YASKAWA Electric : Financial and Corporate Information

10-Year Financial Data

				Japanese GAAP
(Fiscal year)		2011	2012	2013	2014	2015
Net sales		307,111	310,383	363,570	400,153	411,260
Gross prot		79,571	82,108	108,139	126,890	134,147
Operating prot		14,818	13,070	25,702	31,532	36,730
Prot before income taxes		15,353	12,125	25,717	34,413	35,202
Prot attributable to owners of parent	8,432	6,800	16,964	24,819	22,365
Business Segment Information*1*2
	Net sales	149,410	144,333	162,346	188,116	187,548
Motion Control	Operating prot	5,824	3,248	16,444	21,748	22,413
	Operating prot ratio (%)	3.9	2.3	10.1	11.6	12.0
	Net sales	101,065	110,223	122,543	135,956	154,068
Robotics	Operating prot	7,014	8,365	9,511	10,558	15,304
	Operating prot ratio (%)	6.9	7.6	7.8	7.8	9.9
	Net sales	35,520	37,263	35,327	40,980	43,053
System Engineering	Operating prot	1,917	1,504	-5	-768	-760
	Operating prot ratio (%)	5.4	4.0	-0.0	-1.9	-1.8
Sales by Destination*3
Japan		143,019	143,456	150,101	144,246	135,495
The Americas		43,985	51,113	58,481	72,616	85,088
Europe		33,939	32,047	42,499	46,921	52,011
China		85,276	48,555	67,165	85,017	81,938
Asia except China		32,752	41,430	47,761	52,355
Other		890	2,456	3,892	3,590	4,370
Overseas sales ratio (%)		53.4	53.8	58.7	64.0	67.1
Cash Flow
Cash ows from operating activities	6,391	24,640	23,972	29,023	31,954
Cash ows from investing activities	-11,874	-18,058	-16,942	-27,874	-22,421
Free cash ows		-5,483	6,582	7,029	1,149	9,533
Cash ows from nancing activities	13,592	-9,053	-5,983	-1,471	-2,601
Cash and cash equivalents at end of period	20,206	19,389	22,992	24,347	31,656
Per Share Information
Earning (yen)		33.51	27.03	67.42	98.45	84.71
Dividends (yen)		10.00	10.00	12.00	20.00	20.00
End of the Fiscal Year
Total assets		279,072	302,518	340,506	388,205	373,533
Interest-bearing debt		58,612	54,684	55,528	52,430	48,426
Shareholders' equity		100,109	112,218	134,076	171,388	181,281
Management and Financial Indicators
Operating prot ratio (%)		4.8	4.2	7.1	7.9	8.9
ROE: Return on equity (%)		8.7	6.4	13.8	16.3	12.8
Shareholders' equity ratio (%)	35.9	37.1	39.4	44.1	48.5
Debt-to-equity ratio (times)		0.59	0.49	0.41	0.31	0.27
Dividend payout ratio (%)		29.8	37.0	17.8	20.3	23.6
Exchange rate
U.S. dollar (yen)		79.3	81.9	99.6	108.2	120.8
Euro (yen)		109.6	105.7	132.7	139.7	133.0

*1 Starting FY2013, reportable segments changed to the following 3 segments: Motion Control, Robotics, and System Engineering. There have also been partial changes in the division of businesses within these segments. Figures and profit ratios of each segment for the period up until FY2012 are based on figures before the change was implemented. The figures for former Information Technologies segment and Other segment are omitted.

Revisions were made to the division of businesses segments starting FY2017. The PV inverter business, which was previously included in Motion Control, is included in System Engineering. Figures and profit ratios of each segment for FY2016 reflect this change. The change is not applied to figures and profit ratios for the period up until FY2015.

*2 From FY2020, high-pressure AC drive systems were included in the Systems Engineering segment, but are now included in the Motion Control segment. Amounts and operating profit ratios for each segment are presented on the basis after the change of segments for FY2019 and before the change of segments for the period up to FY2018.

*3 For FY2010 and FY2011, figures for Japan, the Americas, Europe, Asia, and Other were disclosed.

65 YASKAWA Report 2021

Business Model		Vision and Strategy		Management Capitals		Corporate Governance		Business Promotion		Financial and Corporate
					Information

Japanese GAAP

20162017*4

394,883 448,523

124,018 154,174

30,409 54,126

29,910 53,556

20,397 39,749

172,025 212,095

22,772 41,729

13.219.7

139,993 163,379

10,253 17,761

7.310.9

59,354 52,934

-591	-3,794
-1.0	-7.2

134,205 133,896

74,691 83,078

50,736 60,879

81,246 103,313

49,798 63,397

4,205 3,957

66.070.1

33,752 46,054

-18,936-18,852

14,816 27,202

-16,453-14,820

29,735 42,213

76.60 149.35

20.00 40.00

387,512 441,249

36,765 32,247

198,513 235,865

7.712.1

10.718.3

51.253.5

0.190.14

26.126.8

108.4 111.5

119.2 128.8

	IFRS				(millions of JPY)
				(Fiscal year)
2018	2019		2020
474,638	410,957		389,712	Revenue
156,353	124,496		116,370	Gross prot
53,098	24,198		27,180	Operating prot
55,051	24,642		27,172	Prot before tax
42,524	15,572		18,927	Prot attributable to owners of parent
				Business Segment Information*1*2
213,260	180,446		176,014	Revenue
34,697	20,554		24,576	Operating prot		Motion Control
16.3	11.4		14.0	Operating prot ratio	(	)
		%
177,995	152,170		139,494	Revenue
17,986	6,503		6,907	Operating prot		Robotics
10.1	4.3		5.0	Operating prot ratio	(	)
		%
51,627	55,535		50,763	Revenue
-770	469		-1,030	Operating prot		System Engineering
-1.5	0.8		-2.0	Operating prot ratio	(	)
		%
				Revenue by region
154,539	151,481		135,908	Japan
84,908	73,906		58,928	The Americas
70,436	61,275		54,822	EMEA
103,404	79,974		97,938	China
60,914	43,892		41,818	Asia except China
435	428		296	Other
67.4	63.1		65.1	Overseas revenue ratio (%)
				Cash Flow
34,347	21,480		39,602	Net cash provided by operating activities
-27,111	-20,645		-9,601	Net cash used in investing activities
7,236	835		30,000	Free cash ows
-10,268	491		-20,284	Net cash provided by (used in) nancing activities
39,289	40,307		50,953	Cash and cash equivalents at end of period
				Per Share Information
161.00	59.42		72.41	Earnings per share (yen)
52.00	52.00		24.00	Dividends per share (yen)
				End of the Fiscal Year
463,965	450,127		487,428	Total assets
55,415	81,578		76,543	Interest-bearing debt
243,967	228,362		246,266	Equity attributable to owners of parent
				Management and Financial Indicators
11.2	5.9		7.0	Operating prot ratio (%)
17.9	6.6		8.0	ROE: Return on equity (%)
52.6	50.7		50.5			( )
	Ratio of equity attributable to owners of parent to total assets %
0.22	0.36		0.31	Debt-to-equity ratio (times)
32.3	87.5		33.1	Dividend payout ratio (%)
				Average Exchange Rate
110.5	109.0		106.0	U.S. dollar (yen)
128.9	121.4		122.8	Euro (yen)

*4 The Company changed its accounting period starting FY2017 from March 20 to the last day of February. As a transitional year for this change, FY2017 was from March 21, 2017 to February 28, 2018.

YASKAWA Report 2021 66

Disclosure Policy and IR Activities

Disclosure policy

• Scope of reporting, etc.

Period covered	March 1, 2020 to February 28, 2021 (Certain contents include activities occurred in or after March 2021.)
Scope	YASKAWA Electric Corporation and consolidated subsidiaries
Note: A part of non-financial information is provided of YASKAWA Electric Corporation.
Accounting	Unless otherwise stated, figures for FY2017 and earlier are stated in accordance with Japanese GAAP, and figures for
standard	FY2018 and after are stated in accordance with International Financial Reporting Standards (IFRS).

• Editorial Policy

This report is prepared for a wide range of stakeholders, including shareholders and investors. This report is created with the aim of providing a well-balanced understanding of various aspects of the Group's business model and value creation, based on the theme of "communicating the future potential of Yaskawa."

This report is prepared with reference to the "International Integrated Reporting Framework" by the International Integrated Reporting Council (the IIRC) and "Guidance for Collaborative Value Creation" by Ministry of Economy, Trade and Industry with the aim of

helping readers make a comprehensive assessment of Yaskawa's value.

• Note on Forecasts Mentioned in this Report Future projections for performance and other matters con- tained in this report are based on the information that is available at the time of issue and on a certain level of requirements as seen rational, however, actual results may vary due to various factors. Some examples of such factors are economic conditions, both in Japan and outside the country, trends in demand for the company's products and services, and trends in foreign exchange and stock mar- kets. Please also note that factors which may impact the company's results are not limited to the aforementioned.

Investor Relations Activities

Yaskawa believes it is important to promote constructive dialogue with shareholders and investors in order to achieve sustainable growth and increase corporate value over the medium to long term.

In addition to enhancing information disclosure and opportunities for dialogue with our stakeholders, including institutional investors and analysts, we appropriately report to the management the opinions and requests of our stakeholders, and use them in discussions aimed at improving corporate value.

• YASKAWA Global Website Information
  A wide range of IR related information is available. Please visit the following URL.

Investor Relations https://www.yaskawa-global.com/ir

Sustainability https://www.yaskawa-global.com/company/csr

• External evaluation of IR activities (FY2020)

Overall IR Activities

• Institutional Investor
  2020 All-Japan Executive Team Ranking

"Engineering & Machinery" Sector

2nd place in Best CEO

3rd place in Best CFO

IR Website

Daiwa Investor Relations Co., Ltd.

2020 "Internet IR Awards" Excellence Award

Nikko IR Co., Ltd.

"Ranking of all listed companies' websites in FY2020" Best site (General award)

Morningstar Japan K.K.

"Gomez IR Site Ranking 2020" Excellent company: Silver Prize

67 YASKAWA Report 2021

Business Model		Vision and Strategy		Management Capitals		Corporate Governance		Business Promotion		Financial and Corporate
					Information

Corporate Information and Stock Information

Corporate Information (As of February 28, 2021)

Corporate name	YASKAWA Electric Corporation
	2-1 Kurosakishiroishi,
Head office	Yahatanishi-ku, Kitakyushu
	806-0004,Japan
Founded	July 16, 1915
Share capital	30,562 million yen

14,892 Consolidated (including

Employees)

temporary employees

Number of consolidated 65 companies subsidiaries

Number of affiliates

accounted for by the 10 companies equity method

Stock and Shareholder Information

(As of February 28, 2021)

■ Stock Information

• Share Distribution by Shareholder Type

Stock exchange listings	Tokyo, Fukuoka
Securities code	6506 (Japan)
Share unit	100 shares
Business year	March 1 of each year to the last day
of February of the following year

Private individuals 9.47%

Other 8.42%

Financial institutions 52.69%

Record date for dividend	Last day of February and August
payout	31 of each year
Number of shares	266,690 thousand
outstanding
Number of shareholders	43,329

Foreign corporations, etc. 29.41%

■ Major Shareholders

Major shareholders	Number of Shareholding
shares	ratio
(Top 10 shareholders)
(Thousands)	（%）
The Master Trust Bank of Japan, Ltd.	36,577	13.93
(Trust Account)
Custody Bank of Japan, Ltd.	22,248	8.47
(Trust Account)
Mizuho Bank, Ltd. (MHBK)	8,100	3.09
Meiji Yasuda Life Insurance Company	7,774	2.96
Custody Bank of Japan, Ltd. (Sumitomo
Mitsui Trust Bank, Limited Employee	7,439	2.83
Retirement Benefit Trust Account)
SSBTC CLIENT OMNIBUS ACCOUNT	5,986	2.28
Custody Bank of Japan, Ltd. (Sumitomo
Mitsui Trust Bank, Limited Retrust Account,	5,100	1.94
The Bank of Fukuoka, Ltd. Employee
Retirement Benefit Trust Account)
THE DAI-ICHI LIFE INSURANCE	4,199	1.60
COMPANY, LTD.
Custody Bank of Japan, Ltd.	4,194	1.60
(Trust Account 7)
STATE STREET BANK WEST	4,065	1.55
CLIENTTREATY 505234

• Company Share Price (From January 2018 to July 2021)

(JPY)

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0				2018					2019					2020				2021
	2	4	6	8	10	12	2	4	6	8	10	12	2	4	6	8	10	12	2	4	6

Note: The prices displayed are the monthly high and low prices traded at Tokyo Stock Exchange.

(year)

(month)

Note: Treasury stock (4,121,962 shares) is deducted in the calculation of the shareholding ratio.

Signing the United Nations Global Compact

Yaskawa signed the United Nations Global Compact and was registered as a participating company on August 4, 2021. We will comply with and implement the 10 principles of the United Nations Global Compact, further promote responsible management as a global corporation, and contribute to the sustainability of society.

YASKAWA Report 2021 68