Performance Outline (PDF 40 KB)

Third Quarter of FY2008.3 Performance Outline
YAMAHA CORPORATION
(billions of yen)
(Oct. 07-Dec. 07）
3Q Results
(Previous Year）
(Oct. 06-Dec. 06)
FY2008.3
148.2
3Q Results
Net Sales
Japan Sales
Initial Projections
(Apr. 07-Dec. 07)
3Q Results
(Previous Year）
(Apr. 06-Dec. 06)
FY2007.3
FY2008.3
FY2007.3
FY2008.3
FY2008.3
FY2007.3
152.0
428.9
416.5
558.0
554.0
550.4
3Q Results
Projections
Results
(Previous Year）
(Oct. 31, 2007)
66.1
(44.6%)
74.9
(49.3%)
213.3
(49.7%)
219.1
(52.6%)
282.4
(50.6%)
277.2
(50.0%)
291.3
(52.9%)
Overseas Sales
82.1
(55.4%)
77.1
(50.7%)
215.6
(50.3%)
197.4
(47.4%)
275.6
(49.4%)
276.8
(50.0%)
259.1
(47.1%)
Operating Income
14.2
(9.6%)
13.0
(8.6%)
35.5
(8.3%)
26.9
(6.5%)
33.5
(6.0%)
33.5
(6.0%)
27.7
(5.0%)
Recurring Profit
13.7
(9.2%)
15.5
(10.2%)
35.3
(8.2%)
38.5
(9.2%)
32.0
(5.7%)
33.0
(6.0%)
42.6
(7.7%)
11.4
(7.7%)
12.5
(8.2%)
42.2
(9.8%)
29.9
(7.2%)
38.0
(6.8%)
39.0
(7.0%)
27.9
(5.1%)
（*4）
117/US$
Net Income
Currency Exchange
114/US$
117/US$
118/US$
116/US$
117/US$
117/US$
Rate (=yen)
159/EUR
146/EUR
159/EUR
142/EUR
157/EUR
158/EUR
144/EUR
ROE （*1）
12.1%
14.7%
15.6%
12.0%
10.5%
10.9%
8.4%
ROA （*2）
7.3%
8.9%
9.7%
7.4%
6.6%
6.8%
5.2%
Earnings per share
‐
‐
204.5yens
145.2yens
184.2yens
189.0yens
135.2yens
Capital Expenditure
3.7
4.2
16.4
15.9
25.0
23.5
25.2
(4.9)
(5.0)
(15.5)
(14.7)
(20.6)
(20.2)
(20.0)
6.3
6.2
18.3
17.9
24.5
24.5
24.2
14.1
11.1
14.3
13.3
34.6
34.6
39.7
-22.4
(Depreciation)
R&D Expenditure
Free Cash Flow
Operating Activities
Investing Activities
Total
Inventories at period-end
2.1
-5.3
51.0
-17.1
45.5
43.4
16.2
5.8
65.3
-3.8
80.1
78.0
17.3
‐
‐
84.2
86.3
74.9
78.2
82.2
‐
‐
10,803
11,785
10,770
10,834
11,661
Number of Employees
Japan
Overseas
Total (*3)
‐
‐
15,206
14,023
15,255
15,777
14,348
‐
‐
26,009
25,808
26,025
26,611
26,009
(Newly consolidated)
Sales by Business Segment
Musical Instruments
93.0
(62.8%)
88.7
(58.4%)
263.8
(61.5%)
246.1
(59.1%)
343.0
(61.5%)
343.0
(61.9%)
326.0
(59.2%)
AV/IT
22.9
(15.4%)
22.8
(15.0%)
56.6
(13.2%)
57.6
(13.8%)
74.0
(13.3%)
72.0
(13.0%)
72.8
(13.2%)
8.9
(6.0%)
14.3
(9.4%)
36.8
(8.6%)
41.9
(10.1%)
46.5
(8.3%)
45.5
(8.2%)
54.8
(10.0%)
Electronic Equipment and
Metal Products
Lifestyle-Related
12.1
(8.2%)
12.9
(8.5%)
35.0
(8.1%)
35.4
(8.5%)
48.0
(8.6%)
46.0
(8.3%)
46.6
(8.5%)
Recreation
1.5
(1.0%)
4.2
(2.8%)
10.2
(2.4%)
13.2
(3.2%)
11.5
(2.1%)
11.5
(2.1%)
17.8
(3.2%)
Others
9.8
(6.6%)
9.0
(5.9%)
26.5
(6.2%)
22.3
(5.3%)
35.0
(6.2%)
36.0
(6.5%)
32.4
(5.9%)
Operating Income by
Business Segment
Musical Instruments
11.1
9.3
29.1
20.3
29.0
29.5
22.0
AV/IT
1.9
1.9
2.7
2.6
0.5
1.0
2.1
Electronic Equipment and
Metal Products
0.7
1.3
2.5
3.5
2.0
1.5
3.1
Lifestyle-Related
0.1
0.6
0.4
1.0
1.0
0.5
1.2
Recreation
0.0
-0.5
-0.7
-1.1
-1.0
-1.0
-1.5
Others
0.4
0.5
1.5
0.6
2.0
2.0
0.8
79.4
82.0
251.3
251.7
Non-Consolidated Basis
Net Sales
323.0
Operating Income
4.6
(5.8%)
4.3
(5.2%)
17.4
(6.9%)
14.8
(5.9%)
12.6
(3.9%)
Recurring Profit
5.5
(6.9%)
6.7
(8.2%)
20.6
(8.2%)
19.9
(7.9%)
19.9
(6.1%)
Net Income
5.4
(6.8%)
5.0
(6.1%)
63.7
(25.3%)
14.0
(5.6%)
11.3
(3.5%)
*1, 2 ROE and ROA are calculated on an annually adjusted basis.
*3 Number of Employees = Number of full-time staff at end of period + Number of temporary staff at end of period
*4 4Q Currency Exchange Rates US$=115JPY　EUR=155JPY
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.