Yamaha Corp
TSE:7951

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Yamaha Corp
TSE:7951
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Price: 1 200.5 JPY -1.23% Market Closed
Market Cap: ¥603.9B

Yamaha Corp
Investor Relations

In the expansive tapestry of global business, Yamaha Corporation stands out as a versatile titan seamlessly weaving precision engineering with artistic creativity. Founded in 1887 by Torakusu Yamaha as a piano and reed organ manufacturer, the company harnessed early expertise in sound and craftsmanship to diversify its horizons. This diversification laid the groundwork for a manufacturing powerhouse that has remained committed to quality and innovation. Yamaha's sophisticated musical instruments, which include everything from grand pianos and guitars to cutting-edge digital keyboards, are celebrated worldwide for their resonance and reliability. This reputation is strengthened by a robust global distribution network, encompassing direct sales, a network of retailers, and digital platforms, ensuring their products reach musicians from Tokyo to Toronto.

Beyond the world of music, Yamaha's operations reach into various sectors, forming a unique synergy that fuels its financial prowess. Its expertise in finely-tuned craftsmanship and engineering excellence extends to audio-visual products, motorcycles, and marine products, each segment bolstered by decades of technological advancement and brand loyalty. For instance, its motorcycles are renowned for reliability and performance, capturing significant market share across Asia, Europe, and North America. Meanwhile, Yamaha's audio and visual segments cater to the burgeoning demand for high-quality sound systems and equipment. Through strategic acquisitions and relentless innovation, the company participates in diverse markets, creating a balanced revenue stream that sustains its financial health and facilitates continued investment in research and development. This multifaceted approach not only reflects Yamaha's adaptive strategy but also exemplifies its philosophy of connecting emotion with precision in varied fields.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 4, 2026
AI Summary
Q3 2026

Revenue: Nine-month revenue fell because of weak conditions in China and the loss of last year’s unusually strong professional audio sales in Europe and the U.S.

Profit: Core operating profit also declined, pressured by weaker China demand, a worse product mix, and a negative tariff impact of JPY 2.6 billion net of countermeasures.

Outlook: Full-year revenue was raised on the weaker yen, but core operating profit was kept unchanged at JPY 33 billion.

Business mix: Musical instruments were steadier than audio equipment, while pianos remained soft and professional audio growth cooled after a strong prior-year comparison.

Returns: The annual dividend stays at JPY 26 per share, with a payout ratio of 48.8%.

Costs: Management said SG&A rose due to upfront spending in growth areas, especially professional audio, while structural reforms continued to help support profit.

Key Financials
Revenue
JPY 341.0 billion
Core operating profit
JPY 25.1 billion
Core operating profit ratio
7.4%
Net profit
JPY 20.2 billion
Musical Instruments revenue
JPY 223.3 billion
Musical Instruments core operating profit
JPY 16.4 billion
Audio Equipment revenue
JPY 104.6 billion
Audio Equipment core operating profit
JPY 8.5 billion
Full-year net profit
JPY 24 billion
Exchange rate assumption vs USD
JPY 155
Exchange rate assumption vs EUR
JPY 180
ROE
5.3%
ROIC
4.8%
Annual dividend
JPY 26 per share
Payout ratio
48.8%
Inventory
JPY 150.5 billion
Inventory excluding FX
JPY 144.5 billion
Other Earnings Calls

Management

Mr. Takuya Nakata
Chairman
No Bio Available
Mr. Atsushi Yamaura
President & Representative Executive Officer
No Bio Available
Mr. Satoshi Yamahata
Managing Executive Officer & Executive GM of Corporate Administration Unit
No Bio Available
Mr. Seiichi Yamaguchi
Managing Executive Officer, Executive GM of Musical Instruments & Audio Products Sales Unit
No Bio Available
Mr. Masato Oshiki
Executive Officer and GM of Musical Instruments & Audio Sales Headquarters
No Bio Available
Mr. Hideki Fujiwara
Managing Director of Research Wing for Yamaha Motor India
No Bio Available
Mr. Thomas Sumner
Operating Officer & President of Yamaha Corporation of America
No Bio Available
Jun Nishimura
OPerating Officer & Deputy Executive GM of Corporate Administration
No Bio Available

Contacts

Address
SHIZUOKA-KEN
Hamamatsu-shi
10-1, Nakazawa-cho, Naka-ku
Contacts
+81534601111.0
jp.yamaha.com
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