Q3 2023 Yamaha Corp Earnings Presentation Transcript

Feb 08, 2023 / 01:00AM GMT
Presentation
Feb 08, 2023 / 01:00AM GMT

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Corporate Participants
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* Takuya Nakata
Yamaha Corporation - President, Representative Executive Officer & Director

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Takuya Nakata - Yamaha Corporation - President, Representative Executive Officer & Director

I'd like to start a briefing on the highlights of the first 3 quarters of FY March 2023. During the first 3 quarters, although we face challenges such as semiconductor shortages, reduced demand for entry-level models and COVID-related disruption in China, the revenue increased year-on-year partly due to the favorable exchange rates. The profit also increased year-on-year due to the increased revenue, including the price adjustments in response to rising costs and the impact of exchange rates. As for the full year forecast due to the continued COVID-related disruptions in China and the further decline of consumption in Europe, we revised it downward from the previous forecast. However, on the year-on-year comparison, we are expecting

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