IRMay 12, 2017
Yaskawa Electric announced financial results for fiscal year 2016 ended 20 March 2017. The Company posted annual revenue of ¥394.9 billion and net income of ¥20.4 billion. These results reflected a 4 percent change in annual revenue and 8.8 percent change in net income. International sales accounted for 66 percent of the year’s revenue.
The business environment surrounding the Yaskawa Group was generally positive, with the economies in Japan and overseas growing moderately. Demand in China was strong due to the expansion and automation of production facilities. Momentum of System Engineering business grew due to the demand for facility renovation of steel plants and social system businesses. Sales related to large scale wind turbine increased mainly in Europe and China. Despite stronger yen, Yaskawa Electric will be returning ¥5.3 billion as dividends to shareholders.
Yaskawa Electric is providing the following forecast for fiscal year 2017:
Yaskawa Electric’s board of directors has declared an annual cash dividends of ¥20.0 per share of the Company’s stock. The year-end dividends ¥10.0 per share is payable in June of the following fiscal year to shareholders. Starting from fiscal year 2017, Yaskawa Electric changes its accounting period from March 20 to the last day of February.
Consolidated Financial Statements
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