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E D I T E D V E R S I O N
7951.T - Yamaha Corp
Q1 2026 Yamaha Corp Earnings Presentation
Aug 01, 2025 / 08:00AM GMT
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Presentation
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Unidentified_1 [1]
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Hello everyone. My name is Nishimura.
I would like to present to you the financial results for the first quarter of the fiscal year ending March 2026.
Please turn to the first page, titled Que One highlights.
First, an overview of the financial results. These are the results for the first quarter of the fiscal year ending March 2026. While the slowdown in audio equipment was as expected, the recovery pace for musical instruments, particularly pianos, was slow. Additionally, the appreciation of the JPY contributed to a decline in revenue.
Although we work to contain SGNA profit declined due to factors such as the JPY appreciation, the impact of additional US tariffs, and a deterioration in the product mix

