Full Year 2025 Yamaha Corp Earnings Presentation Transcript

May 08, 2025 / 08:00AM GMT

Release Date Price: $7.5

Transcript

Jun Nishimura

Yamaha Corp - Executive Officer, President of Subsidiary

I am Nishimura. I will now take you through the financial results of the fiscal year ended March 2025. I will start with highlights of the results. The full year ended March 2025 revenue was almost flat year-on-year with continued slump in the musical instruments business due to sluggish market conditions in China despite continued strong performance of B2B audio equipment and weaker yen. Core operating profit increased driven by the impact of FX, significant profit growth in the Audio Equipment business, structural reform last fiscal year and the curbing of SG&A spending, which more than offset the decline of revenue in real terms.

Net income decreased mainly due toJPY14.3 billion worth of structural reform expenses, including impairment loss on piano manufacturing

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