Q1 2022 Yamaha Corp Earnings Presentation Transcript

Aug 05, 2021 / 01:00AM GMT

Release Date Price: $18.2

Transcript

Satoshi Yamahata

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

I'll make a presentation using the presentation file for this briefing. Page 1 describes the results of the first quarter of fiscal year ending on March 31, 2022. Despite disrupted logistics and semiconductor shortages, revenue and profit both increased year-on-year, supported by firm demand. Net profit returned to a profit of JPY 13.4 billion from a loss recorded in the same period previous year. The outlook remains uncertain, because of COVID-19 resurgence, and semiconductor and other supply shortages despite firm demand. So we will stick to previous projections we announced in May 2021.

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