Full Year 2020 Yamaha Corp Earnings Presentation Transcript

May 27, 2020 / 01:00AM GMT
Presentation
May 27, 2020 / 01:00AM GMT

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Corporate Participants
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* Takuya Nakata
Yamaha Corporation - President, Representative Executive Officer, Executive GM of Brand Development Unit & Director

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Takuya Nakata - Yamaha Corporation - President, Representative Executive Officer, Executive GM of Brand Development Unit & Director

Good morning. My name is Nakata. Thank you for taking time out of your busy schedule to participate in our financial results briefing today. I will start by explaining our financial results. Please refer to the presentation document. Please turn to Page 1.

These are the highlights of results for the fiscal year ended March 31, 2020. There was a decline in both revenue and profit compared to the previous year. The negative impact from the new coronavirus was JPY 13.7 billion, and the negative impact from the foreign exchange was JPY 13.1 billion. These factors, combined with the sluggishness of the IMC business, resulted in a year-on-year decline in

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