Q3 2025 Yamaha Corp Earnings Presentation Transcript

Feb 05, 2025 / NTS GMT
Presentation
Feb 05, 2025 / NTS GMT

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Corporate Participants
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* Jun Nishimura
Yamaha Corp – Operating Officer

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Conference Call Participants
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* Editor

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Jun Nishimura – Yamaha Corp – Operating Officer

Hello everyone. My name is Nishimura. I will be presenting to you the financial results of the third quarter for the fiscal year ending in March 2025. If you can, please have a look at page 1. I would like to go over the highlights of the third quarter.

First for the performance of Q3 year-to-date, we experienced continued strong performance of B2B audio equipment sales recovery of digital pianos, an impact of yen depreciation. However, the revenue decline in real terms due to continued weak musical instrument business, reflecting the sluggish Chinese market.

The core operating profit increased due to a significant profit increase in audio equipment business, positive effects impact and reduction in SG&A cost,

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