Q3 2021 Yamaha Corp Earnings Presentation Transcript

Feb 05, 2021 / 01:00AM GMT
Presentation
Feb 05, 2021 / 01:00AM GMT

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Corporate Participants
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* Satoshi Yamahata
Yamaha Corporation - Managing Executive Officer, Executive GM of Corp. Mgt., HR & Gen. Administration Unit and Director

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Satoshi Yamahata - Yamaha Corporation - Managing Executive Officer, Executive GM of Corp. Mgt., HR & Gen. Administration Unit and Director

This is Yamahata. Thank you very much for participating in Yamaha's results briefing, sparing your precious time. I'd like to start the presentation on the first 9 months of FY March 2021.

Please turn to Page 1. First, I'd like to give you the overview of the first 9 months. The stay-at-home demand fueled the recovery trend in the market conditions, but the supply shortages continued throughout the first 9 months. However, when you look at the third quarter alone, even though the revenue declined JPY 6.6 billion year-on-year, the core operating profit decline was only JPY 0.3 billion. Therefore, the core operating profit ratio turned out

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