Q1 2023 Yamaha Corp Earnings Presentation Transcript

Aug 04, 2022 / 01:00AM GMT

Release Date Price: $13.37

Transcript

Satoshi Yamahata

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

Now I'd like to start the briefing on the first quarter of FY March 2023.

Please turn to Page 1 of the presentation material. Here, we are showing the highlights of the first quarter results.

Even though we were impacted by the lockdowns in China and the semiconductor procurement difficulties, helped by the foreign exchange rates, the revenue increased year-on-year. As for the core operating profit, the cost increases were more than offset by the price optimization. But due to the decline in the actual sales and the limited impact of the exchange rate on the profit, it decreased year-on-year.

In the previous year, we

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