Q2 2023 Yamaha Corp Earnings Presentation Transcript

Nov 04, 2022 / 01:00AM GMT

Release Date Price: $12.53

Transcript

Takuya Nakata

Yamaha Corporation - President, Representative Exe. Officer, Executive GM of Musical Instruments Business Unit & Director

Now I'd like to start the briefing on the results of the first half of FY March 2023. Please turn to Page 1 of the presentation material. Here, we are showing the highlights of the first half performances. The overview of the FY March 2023 first half results are summarized in these 3 bullet points.

First, the prolonged impact of lockdowns in China, which we explained during the first quarter briefing continued to affect us, and the semiconductor procurement difficulties continually stayed with us. Meanwhile, due to the favorable exchange rates, the revenue increased year-on-year. However, if we exclude the exchange rate impact, the actual

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