Performance Outline (PDF 44 KB)

Interim Period of FY2008.3 Performance Outline
YAMAHA CORPORATION
(billions of yen)
Interim Period
Initial Projections
(Aug. 1, 2007)
Interim Period
Results
Interim Period
Results
(Previous Year)
FY2008.3
FY2008.3
FY2007.3
Initial Projections
(Aug. 1, 2007)
FY2008.3
Projections
FY2008.3
Results
(Previous Year)
FY2007.3
Net Sales
280.5
280.7
264.5
557.0
558.0
550.4
Japan Sales
147.3 (52.5%)
147.2 (52.4%)
144.3 (54.6%)
279.1 (50.１%)
282.4 (50.6%)
291.3 (52.9%)
Overseas Sales
133.2 (47.5%)
133.5 (47.6%)
120.2 (45.4%)
277.9 (49.9%)
275.6 (49.4%)
259.1 (47.1%)
Operating Income
17.5 (6.2%)
21.3
(7.6%)
13.8
(5.2%)
32.0 (5.7%)
33.5
(6.0%)
27.7 (5.0%)
Recurring Profit
17.0 (6.1%)
21.6
(7.7%)
22.9
(8.7%)
30.0 (5.4%)
32.0
(5.7%)
42.6 (7.7%)
17.5
(6.6%)
38.0
(6.8%)
Currency Exchange
117/US$
30.0 (10.7%)
120/US$
115/US$
116/US$
117/US$
(*4)
Rate (=yen)
155/EUR
158/EUR
140/EUR
155/EUR
157/EUR
Net Income
30.8 (11.0.%)
35.5 (6.4%)
27.9 (5.1%)
117/US$
144/EUR
ROE(%) （*1）
16.2%
17.0%
10.8%
9.6%
10.5%
8.4%
ROA(%) （*2）
9.9%
10.3%
6.5%
5.9%
6.6%
5.2%
145.4yens
149.3yen
84.8yen
172.1yens
184.2yens
Capital Expenditure
15.5
12.7
11.7
26.0
25.0
25.2
Depreciation
11.6
10.6
9.7
(22.1)
20.6
20.0
R&D Expenditure
12.8
12.0
11.7
24.5
24.5
24.2
Net Income per Share
135.2yens
Free Cash Flow
Operating Activities
-4.2
0.2
2.2
35.4
34.6
39.7
Investing Activities
51.4
48.9
-11.8
44.9
45.5
-22.4
Total
47.2
49.1
-9.6
80.3
80.1
17.3
86.3
95.6
91.0
73.3
74.9
82.2
Japan
11,626
11,697
11,861
10,774
10,770
11,644
Overseas
15,670
15,395
14,564
15,050
15,255
14,348
Total (*3)
27,296
27,092
26,425
25,824
26,025
25,992
Inventories at end of period
No. of Employees
(27)
(Newly consolidated)
Sales by Business Segment
169.4 (60.4%)
170.8 (60.9%)
157.4 (59.5%)
342.5 (61.5%)
343.0 (61.5%)
326.0 (59.2%)
AV/IT
Electronic Equipment and Metal
Products
34.8 (12.4%)
33.7 (12.0%)
34.9 (13.2%)
76.0 (13.6%)
74.0 (13.3%)
72.8 (13.2%)
28.2 (10.1%)
27.9
(9.9%)
27.5 (10.4%)
47.0 (8.4%)
46.5
(8.3%)
54.8 (10.0%)
Lifestyle-Related Products
23.9 (8.5%)
22.9
(8.1%)
22.5
(8.5%)
49.0 (8.8%)
48.0
(8.6%)
46.6 (8.5%)
Recreation
8.8 (3.1%)
15.4 (5.5%)
8.7
16.7
(3.1%)
9.0
13.2
(3.4%)
11.5 (2.1%)
31.0 (5.6%)
11.5
35.0
(2.1%)
17.8 (3.2%)
32.4 (5.9%)
Musical Instruments
Others
Operating Income by Business
Segment
(6.0%)
(5.0%)
(6.2%)
15.4
18.0
11.0
27.0
29.0
22.0
AV/IT
Electronic Equipment and Metal
Products
0.9
0.8
0.7
1.3
0.5
2.1
0.5
1.8
2.2
1.5
2.0
3.1
Lifestyle-Related Products
0.5
0.3
0.4
1.5
1.0
1.2
-0.5
-0.7
-0.6
-0.8
-1.0
-1.5
0.7
1.1
0.1
1.5
2.0
0.8
Musical Instruments
Recreation
Others
Non Consolidated Basis
Net Sales
171.9
169.7
323.0
Operating Income
12.8
(7.5%)
10.5
(6.2%)
12.6 (3.9%)
Recurring Profit
15.1
(8.8%)
13.2
(7.8%)
19.9 (6.1%)
Net Income
58.3 (33.9%)
9.0
(5.3%)
11.3 (3.5%)
＊1,2 The ROE and ROA are calculated on an annually adjusted basis.
＊3　No. of Employees = No. of employees at end of period
＊4　2H 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.