▲▲▲▲▲ ▲20001980

▲19901960

▲197019401915

▲1920

▲1930

▲1950 2016 (Year)

¥391.4

¥78.4

¥7.3

¥352.6

¥247.8

¥7.0

¥15.9¥16.2

28.0%

20.5%

¥31.6

67.3%

¥31.0

Net sales (Billions of yen)

Operating income (Billions of yen)

Net sales outside Japan ratio (%)

¥1.9 ¥5.0

1933 Started research and manufacture of aviation equipment and flow, temperature, and pressure controllers

1948Made public offering of the Company’s stock

1915Tamisuke Yokogawa, Doctor of Architectural Engineering, established an electric meter research institute in Shibuya, Tokyo with Ichiro Yokogawa and Shin Aoki

1917First to produce and sell electric meters in Japan

1920Incorporated as Yokogawa Electric Works Ltd.

1950Developed Japan’s first electronic recorder

1955Signed a technical assistance agreement for industrial instru-ments with Foxboro, USA

1957Established Yokogawa Electric Works, Inc. as North American sales office

1964Made a full-scale entry to the industrial analyzer market

1969Developed world’s first vortex flowmeter

1974● Established Yokogawa Electric

Singapore Pte. Ltd. as Singapore plant

● Established Yokogawa Electric (Europe) B. V. as European sales office

The Yokogawa Group traces its history back to the establishment on September 1, 1915 of an electric meter research institute in the Shibuya district of Tokyo. Ever since, Yokogawa has continued to ex-pand its business, focusing mainly on the measurement, control, and information technology fields. Taking the initiative to constantly transform itself in response to dramatic social and economic change, the Company has established an impressive track record of continuous expansion while contributing to the growth and development of industry through solutions.

Today, Yokogawa has become a global leader in the industrial automation and control field with a Group-wide workforce of around 20,000 dedicated employees.

Yokogawa is working to resolve social issues through business activities with the aim of contrib-uting to society and to a sustainable global environment.

Founder Tamisuke Yokogawa and Shibuya factory

Reforming the industrial automation and con-trol businessShifted focus from the product business to the solution business

■ Announced long-term business framework and Transformation 2017 mid-term business plan

■100th anniversary of the Yokogawa Group

Released CENTUM, the world’s first distributed process control system

1915

1997- 2015

1975

The History of Yokogawa

2017 Yokogawa Report

▲▲▲▲▲ ▲20001980

▲19901960

▲197019401915

▲1920

▲1930

▲1950 2016 (Year)

¥391.4

¥78.4

¥7.3

¥352.6

¥247.8

¥7.0

¥15.9¥16.2

28.0%

20.5%

¥31.6

67.3%

¥31.0

Net sales (Billions of yen)

Operating income (Billions of yen)

Net sales outside Japan ratio (%)

¥1.9 ¥5.0

▲▲▲▲▲ ▲20001980

▲19901960

▲197019401915

▲1920

▲1930

▲1950 2016 (Year)

¥391.4

¥78.4

¥7.3

¥352.6

¥247.8

¥7.0

¥15.9¥16.2

28.0%

20.5%

¥31.6

67.3%

¥31.0

Net sales (Billions of yen)

Operating income (Billions of yen)

Net sales outside Japan ratio (%)

¥1.9 ¥5.0

1983Formed Yokogawa Hokushin Elec-tric Corp. through merger with Hokushin Electric Works, Ltd.

1986● Jointly established Xiyi Yokoga-

wa Co., Ltd. in Xian, China, with Xian Instruments Factory

● Changed the Company name to Yokogawa Electric Corporation

1988Entered the high-frequency measuring instruments business

2005Established Yokogawa Electric International Pte. Ltd. in Singa-pore to oversee the global industrial automation business

2008Entered the drug discovery support market with new bio test system

2010Transferred the measuring instruments business to Yokogawa Meters & Instruments Corporation

2013Formed Yokogawa Solution Service Corporation to handle sales, engineering, and services for the Japan industrial automa-tion business

2016Acquired KBC Advasnced Technologies

1990Established Yokogawa Middle East E.C. in Bahrain

1996Released a confocal scanner and entered the biotechnology business

2002Acquired all the shares of Ando Electric Co., Ltd.

Founding PrinciplesQuality first Pioneering spirit Contribution to society

The Founder’s AspirationsIn his instructions to Ichiro Yokogawa and Shin Aoki, Dr. Tamisuke Yokogawa said, “You don’t need to worry about profits. Just learn and improve our technology. You must make products that earn us the respect of our customers.” This is the origin of the founding principles that have been handed down for a century as the pioneering spirit.

Although first set into words in 1988, the Yokoga-wa Philosophy is based on these founding principles, and is embodied in the code of conduct that guides employees in the performance of their daily tasks and in all pronouncements on our corporate objectives.

*Consolidated accounting from FY1990

As a company, our goal is to contribute to society through broad-ranging activities in the areas of measurement, control, and infor-mation.

Individually, we aim to combine good citizen-ship with the courage to innovate.

The Yokogawa Philosophy

FY2016 Operating ResultsOperating income ¥31.6 billion

ROS 8.1%

EPS ¥96.4

ROE 10.4%

ROA 6.0%

Net sales ¥391.4 billion

012017 Yokogawa Report