Full Year 2026 Yamaha Corp Earnings Presentation Transcript
Now, I will explain the financial results for FY [2026.3].
First, here is an overview of the results. Although the Chinese market remained sluggish and strong demand for audio equipment for professional use in Europe and the US had declined, revenue remained on par with the previous year due to a recovery in sales in the musical instruments business and the continued depreciation of the yen.
However, while we advanced structural reforms in challenging businesses and price optimization, core operating profit declined due to the impact of additional US tariffs, soaring costs for parts and raw materials, and a deterioration in the product mix resulting from lower sales of digital mixers.
For the fiscal year ending March 2027, we expect revenue to return
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