Q3 2020 Yamaha Corp Earnings Presentation Transcript

Feb 07, 2020 / 01:00AM GMT

Release Date Price: $18.14

Transcript

Satoshi Yamahata

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

I'd like to start the presentation on the third quarter of FY March 2020 using the PowerPoint slides. Please refer to Page 1.

Here are the results of the first 9 month. The strong sales of musical instruments continued, but the impact of exchange rates and the sluggish market for industrial machinery and components resulted in a year-on-year decline in the revenue and profit. The revenue was JPY 322.6 billion, which was down 2.7% year-on-year. The core operating profit was JPY 42.4 billion, down 5.5%, likewise. And the core operating profit ratio was 13.1%, down 0.4 percentage point.

As for the full year outlook, we revised

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