{"slug":"yaskawa","name":"Yaskawa Electric","name_en":"Yaskawa Electric","ticker":"6506.T","updated_at":"2026-07-12T08:24:09.026+00:00","canonical":"https://valuechain.wiki/yaskawa","same_as":["https://finance.yahoo.com/quote/6506.T"],"citable":"밸류체인 그래프 기준 Yaskawa Electric의 직접 연결 기업은 2곳(관계 기준 공급 2·매출 0)이고, 사슬을 2차까지 넓히면 2곳에 닿는다. 링크의 근거 출처는 4건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Yaskawa Electric is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 2 companies within two hops; the links are backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"닛케이 · 서보·로봇 · 서보모터 세계 1위(Motoman)","kicker_en":"Nikkei · Servo & robots · No.1 servo (Motoman)","lead":"고급 서보모터 세계 1위이자 빅4 산업로봇(Motoman) 기업. 서보 1,800만대·인버터 3,000만대·로봇 54만대를 공급했다. 서보모터를 로봇 관절로 자체 생산하면서, 다관절 로봇엔 하모닉·RV 감속기를 결합한다. 휴머노이드 모션 제어의 서보 축.","lead_en":"The world leader in high-end servo motors and a big-four industrial-robot (Motoman) maker. It has shipped 18M servos, 30M inverters and 540k robots. It makes servos in-house as robot joints while combining harmonic and RV reducers in articulated robots. The servo axis of humanoid motion control.","segments":{"fy":2025,"parts":[{"desc":"고급 서보모터 세계 1위. 로봇 관절·EV·반도체 장비 모션제어의 핵심 부품(설치 1,800만대).","name":"서보모터·모션제어"},{"desc":"빅4 산업로봇 Motoman. 서보 자체 생산+감속기 결합의 수직통합.","name":"산업로봇(Motoman)"},{"desc":"인버터·드라이브(설치 3,000만대) — 자동화·전력전자 기반.","name":"인버터·드라이브"}],"total":"FY2025(2026.2 종료) 매출 ¥5,421억(+0.8%)·로보틱스 ¥1,192억(+6.4%); 서보 1,800만대 설치","concentration":"고급 서보 1위. 감속기 결합."},"segments_en":{"fy":2025,"parts":[{"desc":"World No.1 high-end servo motors; the core motion-control part for robot joints, EV and semi equipment (18M installed).","name":"Servo motors/motion"},{"desc":"Big-four industrial robot Motoman; vertically integrated with in-house servos plus reducers.","name":"Robots (Motoman)"},{"desc":"Inverters and drives (30M installed) — the automation/power-electronics base.","name":"Inverters/drives"}],"total":"FY2025 (ended Feb 2026) revenue JPY 542.1bn (+0.8%), Robotics JPY 119.2bn (+6.4%); 18M servos installed","concentration":"No.1 high-end servo; combines reducers."},"returns_yearly":{"2021":-10.7,"2022":7.2,"2023":13.2,"2024":-18.3,"2025":10.4,"2026":42.7},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"harmonic-drive","name":"Harmonic Drive","name_en":"Harmonic Drive Systems","tier":1,"returns_yearly":{"2021":-42.7,"2022":-2.5,"2023":-16.1,"2024":24.9,"2025":-23.8,"2026":132.3}},{"slug":"nabtesco","name":"Nabtesco","name_en":"Nabtesco","tier":1,"returns_yearly":{"2021":-22.8,"2022":9,"2023":-22.3,"2024":0.4,"2025":54.1,"2026":30.9}}],"analysis":"투자 논점은 로봇·자동화의 핵심 부품인 고급 서보모터에서 세계 1위이자 빅4 산업로봇을 겸하는 수직 지위다. 서보모터를 로봇 관절로 자체 생산하는 통합 구조라 모션제어 정밀도에서 앞서고, 서보 1,800만대·로봇 54만대 설치기반이 반복 부품·서비스 수요를 낳는다. EV·반도체 장비의 자동화 투자와 휴머노이드 모션제어가 서보·인버터 수요의 새 축이며, 다관절 로봇에는 하모닉·나브테스코 감속기를 결합해 부품사와 사슬을 공유한다 — 로봇 수요가 커지면 감속기(하모닉·RV) 쪽으로 전파되는 상류-하류 연결이다. 위험은 산업 자동화 capex의 경기 민감성과, 감속기·영구자석 등 핵심 부품 조달 가격이다.","analysis_en":"The thesis is a vertical position as world No.1 in high-end servo motors — the core part of robots and automation — while also being a big-four industrial-robot maker. Making servos in-house as robot joints gives it an edge in motion-control precision, and an installed base of 18M servos and 540k robots generates recurring parts and service demand. Automation investment in EV and semiconductor equipment plus humanoid motion control are new axes of servo/inverter demand, and it combines Harmonic and Nabtesco reducers in articulated robots, sharing the chain with parts makers — so rising robot demand propagates downstream into reducers (harmonic, RV). Risks are the cyclicality of industrial-automation capex and the input prices of key parts like reducers and permanent magnets.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"산업·자동화 (로봇·서보)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"revenue_yoy_pct":0.8,"robotics_jpy_bn":119.2,"robotics_yoy_pct":6.4,"group_revenue_jpy_bn":542.1},"note":"산업·자동화 전반에 Motoman 로봇·서보모터 공급(고급 서보 세계 1위) — 설치기반이 반복 부품·서비스 매출을 낳는다.","note_en":"Supplies Motoman robots and servos across industrial automation (world No.1 high-end servo); the installed base generates recurring parts/service revenue.","sources":[{"stance":"confirms","publisher":"YASKAWA","publisher_en":"YASKAWA Electric","kind":"filing","lang":"en","published_at":"2026-04-10","url":"https://www.yaskawa-global.com/wp-content/uploads/2026/04/254Q_script_E.pdf","title":"야스카와 FY2025(2026.2 종료) 결산 — 매출 ¥5,421억, 로보틱스 ¥1,192억","title_en":"Yaskawa FY2025 (ended Feb 2026) results — revenue JPY 542.1bn, Robotics JPY 119.2bn","excerpt":"야스카와 FY2025(2026.2 종료) 매출 5,421억엔(+0.8%). 로보틱스 1,192억엔(+6.4%, 중국·아시아 수요)이나 대형 프로젝트 저마진으로 영업익 -14%. FY2026은 AI·반도체 수요로 회복 전망. 고급 서보모터 세계 1위(설치 1,800만대).","excerpt_en":"Yaskawa FY2025 (ended Feb 2026) revenue JPY 542.1bn (+0.8%). Robotics JPY 119.2bn (+6.4% on China/Asia demand) but operating profit -14% on low-margin large projects. FY2026 seen recovering on AI/semiconductor demand. World No.1 in high-end servo motors (18M installed)."},{"stance":"confirms","publisher":"Morningstar","publisher_en":"Morningstar","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://www.morningstar.com/company-reports/1259190-yaskawa-electric-earnings-expecting-strong-growth-in-2025-driven-by-servo-and-robotic-recovery","title":"Yaskawa 2025 서보·로봇 회복 성장","title_en":"Yaskawa 2025 growth on servo and robotic recovery","excerpt":"산업·자동화에 Motoman 로봇·서보모터 공급(서보 1위).","excerpt_en":"Motoman robots and servos to industrial/automation (No.1 servo)."},{"stance":"confirms","publisher":"Yaskawa/TSE","publisher_en":"Yaskawa/TSE","kind":"filing","lang":"ja","published_at":"2025-04-10","url":"https://www.yaskawa-global.com/ir","title":"Yaskawa 회사·IR(도쿄거래소 6506)","title_en":"Yaskawa company/IR (TSE 6506)","excerpt":"산업·자동화에 Motoman 로봇·서보모터 공급(서보 1위).","excerpt_en":"Motoman robots and servos to industrial/automation (No.1 servo)."}]},{"direction":"revenue","counterparty":"EV·반도체 (서보·인버터)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"revenue_yoy_pct":0.8,"robotics_jpy_bn":119.2,"robotics_yoy_pct":6.4,"group_revenue_jpy_bn":542.1},"note":"EV·반도체 장비 자동화에 서보모터·인버터 공급 — 전방 EV·팹 capex에 연동되는 성장 채널.","note_en":"Supplies servos and inverters into EV and semiconductor-equipment automation — a growth channel tied to EV/fab capex.","sources":[{"stance":"confirms","publisher":"YASKAWA","publisher_en":"YASKAWA Electric","kind":"filing","lang":"en","published_at":"2026-04-10","url":"https://www.yaskawa-global.com/wp-content/uploads/2026/04/254Q_script_E.pdf","title":"야스카와 FY2025(2026.2 종료) 결산 — 매출 ¥5,421억, 로보틱스 ¥1,192억","title_en":"Yaskawa FY2025 (ended Feb 2026) results — revenue JPY 542.1bn, Robotics JPY 119.2bn","excerpt":"야스카와 FY2025(2026.2 종료) 매출 5,421억엔(+0.8%). 로보틱스 1,192억엔(+6.4%, 중국·아시아 수요)이나 대형 프로젝트 저마진으로 영업익 -14%. FY2026은 AI·반도체 수요로 회복 전망. 고급 서보모터 세계 1위(설치 1,800만대).","excerpt_en":"Yaskawa FY2025 (ended Feb 2026) revenue JPY 542.1bn (+0.8%). Robotics JPY 119.2bn (+6.4% on China/Asia demand) but operating profit -14% on low-margin large projects. FY2026 seen recovering on AI/semiconductor demand. World No.1 in high-end servo motors (18M installed)."},{"stance":"confirms","publisher":"Yaskawa/TSE","publisher_en":"Yaskawa/TSE","kind":"filing","lang":"ja","published_at":"2025-04-10","url":"https://www.yaskawa-global.com/ir","title":"Yaskawa 회사·IR(도쿄거래소 6506)","title_en":"Yaskawa company/IR (TSE 6506)","excerpt":"EV·반도체 장비용 서보·인버터.","excerpt_en":"Servos and inverters for EV and semiconductor equipment."}]},{"direction":"cost","counterparty":"자석·부품·제조 (비공개)","counterparty_slug":null,"confidence":"mid","metric":{"fy":2025,"relationship":"robot_component"},"note":"영구자석·부품·제조.","note_en":"Permanent magnets, parts and manufacturing.","sources":[{"stance":"confirms","publisher":"Yaskawa/TSE","publisher_en":"Yaskawa/TSE","kind":"filing","lang":"ja","published_at":"2025-04-10","url":"https://www.yaskawa-global.com/ir","title":"Yaskawa 회사·IR(도쿄거래소 6506)","title_en":"Yaskawa company/IR (TSE 6506)","excerpt":"영구자석·부품·제조.","excerpt_en":"Permanent magnets, parts and manufacturing."}]},{"direction":"cost","counterparty":"Harmonic Drive","counterparty_slug":"harmonic-drive","confidence":"mid","metric":{"fy":2025,"relationship":"robot_component"},"note":"다관절 로봇 관절에 하모닉드라이브 정밀 감속기를 결합(서보는 자체 생산) — 로봇 물량이 하모닉 수요로 전파되는 하류 연결.","note_en":"Combines Harmonic Drive precision reducers in articulated-robot joints (servos in-house) — robot volume propagates into Harmonic demand downstream.","sources":[{"stance":"confirms","publisher":"Morningstar","publisher_en":"Morningstar","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://www.morningstar.com/company-reports/1259190-yaskawa-electric-earnings-expecting-strong-growth-in-2025-driven-by-servo-and-robotic-recovery","title":"Yaskawa 2025 서보·로봇 회복 성장","title_en":"Yaskawa 2025 growth on servo and robotic recovery","excerpt":"로봇 관절에 하모닉 감속기 결합(서보는 자체).","excerpt_en":"Combines harmonic reducers in robot joints (servos in-house)."},{"stance":"confirms","publisher":"Morgan Stanley","publisher_en":"Morgan Stanley","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://advisor.morganstanley.com/john.howard/documents/field/j/jo/john-howard/The_Humanoid_100_-_Mapping_the_Humanoid_Robot_Value_Chain.pdf","title":"휴머노이드 가치사슬 지도(서보·감속기)","title_en":"Mapping the humanoid robot value chain","excerpt":"로봇 관절에 하모닉 감속기 결합(서보는 자체).","excerpt_en":"Combines harmonic reducers in robot joints (servos in-house)."}]},{"direction":"cost","counterparty":"Nabtesco","counterparty_slug":"nabtesco","confidence":"mid","metric":{"fy":2025,"relationship":"robot_component"},"note":"대형·고하중 로봇에 나브테스코 RV 감속기 결합 — 하모닉과 함께 감속기 이원 조달.","note_en":"Combines Nabtesco RV reducers in larger, high-payload robots — dual-sourcing reducers alongside Harmonic Drive.","sources":[{"stance":"confirms","publisher":"Yaskawa/TSE","publisher_en":"Yaskawa/TSE","kind":"filing","lang":"ja","published_at":"2025-04-10","url":"https://www.yaskawa-global.com/ir","title":"Yaskawa 회사·IR(도쿄거래소 6506)","title_en":"Yaskawa company/IR (TSE 6506)","excerpt":"대형 로봇에 나브테스코 RV 감속기 결합.","excerpt_en":"Combines Nabtesco RV reducers in larger robots."}]}]}