YOKOGAWA ELECTRIC CORPORATION (6841) Stock Price

Yokogawa Electric has three main business segments: Control Solutions, Measurement & Control, and New Business & Others. Through these operations, Yokogawa Electric provides a diverse range of products and services.

The Control Solutions segment delivers comprehensive solutions that maximize value across the plant lifecycle, from field operations to management level. Specific offerings include productivity enhancement software, production control systems, flow meters, differential pressure and pressure transmitters, and process analyzers.

The Measurement & Control segment provides waveform measurement instruments, optical communication measurement instruments, signal generators, and power, temperature, and pressure measurement instruments. These products are manufactured by Yokogawa Manufacturing and sold domestically and internationally, with after-sales service support.

The New Business & Others segment operates a solutions business providing Industrial IoT (IIoT) hardware, software, and cloud environments. Additionally, Yokogawa Pioneonics handles real estate-related operations. Through these initiatives, Yokogawa Electric pursues diversified business operations.

Yokogawa Electric is developing long-term management vision and medium-term business plans to achieve sustainable growth. In fiscal 2021, the company announced "Accelerate Growth 2023 (AG2023)," establishing a foundation toward its ideal state in 2030. Building on this, Yokogawa launched "Growth for Sustainability 2028 (GS2028)" starting in fiscal 2024, strengthening business activities from environmental, social, and governance perspectives.

GS2028 is built on four core strategies. First, as a trusted partner in System of Solutions (SoS), the company aims to deliver value through IA2IA and Smart Manufacturing. Second, it will strengthen industry-specific capabilities and expand business less dependent on particular sectors. Third, it will leverage human and intellectual capital to drive new value creation. Finally, it will strengthen management and business foundations to improve company-wide profitability and advance digital transformation strategy.

Yokogawa Electric has established sustainability goals called "Three Goals" to realize a sustainable society. These include "decarbonized society," "circular economy," and "improved human health and well-being," which the company views as business opportunities. Based on its long-term management vision, Yokogawa aims to lead in solving social challenges and achieve sustainable growth.