Q1 2020 Yamaha Corp Earnings Presentation Transcript

Aug 02, 2019 / 01:00AM GMT

Release Date Price: €13.6 (-0.49%)

Transcript

Satoshi Yamahata

Yamaha Corporation - Managing Executive Officer, Executive GM of Corporate Management Unit & Operations Unit and Director

I'd like to start now. Please refer to the presentation titled Analyst and Investor Briefing on the First Quarter of Fiscal Year March 2020. I will explain using these slides.

First, the overview of the first quarter results. Both the revenue and profit declined year-on-year, mainly due to the deteriorating market conditions in the industrial machinery and components business and the impact of exchange rates. The revenue was JPY 99.5 billion, which was down 4.8% year-on-year, and the core operating profit was JPY 10.8 billion, which was down 13.2% year-on-year.

As for the full year outlook, the projection remains unchanged

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