Q3 2026 Yamaha Corp Earnings Presentation Transcript

Feb 04, 2026 / 08:00AM GMT

Release Date Price: $7.02 (-2.36%)

Transcript

Jun Nishimura

Yamaha Corp - Executive Officer, Chief Director of Business

(spoken by Al) Now, I will explain the details of the third quarter financial results. Please refer to the slides for briefing on third quarter.

First, let's look at the key points of the financial results on page 1. Regarding the earnings overview, nine months' results for the third quarter showed that revenue declined due to the sluggish market conditions in China and the absence of last year's high demand of audio equipment for professional use in Europe and the US. Core operating profit declined due to the sluggish market conditions in China. Reduced sales of high margin audio equipment for professional use and the impact of additional US tariffs.

Now the full year forecast. We are revising our revenue forecast upward due to the weakening yen. However, we

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