Servo & robots · No.1 servo (Motoman)
Yaskawa Electric
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.
6506.T Updated Jul 12, 2026 4 AI consumers· 3 recurring
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).
Financials & Segments
- Total revenue · FY2025 (ended Feb 2026) revenue JPY 542.1bn (+0.8%), Robotics JPY 119.2bn (+6.4%); 18M servos installed
- Customer concentration · No.1 high-end servo; combines reducers.
- Segments · Servo motors/motion · Robots (Motoman) · Inverters/drives
Revenue from
- Industrial · automation (robots · servos) High confidence
Supplies Motoman robots and servos across industrial automation (world No.1 high-end servo); the installed base generates recurring parts/service revenue.Confirms EN YASKAWA Electric Published Apr 10, 2026: Yaskawa FY2025 (ended Feb 2026) results — revenue JPY 542.1bn, Robotics JPY 119.2bn - EV · semiconductors (servos · inverters) High confidence
Supplies servos and inverters into EV and semiconductor-equipment automation — a growth channel tied to EV/fab capex.Confirms EN YASKAWA Electric Published Apr 10, 2026: Yaskawa FY2025 (ended Feb 2026) results — revenue JPY 542.1bn, Robotics JPY 119.2bn
Pays to
- Magnets · components · manufacturing (undisclosed) Medium confidence
Permanent magnets, parts and manufacturing. - Harmonic Drive Systems Medium confidence
Combines Harmonic Drive precision reducers in articulated-robot joints (servos in-house) — robot volume propagates into Harmonic demand downstream. - Nabtesco Medium confidence
Combines Nabtesco RV reducers in larger, high-payload robots — dual-sourcing reducers alongside Harmonic Drive.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Yaskawa Electric | node | -10.7 | +7.2 | +13.2 | -18.3 | +10.4 | -5.7 |
| Harmonic Drive Systems | benef1 | -42.7 | -2.5 | -16.1 | +24.9 | -23.8 | +68.9 |
| Nabtesco | benef1 | -22.8 | +9 | -22.3 | +0.4 | +54.1 | +7.5 |
YTD as of 2026-09-04 · source: Yahoo Finance
Yaskawa Electric operates across Nikkei, Servo & robots, No.1 servo (Motoman). It is -5.7% in 2026. The supply side (avg +38.2%) leads the stock (-5.7%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Harmonic Drive Systems (+68.9%) and the furthest behind is Nabtesco (+7.5%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. The servo axis of humanoid motion control.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 1 · Hold 2 · Sell 0 · Avg. target ¥7,100 · Price ¥4,570 (09-04) · Upside +55%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Morgan Stanley MUFG Securities | 強気 (Overweight) | ¥7,500 | Jul 3, 2026 | Report ↗ |
| Major U.S. brokerage (undisclosed) | 中立 (Neutral) | ¥7,300 | Jul 1, 2026 | Report ↗ |
| Major U.S. brokerage (undisclosed) | 中立 (Neutral) | ¥6,500 | Jun 16, 2026 | Report ↗ |
Target-price hikes clustered in June-July 2026 on AI/robotics demand recovery; consensus is Buy (average target ~JPY 6,859) with Morgan Stanley MUFG lifting its target to JPY 7,500.