Second Quarter of FY2011.3 Performance Outline

Second Quarter of FY2011.3 Performance Outline
YAMAHA CORPORATION
October 29, 2010
(billions of yen)
Six Months
Initial Projections
Six Months Results
Six Months Results
Ended Sept. 30, 2010
Ended Sept. 30, 2009
Projections
Results
(Previous Year)
(Full Year)
(Previous Year)
FY2010.3
FY2011.3
374.0
177.3 (47.4%)
196.7 (52.6%)
11.0 (2.9%)
8.5 (2.3%)
5.0 (1.3%)
87/US$
(*5)
115/EUR
2.1%
1.3%
25.4 yen
13.9
(13.1)
23.3
FY2010.3
(announced on July 30, 2010)
FY2011.3
Net Sales
Japan Sales
Overseas Sales
Operating Income
Ordinary Income
Net Income
Currency Exchange Rate
(Settlement Rate) (=yen)
ROE (*1)
ROA (*2)
Earnings per Share
Capital Expenditure
(Depreciation)
R&D Expenditure
Free Cash Flows
Operating Activities
Investing Activities
Total
Inventories at End of Period
Number of Employees
Japan
Overseas
Total (*3)
(Changes from the changes in
the scope of consolidation)
190.0
88.5
101.5
8.0
7.0
4.0
91/US$
118/EUR
3.2%
2.0%
20.3 yen
7.1
(6.4)
11.5
(46.6%)
(53.4%)
(4.2%)
(3.7%)
(2.1%)
FY2011.3
184.3
88.9
95.4
9.3
8.4
5.0
89/US$
118/EUR
4.1%
2.5%
25.6 yen
5.5
(6.1)
11.0
(48.2%)
(51.8%)
(5.0%)
(4.5%)
(2.7%)
204.3
107.2
97.1
4.1
2.8
-0.8
96/US$
128/EUR
-0.7%
-0.4%
-4.3 yen
5.0
(6.7)
10.7
(52.4%)
(47.6%)
(2.0%)
(1.4%)
-
414.8
218.4
196.4
6.8
4.9
-4.9
93/US$
130/EUR
-2.0%
-1.2%
-25.0 yen
14.5
(14.1)
21.7
-4.6
-7.2
-11.8
76.5
-2.2
-8.7
-10.9
78.0
12.6
-10.0
2.6
81.2
23.5
-15.3
8.2
65.1
39.9
-12.7
27.2
69.5
9,600
17,400
27,000
9,582
17,347
26,929
11,033
16,413
27,446
9,500
16,800
26,300
9,628
16,030
25,658
(0)
(-1,106)
(0)
(0)
(202)
(52.7%)
(47.3%)
(1.6%)
(1.2%)
-
Sales by Business Segment
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products (*4)
Others
Operating Income by
Business Segment
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products (*4)
Others
139.5
26.5
10.5
13.5
(73.4%)
(14.0%)
(5.5%)
(7.1%)
135.0
25.4
10.3
13.6
5.5
1.0
0.5
1.0
(73.2%)
(13.8%)
(5.6%)
(7.4%)
6.4
0.6
0.9
1.3
139.7
24.5
9.6
17.9
12.6
(68.4%)
(12.0%)
(4.7%)
(8.7%)
(6.2%)
4.9
0.0
-0.8
-0.1
0.2
270.0
55.0
23.5
25.5
(72.2%)
(14.7%)
(6.3%)
(6.8%)
276.3
54.4
19.7
36.9
27.5
7.0
1.0
1.5
1.5
(66.6%)
(13.1%)
(4.8%)
(8.9%)
(6.6%)
5.1
1.4
-0.6
0.4
0.5
Non-Consolidated Basis
Net Sales
Operating Income
Ordinary Income
Net Income
133.2
3.8
8.8
6.8
(2.9%)
(6.6%)
(5.1%)
120.2
-3.0
-2.3
-4.9
-
227.9
-9.8
-8.4
-16.4
-
＊1, 2 The ROE and ROA for the interim period are calculated on an annually adjusted basis.
＊3　Number of Employees = Number of full-time staff at end of the period + Average number of temporary staff during the period
＊4　Following the handover of Lifestyle-Related Products business, this segment has been excluded from the consolidation from FY2011.3.
＊5　2H Currency Exchange Rates US$=85JPY EUR=110JPY
The forward-looking statements in this document contain inherent risks and uncertainties insofar as they are based on future projections and
plans that may differ materially from the actual results achieved.