Yaskawa’s FVE Reduced to JPY 3,600 on Trade War Impacts Dragging into 2019
Narrow-moat Yaskawa’s third-quarter results showed continued slowdown from the strong first-quarter growth. Revenue grew 19% in the first quarter, declined by 1% in the second and then grew by 2% in the third. Operating income grew by 30% in the first quarter, declined by 9% in the second and declined by 11% in the third. Smartphone demand from China slowed down and semiconductor capital expenditures were weak. The Chinese manufacturing sector also saw some impact from the U.S./China trade confl...Yaskawa Electric and its affiliates are mainly engaged in the manufacture and sale of electric motors, industrial robots and industrial electrical control systems. Co.'s principal products include AC/DC servomotors, spindle motors for machine tools, programmable controllers, numerical controls, general-purpose/special-system inverters, industrial robots, clean robots, vacuum robots, transfer systems in clean/vacuum rooms, industrial electrical control systems for metal processing, cold rolling and paper making, water supply/sewage control systems, power receiving/distribution panels, circuit breakers, high-voltage switchgears, and energy-saving motor drivers.
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