Q1 2025 Yamaha Corp Earnings Presentation Transcript

Jul 31, 2024 / 08:00AM GMT

Release Date Price: $7.84

Transcript

Satoshi Yamahata

Yamaha Corp - Managing Executive Officer, Chief Director of Corporate, Director

I'd like to start my presentation. Please refer to page 1 on our first quarter performance. Revenue increased year-over-year due to strong B2B sales of audio equipment and the impact of exchange rates. However, in real terms, revenue decreased due to weak sales of musical instruments caused by prolonged sluggish market in China. Core operating profit increased due to the impact of foreign exchange rates, offsetting the actual profit decrease of musical instruments. The full year forecast were revised due to China's slow market recovery despite the positive effects of structural reforms. We also included the impact of the early

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