Yamaha : Presentation of Financial Statements (PDF 978 KB)
August 04, 2022 at 01:17 am
Share
Analyst and Investor Briefing on
First Quarter of FY2023.3
(Fiscal year ending March 31, 2023)
August 4, 2022
Yamaha Corporation
FY2023.3 1Q Highlights
Overview
Performance in FY2023.3 1Q
Although lockdowns in China and semiconductor procurement difficulties had negative effects, revenue increased due to the impact of exchange rates.
Cost increases were more than offset by price optimization, the core operating profit decreased due to limited impact of exchange rates amid decline in actual sales.
Outlook
Full Year Forecasts for FY2023.3
Although revision of the US$ exchange rate will sharply increase revenue, the impact on profit will be limited.
Revenue is expected to decrease slightly in real terms from previous projections, due to factors including prolonged lockdowns in China.
Continue efforts to ensure price optimization for rising procurement and energy costs.
1
1. Performance Summary
FY2023.3 1Q Performance
FY2023.3
(three months)
Full Year Outlook
FY2023.3 1Q (Three Months) Summary
(billions of yen)
FY2022.3 1Q
FY2023.3 1Q
Change (YoY)
Revenue
102.5
105.9
+3.4
+3.3%*2
Core Operating
13.4
11.0
-2.4
-18.0%
Profit
(13.1%)
(10.4%)
(Core Operating Profit Ratio)
Net Profit*1
13.4
8.6
-4.8
-35.9%
*2
-5.9%
Exchange Rate (yen)
(Excluding the impact
of exchange rate)
Revenue
US$
110
130
(Average rate during
EUR
132
138
the period)
Profit
US$
110
127
(Settlement rate)
EUR
127
130
*1 Net profit is presented as net profit attributable to owners of parent on the consolidated financial statements.
3
FY2023.3 1Q Performance
FY2023.3
(three months)
Full Year Outlook
Core Operating Profit Analysis
Versus previous year
(billions of yen)
Labor cost at
Impact of
overseas
Ocean
exchange rates
factories
Cost increase
-0.2
freight
1.1
-0.9
charges
-1.5SG&A -0.9
13.4
11.0
FY2022.3 1Q
FY2023.3 1Q
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Yamaha Corporation published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 00:16:04 UTC.
Yamaha Corporation is a diversified group organized around 4 areas of activity:
- design and manufacturing of music instruments (64.1% of net sales): pianos, digital music instruments, wind instruments, string instruments, percussion instruments, music software, etc. The group is also providing training services in music and English language;
- production of audio and IT equipments (27.9%): loud speakers, online karaoke equipments, routers, conference systems, etc.;
- other (8%): sale of electronic equipments, golf products, automotive interior components, etc.
Net sales are distributed geographically as follows: Japan (29%), North America (20%), Europe (20%), China (16%) and others (15%).