IRApr 11, 2019
Yaskawa Electric changed its accounting period form March 20 to the last day of February in the previous fiscal year. Due to the difference in the periods of fiscal 2018 (from March 1, 2018 to February 28, 2019) and fiscal 2017 (from March 21, 2017 to February 28, 2018) performance changes from the previous fiscal year are not shown.
Yaskawa Electric announced financial results for fiscal year 2018 ended February 28, 2019. The Company posted annual revenue of ¥474.6 billion and net income of ¥41.2 billion.
The business environment of Yaskawa Group was favorable in the beginning with the high demand for sophistication and automation of production equipment. However, at the middle of the fiscal year, the smartphone-related demand entered a lull, and the demand for semiconductor-related capital expenditures fell rapidly. Also, the effects of the U.S.-China trade friction expanded, and cautious stance on capital expenditures was seen in the manufacturing sector overall.
In this environment, the Yaskawa group's performance was steady overall by properly capturing the global automotive-related demand, while being affected by the slowdown in the Chinese market. As a result, record-high sales were achieved.
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