For year ending March 31, 2027 – For year ending March 31, 2027 (forecast) 46.00 – 46.00 92.00 (Note) Revisions to dividend forecast in this quarter: No
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 2 - 3. Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026-March 31, 2027) (Percentages show the change from the previous year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % M illions of yen % Millions of yen % Yen Full year 615,000 1.7 85,000 3.0 85,000 0.9 58,500 0.7 229.75 (Note) Revisions to consolidated bus iness forecast in this quarter: No <Notes> (1) Significant changes in range of consolidation during the period: No (2) Application of special me thods for consolidated quarterly financial statements: No (3) Changes in accounting policies, changes in accounting estimates, and restatements a. Changes in accounting policies accompanying revision of accounting standards: No b. Changes in accounting policies other than (a) above: No c. Changes in accounting estimates: No d. Restatements: No (4) Number of shares issued (common stock) a. Number of shares outstanding at the end of the period (including treasury shares) As of June 30, 2026 257,201,210 shares As of March 31, 2026 257,201,210 shares b. Number of treasury shares at the end of the period As of June 30, 2026 6,633,848 shares As of March 31, 2026 2,572,843 shares c. Average number of shares in the period (accumulated quarterly period) For the three months ended June 30, 2026 253,121,057 shares For the three months ended June 30, 2025 256,469,878 shares Review of the Japanese-language original s of the attached consolid ated quarterly financial st atements by certified public accountants or an audit corporation: Yes (voluntary) Note concerning appropriate use of business forecasts, etc. The above forecasts are based on the information that was available at the time this document was released and involve assumptions regarding uncertain factors that may have an effect on future performance. Actual performance may vary greatly due to a variety of factors. For premises underlying the assumptions for business forecasts and cautions concerning the use of business forecast s, please refer to “1. Overview of Business Results and Others (3) Explanation of Consolidated Business Forecast and Other Expectations” on page 5. The Company plans to hold a quarterly financial results presen tation meeting for institutional investors via web conference on August 4, 2026. The Company also plans to promptly post to its website the materials that are used at the meeting.
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 3 - Attachment Contents 1. Overview of Business Results and Others (1) Overview of Business Results for the Period Under Review ........................................................................ - 4 - (2) Overview of Financial Conditions for the Period Under Review .................................................................. - 4 - (3) Explanation of Consolid ated Business Forecast and Other Expectations ..................................................... - 5 - 2. Consolidated Quarterly Financial Statements (1) Consolidated Quarterly Balance Sheets ..................................................................................... ........... - 6 - (2) Consolidated Quarterly Statements of Income and Statements of Comprehensive Income Consolidated Quarterly Statements of Income ..................................................................................... - 8 - Consolidated Quarterly Statements of Comprehensive Income ........................................................... - 9 - (3) Notes on Consolidated Quarterly Financial Statements Notes on Segment Information ........................................................................................................... - 10 - Notes If There Is a Remarkable Change in the Amount of Shareholders’ Equity ............................... - 10 - Notes for Going Concern .................................................................................................................... - 10 - Notes on Consolidated Quarterly Statements of Cash Flows ............................................................. - 10 - [Reference] Consolidated Financial Statements for the Three Months Ended June 30, 2026 ........................................... - 11 -
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 4 - 1. Overview of Business Results and Others (1) Overview of Business Results for the Period Under Review For the three months ended June 30, 2026 (April 1, 2026 to June 30, 2026), in accordance with the medium-term business plan, “Growth for Sustainability 2028 (GS2028),” the Group is working to realize Creating Shared Value (CSV) management, which aims to sustainably enhance corporate value while benefitting both society and the environment through our business. In terms of the Group’s business performance during the three m onths ended June 30, 2026, net sa les increased by 11.1 billion yen year on year, mainly due to the impact of foreign exchange fluctuations. Operating profit remained roughly at the same level as the previous fiscal year mainly due to an increase in selling, general and administrative expenses. Ordinary profit increased by 1.2 billion yen year on year, while profit attributable to owners of parent decreased by 2.9 billion yen year on year mainly due to a reactionary effect of the decrease in income taxes - deferred recorded in the same period of the previous fiscal year. Business results are as follows. Unit: billions of yen Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Change Net sales 130.211 141.348 11.137 8.6% Operating profit 16.202 16.491 0.289 1.8% Ordinary profit 15.609 16.878 1.268 8.1% Profit attributable to owners of parent 15.153 12.217 (2.935) (19.4)% (Reference) Average rate to 1 U.S. dollar (Yen) 144.11 160.44 16.33 – Results by individual segment are outlined below. <Industrial Automation and Control Business> Unit: billions of yen Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Change Net sales 121.911 131.391 9.480 7.8% Operating profit 14.671 14.151 (0.519) (3.5)% <Measuring Instruments Business> Unit: billions of yen Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Change Net sales 7.225 9.430 2.204 30.5% Operating profit 1.468 2.403 0.934 63.6% <New Businesses and Others> Unit: billions of yen Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Change Net sales 1.074 0.526 (0.548) (51.0)% Operating profit 0.061 (0.062) (0.124) – (2) Overview of Financial Conditions for the Period Under Review In comparison to March 31, 2026, total assets as of June 30, 2026 were down 22.1 billion yen to 773.4 billion yen, mainly due to a decrease in cash and deposits attributable to purchase of treasury shares. In addition, total liabilities were 256.6 billion yen, down 9.0 billion yen compar ed to March 31, 2026, mainly due to a decreas e in provision for bonuses. As of June 30, 2026, net assets were 516. 7 billion yen, down 13.1 billion yen compar ed to March 31, 2026, mainly due to a decrease attributable to purchase of treasury shares. As a result, the shareholders’ equity ratio was 65.4%, up 0.1 percentage points from the end of the previous fiscal year.
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 5 - (3) Explanation of Consolidated Business Forecast and Other Expectations The Group’s consolidated business forecast for the fiscal year ending March 31, 2027 is unchanged from the full-year forecast announced on May 7, 2026. The operating results forecast assumes a foreign exchange rate of 1 USD=150 yen. For the current consolidated business forecasts by segment, please see page 11. <Cautions Concerning the Use of Business Forecasts> As the above business forecast is based on certain assumptions judged by the Company to be reasonable at present, actual business results may differ. The main factors that may cause changes in the results are as follows. - Changes in foreign exchange rates, particularly the U.S. dollar, the euro, Asian currencies, and the currencies of the Middle East - Sudden changes in the price of crude oil - Sudden changes in the political and economic situation in major markets - Geopolitical risks in the Middle East and East Asia, etc. - Changes in the business environment such as revisions to trade regulations - Dramatic shifts in product supply and demand in the market - Changes in Japanese share prices - Protection of the Company’s patents and securement of the licensing of patents held by other companies - M&A and business alliances with other companies for purposes such as product development - Occurrences of natural disasters such as earthquakes, floods, and tsunamis
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 6 - 2. Consolidated Quarterly Financial Statements (1) Consolidated Quarterly Balance Sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 217,549 195,778 Notes and accounts receivable - trade, and contract assets 260,302 242,911 Merchandise and finished goods 21,492 24,116 Work in process 6,619 8,183 Raw materials and supplies 24,533 24,289 Other 27,368 33,112 Allowance for doubtful accounts (6,271) (6,324) Total current assets 551,595 522,068 Non-current assets Property, plant and equipment Buildings and structures, net 43,842 43,275 Other 48,152 52,134 Total property, plant and equipment 91,995 95,409 Intangible assets Software 21,604 21,423 Goodwill 12,987 12,441 Other 29,402 31,421 Total intangible assets 63,993 65,285 Investments and other assets Investment securities 70,796 72,844 Other 18,000 18,635 Allowance for doubtful accounts (763) (805) Total investments and other assets 88,033 90,673 Total non-current assets 244,022 251,368 Total assets 795,618 773,437
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 7 - (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 41,446 32,328 Electronically recorded obligations - operating 5,918 6,752 Short-term borrowings 24,318 24,178 Accounts payable - other 20,952 25,645 Income taxes payable 11,741 9,317 Contract liabilities 63,667 68,486 Provision for bonuses 23,788 13,624 Provision for loss on construction contracts 12,869 14,491 Other 36,668 35,316 Total current liabilities 241,370 230,142 Non-current liabilities Long-term borrowings 18 16 Retirement benefit liability 9,310 9,672 Other 15,023 16,860 Total non-current liabilities 24,352 26,549 Total liabilities 265,723 256,691 Net assets Shareholders’ equity Share capital 43,401 43,401 Capital surplus 36,305 36,305 Retained earnings 373,700 374,205 Treasury shares (6,668) (26,862) Total shareholders’ equity 446,738 427,049 Accumulated other comprehensive income Valuation difference on available-for-sale securities 26,071 27,464 Deferred gains or losses on hedges 61 116 Foreign currency translation adjustment 47,019 51,198 Remeasurements of defined benefit plans 126 127 Total accumulated other comprehensive income 73,278 78,906 Non-controlling interests 9,878 10,788 Total net assets 529,894 516,745 Total liabilities and net assets 795,618 773,437
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 8 - (2) Consolidated Quarterly Statements of Income and Statements of Comprehensive Income Consolidated Quarterly Statements of Income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 130,211 141,348 Cost of sales 68,789 73,932 Gross profit 61,422 67,416 Selling, general and administrative expenses 45,220 50,925 Operating profit 16,202 16,491 Non-operating income Interest income 734 786 Dividend income 565 763 Share of profit of entities accounted for using equity method 303 311 Other 251 234 Total non-operating income 1,854 2,096 Non-operating expenses Interest expenses 330 292 Donations 153 190 Foreign exchange losses 1,638 937 Other 324 289 Total non-operating expenses 2,447 1,709 Ordinary profit 15,609 16,878 Extraordinary income Gain on sale of non-current assets 6 3 Gain on sale of investment securities 87 0 Gain on step acquisitions 176 – Total extraordinary income 270 3 Extraordinary losses Loss on sale of non-current assets 1 1 Loss on retirement of non-current assets 20 27 Impairment losses 30 – Loss on valuation of investment securities 17 71 Total extraordinary losses 69 100 Profit before income taxes 15,810 16,781 Income taxes - current 4,295 5,230 Income taxes - deferred (4,460) (1,440) Total income taxes (165) 3,789 Profit 15,976 12,992 Profit attributable to non-controlling interests 823 774 Profit attributable to owners of parent 15,153 12,217
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 9 - Consolidated Quarterly Statements of Comprehensive Income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 15,976 12,992 Other comprehensive income Valuation difference on available-for-sale securities 863 1,403 Deferred gains or losses on hedges (120) 55 Foreign currency translation adjustment (1,176) 4,324 Remeasurements of defined benefit plans, net of tax (7) 1 Share of other comprehensive income of entities accounted for using equity method (235) 41 Total other comprehensive income (676) 5,825 Comprehensive income 15,299 18,817 Comprehensive income attributable to Comprehensive income attributable to owners of parent 14,583 17,846 Comprehensive income attributable to non-controlling interests 715 971
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 10 - (3) Notes on Consolidated Quar terly Financial Statements Notes on Segment Information Segment Information I Three Months Ended June 30, 2025 (April 1-June 30, 2025) 1. Sales and Profits (Losses) by Reporting Segment (Millions of yen) Reporting segments Adjustment Amount on consolidated quarterly statements of income Industrial automation and control Measuring instruments New businesses and others Total Net sales Net sales to unaffiliated customers 121,911 7,225 1,074 130,211 – 130,211 Intersegment net sales or transfers – – – – – – Total 121,911 7,225 1,074 130,211 – 130,211 Segment profit 14,671 1,468 61 16,202 – 16,202 (Note) The profit of each reporting segment is its operating profit. II Three Months Ended June 30, 2026 (April 1-June 30, 2026) 1. Sales and Profits (Losses) by Reporting Segment (Millions of yen) Reporting segments Adjustment Amount on consolidated quarterly statements of income Industrial automation and control Measuring instruments New businesses and others Total Net sales Net sales to unaffiliated customers 131,391 9,430 526 141,348 – 141,348 Intersegment net sales or transfers – – – – – – Total 131,391 9,430 526 141,348 – 141,348 Segment profit (loss) 14,151 2,403 (62) 16,491 – 16,491 (Note) The profit or loss of each reporti ng segment is its operating profit or loss. Notes If There Is a Remarkable Change in the Amount of Shareholders’ Equity The Company acquired 4,060,700 shares of its own shares during the three months ended June 30, 2026 in accordance with a resolution of the Board of Directors meeting held on May 7, 2026. As a result, treasury shar es increased by 20,191 million yen, and the amount and number of treasury shares as of June 30, 2026 were 26,862 million yen and 6,633,848 shares, including shares less than one unit acquired through purchase requests. Notes for Going Concern Not applicable Notes on Consolidated Quarterly Statements of Cash Flows Consolidated quarterly statements of cash flows have not been prepared for the three months ended June 30, 2026. Depreciation (including amortization related to intangible a ssets excluding goodwill) and amortization of goodwill for the three months ended June 30, 2025 and 2026 are as follows. (Millions of yen) Three months ended June 30, 2025 (April 1-June 30, 2025) Three months ended June 30, 2026 (April 1-June 30, 2026) Depreciation 5,427 5,893 Amortization of goodwill 347 695
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Consolidated Financial Results for the Three Months Ended June 30, 2026 Yokogawa Electric Corporation (6841) - 11 - [Reference] August 4, 2026 Yokogawa Electric Corporation Consolidated Financial Statements for the Three Months Ended June 30, 2026 (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change Amount Ratio to net sales Amount Ratio to net sales Amount Ratio to net sales Net sales 130,211 – 141,348 – 11,137 – Operating profit 16,202 12.4% 16,491 11.7% 289 (0.8)% Ordinary profit 15,609 12.0% 16,878 11.9% 1,268 (0.0)% Profit attributable to owners of parent 15,153 11.6% 12,217 8.6% (2,935) (3.0)% Total assets 701,800 773,437 71,636 Net assets 472,256 516,745 44,488 Return on equity 3.3% 2.4% (0.9)% Basic earnings per share 59.08 yen 48.27 yen (10.81) yen Capital investment 6,055 10,612 4,557 Depreciation 5,775 6,589 813 Research and development expenses 7,865 8,253 387 Average exchange rate during the period (USD) 144.11 yen 160.44 yen 16.33 yen Orders received (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 FY2026 full year (forecast) Industrial automation and control business 139,333 153,549 603,000 Measuring instruments business 8,397 29,273 39,000 New businesses and others 1,325 623 3,000 Total 149,056 183,446 645,000 Net sales (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 FY2026 full year (forecast) Industrial automation and control business 121,911 131,391 573,000 Measuring instruments business 7,225 9,430 39,000 New businesses and others 1,074 526 3,000 Total 130,211 141,348 615,000 Operating profit (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 FY2026 full year (forecast) Industrial automation and control business 14,671 14,151 76,500 Measuring instruments business 1,468 2,403 9,000 New businesses and others 61 (62) (500) Total 16,202 16,491 85,000