ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electronic Technology

Yokogawa Electric Corp.

Business Summary

Yokogawa Electric Corp. engages in the provision of industrial automation, test, and measurement solutions. It operates through the following segments: Control, Measurement, and Navigation and Other Businesses. The Control segment manufactures and sells programmable controllers, industrial recorders, flow meters, differential pressure transmitters, and process analyzers. The Measurement segment offers waveform measuring instruments, optical communication-related measuring equipment, signal generators, confocal scanners as well as power, temperature, and pressure measuring devices. The Navigation and Other businesses segment produces cockpit flat panel displays, aircraft engine meters, gyrocompass, autopilot, weather observation systems, and hydrological instruments. The company was founded by Tamisuke Yokogawa, Ichiro Yokogawa, and Shin Aoki on September 1, 1915 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Gross Profit164,585M1,551.84M
Operating income31,601M297.96M
Income before tax31,524M297.23M
Net income19,219M181.21M
Diluted EPS71.990.67
Dividends Per Share340.32
Total Assets519,081M4,697.56M
Total liabilities204,308M1,848.94M
Total equity308,323M2,790.25M
Operating cash flow32,842M309.66M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 391,433M 406,590M 403,711M 404,432M 374,206M
Gross Profit 169,212M 175,636M 173,329M 177,973M 164,585M
Operating income 31,583M 32,705M 34,595M 35,589M 31,601M
Income before tax 35,497M 29,389M 38,428M 25,759M 31,524M
Net income 25,748M 21,482M 28,447M 14,687M 19,219M
EBITDA 49,618M 51,017M 51,601M 54,380M 49,163M
Diluted EPS 96.40 80.38 106.53 55.01 71.99
Dividends Per Share 25 30 32 34 34
Total Assets 440,695M 444,617M 470,114M 489,678M 519,081M
Total liabilities 178,188M 166,122M 173,961M 198,203M 204,308M
Total equity 256,396M 271,908M 289,860M 285,904M 308,323M
Operating cash flow 39,245M 31,980M 21,410M 31,132M 32,842M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,614.75M 3,668.51M 3,640.49M 3,719.74M 3,528.33M
Gross Profit 1,562.61M 1,584.69M 1,563.00M 1,636.89M 1,551.84M
Operating income 291.65M 295.08M 311.96M 327.32M 297.96M
Income before tax 327.80M 265.16M 346.52M 236.91M 297.23M
Net income 237.77M 193.82M 256.52M 135.08M 181.21M
EBITDA 458.20M 460.30M 465.31M 500.15M 463.55M
Diluted EPS 0.89 0.72 0.96 0.50 0.67
Dividends Per Share 0.23 0.27 0.28 0.31 0.32
Total Assets 3,954.90M 4,180.69M 4,247.31M 4,535.94M 4,697.56M
Total liabilities 1,599.10M 1,562.03M 1,571.67M 1,835.97M 1,848.94M
Total equity 2,300.96M 2,556.72M 2,618.78M 2,648.36M 2,790.25M
Operating cash flow 362.41M 288.54M 193.06M 286.33M 309.66M

Valuation Measures

Mar 2021
Operating margin8.44%
Profit margin5.13%

Key executives

  • President & Representative Director: Hitoshi Nara
  • Manager-Finance & Investor Relations: Hirohiko Nakatani
  • Executive Officer & General Manager-Global Sales: Koji Nakaoka
  • Executive Officer, GM-Personnel & General Affairs: Mikio Matsui
  • Director & General Manager-Business Administration: Junichi Anabuki


  • Nomura Asset Management Co., Ltd. (6.3%)
  • Dai-ichi Life Holdings, Inc. (5.8%)
  • FIL Investments (Japan) Ltd. (5.3%)
  • Invesco Asset Management (Japan) Ltd. (5.2%)
  • Nippon Life Insurance Co. (5.0%)
  • Nikko Asset Management Co., Ltd. (3.0%)
  • Daiwa Asset Management Co. Ltd. (2.9%)
  • Asset Management One Co., Ltd. (2.8%)
  • MFS International (UK) Ltd. (2.6%)
  • Mizuho Bank Pension Fund (2.2%)

Contact Details

Related Companies

  • Yokogawa Oman LLC
  • Yokogawa Techinvent AS
  • Yokogawa Czech Republic sro
  • PXiSE Energy Solutions LLC
  • BioStinger, Inc. /Nanopipette Technology/
  • NKS KK
  • Grazper Technologies ApS
  • Yokogawa Analytical Solutions Sdn. Bhd.
  • Yokogawa Turkey International Automation Solutions AS
  • Yokogawa Turkey Endustriyel Otomasyon Cozumleri AS
  • Yokogawa Polska Sp zoo
  • Yokogawa Hungaria Kft
  • Yokogawa Engineering Services de Mexico SA de CV
  • Industrial Evolution Corp.
  • Yokogawa Nuclear Solutions LLC
  • Yokogawa Foundry Corp.
  • Yokogawa Process Control (Shanghai) Co., Ltd.
  • Yokogawa Shanghai Instrumentation Co., Ltd.
  • Soteica Visual Mesa LLC
  • Yokogawa Electric Restricted Stock Compensation Plan
  • TechInvent AS
  • Chip Man Technologies Oy /Cellular Imaging/
  • Yokogawa Information Systems (Dalian) Corp.
  • Yokogawa Venture Group, Inc.
  • Yokogawa Colombia SAS
  • Yokogawa Europe Branches BV
  • Yokogawa Africa Holding BV
  • Yokogawa Process Analyzers Europe BV
  • Yokogawa Services Solutions Nigeria Ltd.
  • Yokogawa Software Engineering (Wuxi) Co. Ltd.


  • ABB Ltd.
  • Chongqing Chuanyi Automation Co., Ltd. Class A
  • Beijing SDL Technology Co., Ltd. Class A
  • Spirax-Sarco Engineering PLC
  • Hollysys Automation Technologies Ltd.
  • Valmet Corp
  • Lumax International Corp. Ltd.
  • Unitronics (1989) (RG) Ltd.
  • Badger Meter, Inc.
  • PDF Solutions, Inc.
Last Updated on 18 May, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more