Yokogawa Electric : Presentation Materials of Financial Results for the First Quarter of Fiscal Year 2022

Securities Code: 6841

Yokogawa Electric Corporation

Financial Results for

the First Quarter of Fiscal Year 2022

Michiko Nakajima

Vice President

Accounting & Treasury Headquarters

August 9, 2022

| August 9, 2022 | © Yokogawa Electric Corporation

Contents

1. Financial Results for the First Quarter of

Fiscal Year 2022	P.3
2. Financial Appendix	P.16

Quarterly Financial Results

Non-operating / Extraordinary Income and Expenses Order Backlog Trend by Segment

Trend of R&D Expenses, Depreciation, and CAPEX Trend of Balance Sheet / Trend of Stock Price

3. Reference

P.24

Control Segment Order Trend by Project Size

News / Yokogawa's Main ESG Indexes, etc.

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Financial Results for

the First Quarter of Fiscal Year 2022

(April 1, 2022 - June 30, 2022)

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Key Points

• FY22 1Q results: Sales were up, but operating income declined.
  - Summary: Orders increased significantly year on year. Sales were up due to the impact of fluctuations in exchange rates and other factors.

Operating income and profit attributable to owners of parent decreased.

• • • Segments
      Control: Sales were up, but operating income declined. (Excluding the impact of exchange rates, orders increased 28.6%, and sales increased 0.2% year on year.)
      Measuring instruments: Sales were nearly at the same level as the previous fiscal year. Operating income declined.
      New businesses and others: Sales declined. The operating loss shrunk.
  • Regions: Orders were firm in the Middle East, Africa, and Central and South America.
  • Industries: Orders were strong in the upstream sector and the chemicals industry.
• FY22 earnings forecasts: Change (only forecast exchange rate revised: US$1:¥120→¥130)
• • From FY21, as a result of revising the Group's internal management classification, the life innovation business that was previously included in the test and measurement business segment has been reclassified into the industrial automation and control business segment. In addition, the name of the reportable segment previously known as the test and measurement business has been changed to the measuring instruments business. Moreover, segment information for the previous fiscal year has been presented based on the changed classification.
  • The name of the reportable segment previously known as "aviation and other businesses" has been changed to "new businesses and others" since the current fiscal year following the transfer of the aviation equipment business.

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Summary of FY22 1Q Results (year on year comparison)

• Orders increased significantly (excluding the impact of exchange rates: +27.6%).
• Sales increased due to the impact of fluctuations in exchange rates and other factors (excluding the impact of exchange rates: -1.1%).
• Operating income decreased due to a decrease in the gross margin, an increase in SG&A expenses, and other factors.

◆ Profit attributable to owners of parent decreased.

（Billion ¥）

				FY21_1Q	FY22_1Q	Difference	Growth rate	Impact of
				exchange rate
		Orders	95.6	134.3	+38.7	+40.4%	+12.3
		Sales	86.3	94.0	+7.7	+9.0%	+8.7
	Operating	4.8	1.4	(3.4)	(70.7)%	+1.6
		income
		ROS(%)	5.6	1.5	(4.1)pts	－	－
	Ordinary income	5.3	2.6	(2.7)	(50.6)%	+1.5
	Profit attributable to	3.0	1.3	(1.6)	(55.2)%	+1.5
	owners of parent
	Exchange	1$=	¥109.43	¥131.25	+21.82	－	－
	rate

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