Aug 03, 2023 / 01:00AM GMT
Presentation
Aug 03, 2023 / 01:00AM GMT
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Corporate Participants
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* Satoshi Yamahata
Yamaha Corporation - Managing Executive Officer, Executive GM of Corporate Administration Unit & Director
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Satoshi Yamahata - Yamaha Corporation - Managing Executive Officer, Executive GM of Corporate Administration Unit & Director
Now I'd like to start a briefing on the first quarter results. Please turn to Page 1 of the presentation for the highlights. Although the demand for entry-level models continue to decline and the recovery in the Chinese market was slow, the revenue increased a little, partly due to the positive impact of exchange rates.
The core operating profit decreased due to the deteriorated model mix with the sales decline of the digital pianos, especially the entry models and the production adjustment of the pianos in China.
As for the full year forecast, we revised the core operating profit forecast downward due to the factors such as the lowered digital piano sales
Q1 2024 Yamaha Corp Earnings Presentation Transcript
Feb 15, 2024
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