Full Year 2023 Yamaha Corp Earnings Presentation Transcript

May 10, 2023 / 01:00AM GMT
Presentation
May 10, 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

This is Nakata, the President of Yamaha Corporation. Thank you very much for sparing your precious time today to attend our results briefing. I would also like to extend my deepest appreciation to your continued support.

Now I'd like to start a briefing on the full year results of FY March 2023. I'd like to explain using the presentation slides. So please turn to Page 1 for the highlights. Throughout FY March 2023, we achieved year-on-year increase in both the revenue and profits. The revenue was impacted by the semiconductor procurement difficulties, the decreased demand for entry-level models and the turmoil caused by COVID cases in China, but it increased due to the price optimization and the depreciation of yen. The core

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