Full Year 2021 Yamaha Corp Earnings Presentation Transcript

May 11, 2021 / 01:00AM GMT
Presentation
May 11, 2021 / 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

This is Nakata. Thank you for your participation. I'd like to start the presentation on Yamaha's FY March 2021 results.

First, on the cover page, we are showing the pictures of our new products released during the past fiscal year.

And on Page 1, we are showing the highlights of FY March 2021 results. To give you the conclusion, we achieved the results that exceeded the previous forecast. However, both the revenue and profit declined in a year-on-year comparison. The main reasons are the same as the first 9 months, but we suffered from the lowered demand due to COVID-19, especially during the first half of the year. And we also faced the

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