View ValuationYokogawa Electric 将来の成長Future 基準チェック /26Yokogawa Electric利益と収益がそれぞれ年間9.4%と4.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に13.3% 9.7%なると予測されています。主要情報9.4%収益成長率9.66%EPS成長率Electronic 収益成長12.3%収益成長率4.4%将来の株主資本利益率13.25%アナリストカバレッジGood最終更新日28 May 2026今後の成長に関する最新情報分析記事 • May 09Yokogawa Electric Corporation (TSE:6841) Yearly Results: Here's What Analysts Are Forecasting For This YearShareholders might have noticed that Yokogawa Electric Corporation ( TSE:6841 ) filed its yearly result this time last...Price Target Changed • Feb 25Price target increased by 8.2% to JP¥5,791Up from JP¥5,351, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥6,014. Stock is up 109% over the past year. The company is forecast to post earnings per share of JP¥232 for next year compared to JP¥200 last year.Price Target Changed • Dec 22Price target increased by 8.4% to JP¥5,121Up from JP¥4,723, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥5,002. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥227 for next year compared to JP¥200 last year.Price Target Changed • Nov 20Price target increased by 7.8% to JP¥5,009Up from JP¥4,648, the current price target is an average from 8 analysts. New target price is 5.8% above last closing price of JP¥4,735. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥200 last year.お知らせ • Nov 05Yokogawa Electric Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Yokogawa Electric Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects Net sales of JPY 577.0 billion, Operating profit of JPY 83.0 billion, Profit attributable to owners of parent of JPY 54.5 billion and Basic earnings per share of JPY 213.56 against previous guidance of Net sales of JPY 560.0 billion, Operating profit of JPY 80.0 billion, Profit attributable to owners of parent of JPY 52.5 billion and Basic earnings per share of JPY 202.81.Price Target Changed • Jul 05Price target increased by 7.0% to JP¥4,267Up from JP¥3,986, the current price target is an average from 6 analysts. New target price is 8.1% above last closing price of JP¥3,947. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥235 last year.すべての更新を表示Recent updates分析記事 • May 09Yokogawa Electric Corporation (TSE:6841) Yearly Results: Here's What Analysts Are Forecasting For This YearShareholders might have noticed that Yokogawa Electric Corporation ( TSE:6841 ) filed its yearly result this time last...お知らせ • May 08Yokogawa Electric Corporation (TSE:6841) announces an Equity Buyback for 9,000,000 shares, representing 3.53% for ¥30,000 million.Yokogawa Electric Corporation (TSE:6841) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 3.53% of the outstanding shares for ¥30,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, while also promoting initiatives that enable the implementation of flexible capital policies that respond to changes in the business environment. The program will run until September 30, 2026. As of March 31, 2026, the company had 254,628,367 shares outstanding and 2,572,843 shares in treasury.Reported Earnings • May 08Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥228 (up from JP¥200 in FY 2025). Revenue: JP¥604.8b (up 7.5% from FY 2025). Net income: JP¥58.1b (up 12% from FY 2025). Profit margin: 9.6% (in line with FY 2025). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 07Yokogawa Electric Corporation, Annual General Meeting, Jun 23, 2026Yokogawa Electric Corporation, Annual General Meeting, Jun 23, 2026.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥5,635, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,821 per share.お知らせ • Apr 01Yokogawa Electric Corporation to Report Fiscal Year 2026 Results on May 07, 2026Yokogawa Electric Corporation announced that they will report fiscal year 2026 results at 5:30 PM, Tokyo Standard Time on May 07, 2026New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Upcoming Dividend • Mar 23Upcoming dividend of JP¥46.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥6,154, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,799 per share.Price Target Changed • Feb 25Price target increased by 8.2% to JP¥5,791Up from JP¥5,351, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥6,014. Stock is up 109% over the past year. The company is forecast to post earnings per share of JP¥232 for next year compared to JP¥200 last year.分析記事 • Feb 05Yokogawa Electric's (TSE:6841) Dividend Will Be Increased To ¥46.00Yokogawa Electric Corporation ( TSE:6841 ) will increase its dividend from last year's comparable payment on the 22nd...お知らせ • Feb 05+ 1 more updateYokogawa Electric Corporation Provides Dividend Guidance for Year Ending March 31, 2026Yokogawa Electric Corporation provided dividend guidance of JPY 46.00 per share for year ending March 31, 2026 as compared to JPY 29.00 per share paid a year ago.Reported Earnings • Feb 04Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: JP¥60.72 (up from JP¥54.29 in 3Q 2025). Revenue: JP¥152.3b (up 7.0% from 3Q 2025). Net income: JP¥15.5b (up 9.5% from 3Q 2025). Profit margin: 10% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Dec 22Price target increased by 8.4% to JP¥5,121Up from JP¥4,723, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥5,002. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥227 for next year compared to JP¥200 last year.分析記事 • Dec 22Returns On Capital Are Showing Encouraging Signs At Yokogawa Electric (TSE:6841)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...分析記事 • Dec 07Yokogawa Electric (TSE:6841) Will Pay A Dividend Of ¥32.00The board of Yokogawa Electric Corporation ( TSE:6841 ) has announced that it will pay a dividend of ¥32.00 per share...Declared Dividend • Dec 06First half dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 04Yokogawa Electric Corporation to Report Q3, 2026 Results on Feb 03, 2026Yokogawa Electric Corporation announced that they will report Q3, 2026 results on Feb 03, 2026分析記事 • Nov 29These 4 Measures Indicate That Yokogawa Electric (TSE:6841) Is Using Debt SafelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Nov 20Price target increased by 7.8% to JP¥5,009Up from JP¥4,648, the current price target is an average from 8 analysts. New target price is 5.8% above last closing price of JP¥4,735. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥200 last year.Buy Or Sell Opportunity • Nov 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.3% to JP¥4,700. The fair value is estimated to be JP¥3,898, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period.分析記事 • Nov 11Yokogawa Electric's (TSE:6841) Earnings Seem To Be PromisingThe market seemed underwhelmed by last week's earnings announcement from Yokogawa Electric Corporation ( TSE:6841...お知らせ • Nov 05Yokogawa Electric Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Yokogawa Electric Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects Net sales of JPY 577.0 billion, Operating profit of JPY 83.0 billion, Profit attributable to owners of parent of JPY 54.5 billion and Basic earnings per share of JPY 213.56 against previous guidance of Net sales of JPY 560.0 billion, Operating profit of JPY 80.0 billion, Profit attributable to owners of parent of JPY 52.5 billion and Basic earnings per share of JPY 202.81.Reported Earnings • Nov 05Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥55.78 (down from JP¥55.80 in 2Q 2025). Revenue: JP¥151.8b (up 10% from 2Q 2025). Net income: JP¥14.2b (down 2.1% from 2Q 2025). Profit margin: 9.4% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 01Yokogawa Electric Corporation (TSE:6841) acquired Intellisync S.R.L.Yokogawa Electric Corporation (TSE:6841) acquired Intellisync S.R.L. on October 31, 2025. In related transaction, Yokogawa Electric Corporation (TSE:6841) acquired WiSNAM. Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Intellisync S.R.L. on October 31, 2025.Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥4,674. The fair value is estimated to be JP¥3,883, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.お知らせ • Sep 30Yokogawa Electric Corporation to Report Q2, 2026 Results on Nov 04, 2025Yokogawa Electric Corporation announced that they will report Q2, 2026 results on Nov 04, 2025Upcoming Dividend • Sep 22Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%).Reported Earnings • Aug 06First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥59.08 (up from JP¥38.65 in 1Q 2025). Revenue: JP¥130.2b (up 1.0% from 1Q 2025). Net income: JP¥15.2b (up 51% from 1Q 2025). Profit margin: 12% (up from 7.8% in 1Q 2025). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 45%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year.分析記事 • Jul 24Yokogawa Electric (TSE:6841) Is Increasing Its Dividend To ¥32.00Yokogawa Electric Corporation's ( TSE:6841 ) dividend will be increasing from last year's payment of the same period to...分析記事 • Jul 10Yokogawa Electric (TSE:6841) Will Pay A Larger Dividend Than Last Year At ¥32.00Yokogawa Electric Corporation ( TSE:6841 ) will increase its dividend from last year's comparable payment on the 8th of...Declared Dividend • Jul 09Final dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 24Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥200 (down from JP¥235 in FY 2024). Revenue: JP¥562.4b (up 4.1% from FY 2024). Net income: JP¥52.1b (down 16% from FY 2024). Profit margin: 9.3% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 18Yokogawa Electric Corporation to Report Q1, 2026 Results on Aug 05, 2025Yokogawa Electric Corporation announced that they will report Q1, 2026 results on Aug 05, 2025分析記事 • Jun 10Risks To Shareholder Returns Are Elevated At These Prices For Yokogawa Electric Corporation (TSE:6841)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider...お知らせ • Jun 03Yokogawa Electric Corporation Announces Release of Next-Generation of the Centum VP Integrated Production Control SystemYokogawa Electric Corporation announced the unveiling of the next-generation Release 7 concept and the launch of Release 7.01 of the CENTUMTM VP integrated production control system, a core product in the OpreXTM Control and Safety System lineup. This is the 10th generation of the CENTUM series, and its release coincides with the 50th anniversary of the announcement of CENTUM as the world's first distributed control system (DCS), on June 19, 1975. In addition to the dynamic changes in supply chains over recent years, countries have been strengthening regulations in response to a growing awareness of the need to protect the environment. Main Features of Release 7.01: To achieve autonomous operations, it is essential to leverage AI while ensuring safety and security. Release 7.01 helps to establish the necessary foundation for this goal. The key features are as follows. Enhanced security: To achieve data-driven operations, it is crucial to ensure the security of critical infrastructure. This release adopts industry security benchmarks to strengthen the cybersecurity of the components that make up control systems and enhance the overall security level of the system. Expansion of control and monitoring scope with CENTUM: By integrating OPC Unified Architecture (OPC UA) connectivity, the range of plant equipment and devices that can be controlled and monitored by CENTUM is expanded. OPC UA is a platform-independent standard that enables data exchange between devices from different manufacturers in the industrial automation field. In this update, OPC UA client functionality has been added to CENTUM. Enhanced engineering capabilities for large-scale projects: To promote operational optimization by integrating various systems within the plant, a feature has been added that allows the merging and testing of multiple engineering databases related to CENTUM. By realizing stable operations and expanding the scope of autonomy, CENTUM VP release 7 will help customers achieve a more sustainable society and sustainable business growth.Buy Or Sell Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock has risen 16% to JP¥3,300. The fair value is estimated to be JP¥4,156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period.Reported Earnings • May 08Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥200 (down from JP¥235 in FY 2024). Revenue: JP¥562.4b (up 4.1% from FY 2024). Net income: JP¥52.1b (down 16% from FY 2024). Profit margin: 9.3% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 07Yokogawa Electric Corporation, Annual General Meeting, Jun 19, 2025Yokogawa Electric Corporation, Annual General Meeting, Jun 19, 2025.お知らせ • Apr 23Yokogawa Electric Corporation (TSE:6841) agreed to acquire Web Synergies Pte LtdYokogawa Electric Corporation (TSE:6841) agreed to acquire Web Synergies Pte Ltd on April 23, 2025. The expected completion of the transaction is in early May, 2025.Buy Or Sell Opportunity • Apr 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥2,959. The fair value is estimated to be JP¥3,744, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).New Risk • Mar 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (8.7% net profit margin).お知らせ • Mar 07Yokogawa Electric Corporation Announces Resignation of Tsuyoshi Abe as Senior Vice President & Executive Officer, Effective March 10, 2025Yokogawa Electric Corporation announced that the resignation of Tsuyoshi Abe as Senior Vice President & Executive Officer with effect from March 10, 2025. Resignation is due to personal reasons.お知らせ • Mar 05Yokogawa Electric Corporation to Report Fiscal Year 2025 Results on May 07, 2025Yokogawa Electric Corporation announced that they will report fiscal year 2025 results on May 07, 2025お知らせ • Mar 04Yokogawa Electric Corporation (TSE:6841) announces an Equity Buyback for 12,000,000 shares, representing 4.61% for ¥20,000 million.Yokogawa Electric Corporation (TSE:6841) announces a share repurchase program. Under the program, the company will repurchase 12,000,000 shares, representing 4.61% of the outstanding shares for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, while also promoting initiatives that enable the implementation of flexible capital policies that respond to changes in the business environment. The program will run until December 31, 2025. As of February 28, 2025, the company had 260,215,902 shares outstanding and 8,408,608 shares in treasury.New Risk • Feb 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 05Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: JP¥54.29 (down from JP¥65.30 in 3Q 2024). Revenue: JP¥142.3b (up 2.7% from 3Q 2024). Net income: JP¥14.1b (down 17% from 3Q 2024). Profit margin: 9.9% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Dec 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.3% to JP¥3,434. The fair value is estimated to be JP¥4,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.Declared Dividend • Dec 07First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 04Yokogawa Electric Corporation to Report Q3, 2025 Results on Feb 04, 2025Yokogawa Electric Corporation announced that they will report Q3, 2025 results on Feb 04, 2025Buy Or Sell Opportunity • Nov 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.0% to JP¥3,445. The fair value is estimated to be JP¥4,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.Reported Earnings • Nov 07Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: JP¥55.80 (up from JP¥39.52 in 2Q 2024). Revenue: JP¥137.7b (up 1.3% from 2Q 2024). Net income: JP¥14.5b (up 40% from 2Q 2024). Profit margin: 11% (up from 7.6% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Oct 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to JP¥3,516. The fair value is estimated to be JP¥4,414, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.Upcoming Dividend • Sep 20Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.5%).お知らせ • Aug 30Yokogawa Electric Corporation to Report Q2, 2025 Results on Nov 05, 2024Yokogawa Electric Corporation announced that they will report Q2, 2025 results on Nov 05, 2024Reported Earnings • Aug 08First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥38.65 (down from JP¥92.60 in 1Q 2024). Revenue: JP¥128.9b (up 8.7% from 1Q 2024). Net income: JP¥10.1b (down 59% from 1Q 2024). Profit margin: 7.8% (down from 21% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,961, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,161 per share.Buy Or Sell Opportunity • Aug 05Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to JP¥2,961. The fair value is estimated to be JP¥4,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 0.09% per annum over the same time period.Board Change • Aug 02High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Hisashi Maruyama was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Jul 11Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.Price Target Changed • Jul 05Price target increased by 7.0% to JP¥4,267Up from JP¥3,986, the current price target is an average from 6 analysts. New target price is 8.1% above last closing price of JP¥3,947. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥235 last year.Reported Earnings • Jun 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥235 (up from JP¥146 in FY 2023). Revenue: JP¥540.2b (up 18% from FY 2023). Net income: JP¥61.7b (up 59% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 14Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Adept Fluidyne Private Limited.Yokogawa Electric Corporation (TSE:6841) agreed to acquire Adept Fluidyne Private Limited on February 28, 2024. The deal is expected to be completed by the end of March 2024. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Yokogawa Electric Corporation (TSE:6841). Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Adept Fluidyne Private Limited on June 12, 2024. Bridge & Sun Corporation acted as financial advisor to Yokogawa Electric Corporation.Price Target Changed • May 18Price target increased by 7.1% to JP¥3,857Up from JP¥3,600, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥4,017. Stock is up 56% over the past year. The company is forecast to post earnings per share of JP¥194 for next year compared to JP¥235 last year.Reported Earnings • May 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥235 (up from JP¥146 in FY 2023). Revenue: JP¥540.2b (up 18% from FY 2023). Net income: JP¥61.7b (up 59% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • May 08Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 33% to JP¥3,860. The fair value is estimated to be JP¥2,970, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 9.1% per annum over the same time period.お知らせ • Mar 27Yokogawa Electric Corporation, Annual General Meeting, Jun 18, 2024Yokogawa Electric Corporation, Annual General Meeting, Jun 18, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%).業績と収益の成長予測TSE:6841 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029708,85080,82555,08087,20043/31/2028665,42572,12653,40590,16883/31/2027624,01364,13845,22475,50083/31/2026604,82958,11358,26985,951N/A12/31/2025587,83258,261N/AN/AN/A9/30/2025577,82056,92169,72495,125N/A6/30/2025563,69157,222N/AN/AN/A3/31/2025562,40452,12372,11199,025N/A12/31/2024555,95048,272N/AN/AN/A9/30/2024552,23451,20556,85582,845N/A6/30/2024550,43047,064N/AN/AN/A3/31/2024540,15261,68539,70563,833N/A12/31/2023532,08574,178N/AN/AN/A9/30/2023505,05964,70123,70546,018N/A6/30/2023481,12662,260N/AN/AN/A3/31/2023456,47938,92019,58040,422N/A12/31/2022426,58223,904N/AN/AN/A9/30/2022411,40021,44222,57141,609N/A6/30/2022397,64319,636N/AN/AN/A3/31/2022389,90121,28233,52551,644N/A12/31/2021385,33116,722N/AN/AN/A9/30/2021384,24918,54823,56941,227N/A6/30/2021378,50219,216N/AN/AN/A3/31/2021374,20619,21916,32632,842N/A12/31/2020376,76418,936N/AN/AN/A9/30/2020387,41514,60919,00635,952N/A6/30/2020396,12215,570N/AN/AN/A3/31/2020404,43214,68614,11731,132N/A12/31/2019405,77621,866N/AN/AN/A9/30/2019404,65728,167N/A21,028N/A6/30/2019405,03727,176N/AN/AN/A3/31/2019403,71128,446N/A21,410N/A12/31/2018407,85031,846N/AN/AN/A9/30/2018409,05522,000N/A32,906N/A6/30/2018409,41021,512N/AN/AN/A3/31/2018406,59021,449N/A31,980N/A12/31/2017408,35217,296N/AN/AN/A9/30/2017394,80325,025N/A30,752N/A6/30/2017387,61925,986N/AN/AN/A3/31/2017391,43325,759N/A39,245N/A12/31/2016389,48823,258N/AN/AN/A9/30/2016396,17024,422N/A56,128N/A6/30/2016410,98128,129N/AN/AN/A3/31/2016413,73230,161N/A31,931N/A12/31/2015425,90028,394N/AN/AN/A9/30/2015423,58525,676N/A20,660N/A6/30/2015415,69121,244N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6841の予測収益成長率 (年間9.4% ) は 貯蓄率 ( 0.8% ) を上回っています。収益対市場: 6841の収益 ( 9.4% ) はJP市場 ( 8.7% ) よりも速いペースで成長すると予測されています。高成長収益: 6841の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 6841の収益 ( 4.4% ) JP市場 ( 5.5% ) よりも低い成長が予測されています。高い収益成長: 6841の収益 ( 4.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6841の 自己資本利益率 は、3年後には低くなると予測されています ( 13.3 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/28 18:50終値2026/05/28 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Yokogawa Electric Corporation 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Takahiro InoueCitigroup IncHirosuke TaiDaiwa Securities Co. Ltd.Yuichiro IsayamaGoldman Sachs15 その他のアナリストを表示
分析記事 • May 09Yokogawa Electric Corporation (TSE:6841) Yearly Results: Here's What Analysts Are Forecasting For This YearShareholders might have noticed that Yokogawa Electric Corporation ( TSE:6841 ) filed its yearly result this time last...
Price Target Changed • Feb 25Price target increased by 8.2% to JP¥5,791Up from JP¥5,351, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥6,014. Stock is up 109% over the past year. The company is forecast to post earnings per share of JP¥232 for next year compared to JP¥200 last year.
Price Target Changed • Dec 22Price target increased by 8.4% to JP¥5,121Up from JP¥4,723, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥5,002. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥227 for next year compared to JP¥200 last year.
Price Target Changed • Nov 20Price target increased by 7.8% to JP¥5,009Up from JP¥4,648, the current price target is an average from 8 analysts. New target price is 5.8% above last closing price of JP¥4,735. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥200 last year.
お知らせ • Nov 05Yokogawa Electric Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Yokogawa Electric Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects Net sales of JPY 577.0 billion, Operating profit of JPY 83.0 billion, Profit attributable to owners of parent of JPY 54.5 billion and Basic earnings per share of JPY 213.56 against previous guidance of Net sales of JPY 560.0 billion, Operating profit of JPY 80.0 billion, Profit attributable to owners of parent of JPY 52.5 billion and Basic earnings per share of JPY 202.81.
Price Target Changed • Jul 05Price target increased by 7.0% to JP¥4,267Up from JP¥3,986, the current price target is an average from 6 analysts. New target price is 8.1% above last closing price of JP¥3,947. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥235 last year.
分析記事 • May 09Yokogawa Electric Corporation (TSE:6841) Yearly Results: Here's What Analysts Are Forecasting For This YearShareholders might have noticed that Yokogawa Electric Corporation ( TSE:6841 ) filed its yearly result this time last...
お知らせ • May 08Yokogawa Electric Corporation (TSE:6841) announces an Equity Buyback for 9,000,000 shares, representing 3.53% for ¥30,000 million.Yokogawa Electric Corporation (TSE:6841) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 3.53% of the outstanding shares for ¥30,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, while also promoting initiatives that enable the implementation of flexible capital policies that respond to changes in the business environment. The program will run until September 30, 2026. As of March 31, 2026, the company had 254,628,367 shares outstanding and 2,572,843 shares in treasury.
Reported Earnings • May 08Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥228 (up from JP¥200 in FY 2025). Revenue: JP¥604.8b (up 7.5% from FY 2025). Net income: JP¥58.1b (up 12% from FY 2025). Profit margin: 9.6% (in line with FY 2025). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 07Yokogawa Electric Corporation, Annual General Meeting, Jun 23, 2026Yokogawa Electric Corporation, Annual General Meeting, Jun 23, 2026.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥5,635, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,821 per share.
お知らせ • Apr 01Yokogawa Electric Corporation to Report Fiscal Year 2026 Results on May 07, 2026Yokogawa Electric Corporation announced that they will report fiscal year 2026 results at 5:30 PM, Tokyo Standard Time on May 07, 2026
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥46.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥6,154, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,799 per share.
Price Target Changed • Feb 25Price target increased by 8.2% to JP¥5,791Up from JP¥5,351, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥6,014. Stock is up 109% over the past year. The company is forecast to post earnings per share of JP¥232 for next year compared to JP¥200 last year.
分析記事 • Feb 05Yokogawa Electric's (TSE:6841) Dividend Will Be Increased To ¥46.00Yokogawa Electric Corporation ( TSE:6841 ) will increase its dividend from last year's comparable payment on the 22nd...
お知らせ • Feb 05+ 1 more updateYokogawa Electric Corporation Provides Dividend Guidance for Year Ending March 31, 2026Yokogawa Electric Corporation provided dividend guidance of JPY 46.00 per share for year ending March 31, 2026 as compared to JPY 29.00 per share paid a year ago.
Reported Earnings • Feb 04Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: JP¥60.72 (up from JP¥54.29 in 3Q 2025). Revenue: JP¥152.3b (up 7.0% from 3Q 2025). Net income: JP¥15.5b (up 9.5% from 3Q 2025). Profit margin: 10% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Dec 22Price target increased by 8.4% to JP¥5,121Up from JP¥4,723, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥5,002. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥227 for next year compared to JP¥200 last year.
分析記事 • Dec 22Returns On Capital Are Showing Encouraging Signs At Yokogawa Electric (TSE:6841)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
分析記事 • Dec 07Yokogawa Electric (TSE:6841) Will Pay A Dividend Of ¥32.00The board of Yokogawa Electric Corporation ( TSE:6841 ) has announced that it will pay a dividend of ¥32.00 per share...
Declared Dividend • Dec 06First half dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 04Yokogawa Electric Corporation to Report Q3, 2026 Results on Feb 03, 2026Yokogawa Electric Corporation announced that they will report Q3, 2026 results on Feb 03, 2026
分析記事 • Nov 29These 4 Measures Indicate That Yokogawa Electric (TSE:6841) Is Using Debt SafelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Nov 20Price target increased by 7.8% to JP¥5,009Up from JP¥4,648, the current price target is an average from 8 analysts. New target price is 5.8% above last closing price of JP¥4,735. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥200 last year.
Buy Or Sell Opportunity • Nov 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.3% to JP¥4,700. The fair value is estimated to be JP¥3,898, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period.
分析記事 • Nov 11Yokogawa Electric's (TSE:6841) Earnings Seem To Be PromisingThe market seemed underwhelmed by last week's earnings announcement from Yokogawa Electric Corporation ( TSE:6841...
お知らせ • Nov 05Yokogawa Electric Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Yokogawa Electric Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects Net sales of JPY 577.0 billion, Operating profit of JPY 83.0 billion, Profit attributable to owners of parent of JPY 54.5 billion and Basic earnings per share of JPY 213.56 against previous guidance of Net sales of JPY 560.0 billion, Operating profit of JPY 80.0 billion, Profit attributable to owners of parent of JPY 52.5 billion and Basic earnings per share of JPY 202.81.
Reported Earnings • Nov 05Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥55.78 (down from JP¥55.80 in 2Q 2025). Revenue: JP¥151.8b (up 10% from 2Q 2025). Net income: JP¥14.2b (down 2.1% from 2Q 2025). Profit margin: 9.4% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 01Yokogawa Electric Corporation (TSE:6841) acquired Intellisync S.R.L.Yokogawa Electric Corporation (TSE:6841) acquired Intellisync S.R.L. on October 31, 2025. In related transaction, Yokogawa Electric Corporation (TSE:6841) acquired WiSNAM. Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Intellisync S.R.L. on October 31, 2025.
Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥4,674. The fair value is estimated to be JP¥3,883, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.
お知らせ • Sep 30Yokogawa Electric Corporation to Report Q2, 2026 Results on Nov 04, 2025Yokogawa Electric Corporation announced that they will report Q2, 2026 results on Nov 04, 2025
Upcoming Dividend • Sep 22Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%).
Reported Earnings • Aug 06First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥59.08 (up from JP¥38.65 in 1Q 2025). Revenue: JP¥130.2b (up 1.0% from 1Q 2025). Net income: JP¥15.2b (up 51% from 1Q 2025). Profit margin: 12% (up from 7.8% in 1Q 2025). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 45%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year.
分析記事 • Jul 24Yokogawa Electric (TSE:6841) Is Increasing Its Dividend To ¥32.00Yokogawa Electric Corporation's ( TSE:6841 ) dividend will be increasing from last year's payment of the same period to...
分析記事 • Jul 10Yokogawa Electric (TSE:6841) Will Pay A Larger Dividend Than Last Year At ¥32.00Yokogawa Electric Corporation ( TSE:6841 ) will increase its dividend from last year's comparable payment on the 8th of...
Declared Dividend • Jul 09Final dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 24Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥200 (down from JP¥235 in FY 2024). Revenue: JP¥562.4b (up 4.1% from FY 2024). Net income: JP¥52.1b (down 16% from FY 2024). Profit margin: 9.3% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 18Yokogawa Electric Corporation to Report Q1, 2026 Results on Aug 05, 2025Yokogawa Electric Corporation announced that they will report Q1, 2026 results on Aug 05, 2025
分析記事 • Jun 10Risks To Shareholder Returns Are Elevated At These Prices For Yokogawa Electric Corporation (TSE:6841)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider...
お知らせ • Jun 03Yokogawa Electric Corporation Announces Release of Next-Generation of the Centum VP Integrated Production Control SystemYokogawa Electric Corporation announced the unveiling of the next-generation Release 7 concept and the launch of Release 7.01 of the CENTUMTM VP integrated production control system, a core product in the OpreXTM Control and Safety System lineup. This is the 10th generation of the CENTUM series, and its release coincides with the 50th anniversary of the announcement of CENTUM as the world's first distributed control system (DCS), on June 19, 1975. In addition to the dynamic changes in supply chains over recent years, countries have been strengthening regulations in response to a growing awareness of the need to protect the environment. Main Features of Release 7.01: To achieve autonomous operations, it is essential to leverage AI while ensuring safety and security. Release 7.01 helps to establish the necessary foundation for this goal. The key features are as follows. Enhanced security: To achieve data-driven operations, it is crucial to ensure the security of critical infrastructure. This release adopts industry security benchmarks to strengthen the cybersecurity of the components that make up control systems and enhance the overall security level of the system. Expansion of control and monitoring scope with CENTUM: By integrating OPC Unified Architecture (OPC UA) connectivity, the range of plant equipment and devices that can be controlled and monitored by CENTUM is expanded. OPC UA is a platform-independent standard that enables data exchange between devices from different manufacturers in the industrial automation field. In this update, OPC UA client functionality has been added to CENTUM. Enhanced engineering capabilities for large-scale projects: To promote operational optimization by integrating various systems within the plant, a feature has been added that allows the merging and testing of multiple engineering databases related to CENTUM. By realizing stable operations and expanding the scope of autonomy, CENTUM VP release 7 will help customers achieve a more sustainable society and sustainable business growth.
Buy Or Sell Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock has risen 16% to JP¥3,300. The fair value is estimated to be JP¥4,156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period.
Reported Earnings • May 08Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥200 (down from JP¥235 in FY 2024). Revenue: JP¥562.4b (up 4.1% from FY 2024). Net income: JP¥52.1b (down 16% from FY 2024). Profit margin: 9.3% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 07Yokogawa Electric Corporation, Annual General Meeting, Jun 19, 2025Yokogawa Electric Corporation, Annual General Meeting, Jun 19, 2025.
お知らせ • Apr 23Yokogawa Electric Corporation (TSE:6841) agreed to acquire Web Synergies Pte LtdYokogawa Electric Corporation (TSE:6841) agreed to acquire Web Synergies Pte Ltd on April 23, 2025. The expected completion of the transaction is in early May, 2025.
Buy Or Sell Opportunity • Apr 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥2,959. The fair value is estimated to be JP¥3,744, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
New Risk • Mar 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (8.7% net profit margin).
お知らせ • Mar 07Yokogawa Electric Corporation Announces Resignation of Tsuyoshi Abe as Senior Vice President & Executive Officer, Effective March 10, 2025Yokogawa Electric Corporation announced that the resignation of Tsuyoshi Abe as Senior Vice President & Executive Officer with effect from March 10, 2025. Resignation is due to personal reasons.
お知らせ • Mar 05Yokogawa Electric Corporation to Report Fiscal Year 2025 Results on May 07, 2025Yokogawa Electric Corporation announced that they will report fiscal year 2025 results on May 07, 2025
お知らせ • Mar 04Yokogawa Electric Corporation (TSE:6841) announces an Equity Buyback for 12,000,000 shares, representing 4.61% for ¥20,000 million.Yokogawa Electric Corporation (TSE:6841) announces a share repurchase program. Under the program, the company will repurchase 12,000,000 shares, representing 4.61% of the outstanding shares for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, while also promoting initiatives that enable the implementation of flexible capital policies that respond to changes in the business environment. The program will run until December 31, 2025. As of February 28, 2025, the company had 260,215,902 shares outstanding and 8,408,608 shares in treasury.
New Risk • Feb 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 05Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: JP¥54.29 (down from JP¥65.30 in 3Q 2024). Revenue: JP¥142.3b (up 2.7% from 3Q 2024). Net income: JP¥14.1b (down 17% from 3Q 2024). Profit margin: 9.9% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Dec 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.3% to JP¥3,434. The fair value is estimated to be JP¥4,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.
Declared Dividend • Dec 07First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 04Yokogawa Electric Corporation to Report Q3, 2025 Results on Feb 04, 2025Yokogawa Electric Corporation announced that they will report Q3, 2025 results on Feb 04, 2025
Buy Or Sell Opportunity • Nov 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.0% to JP¥3,445. The fair value is estimated to be JP¥4,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.
Reported Earnings • Nov 07Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: JP¥55.80 (up from JP¥39.52 in 2Q 2024). Revenue: JP¥137.7b (up 1.3% from 2Q 2024). Net income: JP¥14.5b (up 40% from 2Q 2024). Profit margin: 11% (up from 7.6% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Oct 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to JP¥3,516. The fair value is estimated to be JP¥4,414, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.5%).
お知らせ • Aug 30Yokogawa Electric Corporation to Report Q2, 2025 Results on Nov 05, 2024Yokogawa Electric Corporation announced that they will report Q2, 2025 results on Nov 05, 2024
Reported Earnings • Aug 08First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥38.65 (down from JP¥92.60 in 1Q 2024). Revenue: JP¥128.9b (up 8.7% from 1Q 2024). Net income: JP¥10.1b (down 59% from 1Q 2024). Profit margin: 7.8% (down from 21% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,961, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,161 per share.
Buy Or Sell Opportunity • Aug 05Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to JP¥2,961. The fair value is estimated to be JP¥4,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 0.09% per annum over the same time period.
Board Change • Aug 02High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Hisashi Maruyama was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jul 11Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
Price Target Changed • Jul 05Price target increased by 7.0% to JP¥4,267Up from JP¥3,986, the current price target is an average from 6 analysts. New target price is 8.1% above last closing price of JP¥3,947. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥235 last year.
Reported Earnings • Jun 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥235 (up from JP¥146 in FY 2023). Revenue: JP¥540.2b (up 18% from FY 2023). Net income: JP¥61.7b (up 59% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 14Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Adept Fluidyne Private Limited.Yokogawa Electric Corporation (TSE:6841) agreed to acquire Adept Fluidyne Private Limited on February 28, 2024. The deal is expected to be completed by the end of March 2024. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Yokogawa Electric Corporation (TSE:6841). Yokogawa Electric Corporation (TSE:6841) completed the acquisition of Adept Fluidyne Private Limited on June 12, 2024. Bridge & Sun Corporation acted as financial advisor to Yokogawa Electric Corporation.
Price Target Changed • May 18Price target increased by 7.1% to JP¥3,857Up from JP¥3,600, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥4,017. Stock is up 56% over the past year. The company is forecast to post earnings per share of JP¥194 for next year compared to JP¥235 last year.
Reported Earnings • May 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥235 (up from JP¥146 in FY 2023). Revenue: JP¥540.2b (up 18% from FY 2023). Net income: JP¥61.7b (up 59% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • May 08Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 33% to JP¥3,860. The fair value is estimated to be JP¥2,970, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 9.1% per annum over the same time period.
お知らせ • Mar 27Yokogawa Electric Corporation, Annual General Meeting, Jun 18, 2024Yokogawa Electric Corporation, Annual General Meeting, Jun 18, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%).