Q2 2025 Yamaha Corp Earnings Presentation Transcript

Nov 01, 2024 / 08:00AM GMT

Release Date Price: $7.34 (-4.43%)

Transcript

Atsushi Yamaura

Yamaha Corp - President, Representative Executive Officer

I am Yamaura.

Thank you very much for joining.

I'd like to present the financial results of the second quarter for the fiscal year, ending in March of 2025. I'd like to start by presenting the highlights of the first half of fiscal year ending in March of 2025.

Despite the strong performance of B2B sales of audio equipment and the impact of Yen depreciation. Revenue decreased year-over-year in real terms due to weak sales of musical instruments caused by a prolonged sluggish market in China.

Core operating profit increased due to a major rise in audio equipment and the impact of foreign exchange rates more than offsetting the profit decrease of musical instruments.

Given the further deceleration in the Chinese piano market, we

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