IRApr 12, 2018
Yaskawa Electric announced financial results for fiscal year 2017 ended 28 February 2018. The Company posted annual revenue of ¥448.5 billion and net income of ¥39.7 billion.
The Company changed its accounting period from 20 March to the last day of February as a result of the approval at the 101st Ordinary General Meeting of Shareholders held on 15 June 2017. Due to irregularity of the accounting period, performance change from the previous fiscal year is not shown for fiscal 2017.
The business performance of the Yaskawa Group in fiscal 2017 (21 March 2017 – 28 February 2018) was strong due to high demand on the back of sophistication and automation of production equipment in the global manufacturing industry especially in China. Motion control and robotics sales grew significantly especially for the semiconductor and electronic component markets. As a result, record-high sales and profits were achieved as fiscal year results.
Yaskawa Electric is providing the following forecast for fiscal year 2018:
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