Performance Outline (PDF 44 KB)

First Quarter of FY2007.3 Performance Outline
YAMAHA CORPORATION
(billions of yen)
1Q Initial Projections
1Q Results
(Apr28, 2006)
FY2007.3
126.9
Projections
FY2007.3
1Q Results
(Previous Year)
FY2006.3
FY2007.3
Results
(Previous Year)
FY2006.3
126.7
124.1
546.0
534.1
Japan Sales
73.5 (57.9%)
73.9 (58.3%)
76.9 (62.0%)
290.4 (53.2%)
295.2 (55.3%)
Overseas Sales
53.4 (42.1%)
52.8 (41.7%)
47.2 (38.0%)
255.6 (46.8%)
238.9 (44.7%)
Net Sales
Operating Income
3.8
(3.0%)
Recurring Profit
7.1
Net Income
6.5
6.7
(5.3%)
6.9
(5.6%)
25.0
(4.6%)
24.1
(4.5%)
(5.6%)
12.7 (10.0%)
11.6
(9.3%)
35.0
(6.4%)
35.2
(6.6%)
(5.1%)
10.0
9.8
(7.9%)
28.0
(5.1%)
28.1
(5.3%)
(7.9%)
Currency Exchange
115/US$
115/US$
107/US$
115/US$
113/US$
Rate(=yen)
134/EUR
139/EUR
134/EUR
134/EUR
135/EUR
8.2%
ＲＯＥ(*1)
12.5%
14.1%
8.6%
9.5%
5.0%
7.7%
7.8%
5.3%
5.5%
31.5yens
48.6yens
47.7yens
135.8yens
136.0yen
Capital Expenditure
-
6.8
3.5
27.0
22.9
Depreciation
-
4.8
4.7
20.0
18.9
R&D Expenditure
-
5.8
5.5
24.5
24.1
9.2
0.7
14.9
-9.3
-8.0
ＲＯＡ(*2)
Earnings per share
Loans & Equivalents (*3)
Free Cash Flow
Operating Activities
-6.6
0.3
-14.2
33.6
25.5
Investing Activities
-7.0
-6.8
-5.5
-25.7
-18.1
-13.6
-6.4
-19.7
7.9
7.4
78.9
84.5
84.7
73.7
77.9
Japan
12,019
11,909
11,902
11,734
11,768
Overseas
13,970
14,027
13,263
13,556
13,560
Total(*4）
25,989
25,936
25,165
25,290
25,328
Total
Inventories at end of period
No. of Employees
-976
(Newly consolidated)
Sales by Business Segment
Musical Instruments
77.5 (61.1%)
75.9 (59.9%)
73.3 (59.1%)
325.0 (59.5%)
314.1 (58.8%)
AV/IT
15.4 (12.1%)
16.0 (12.6%)
16.2 (13.1%)
76.0 (13.9%)
75.9 (14.2%)
Electronic Equipment and Metal
Products
13.1 (10.3%)
13.6 (10.7%)
13.8 (11.1%)
54.0
(9.9%)
56.2 (10.5%)
Lifestyle-Related Products
10.5
(8.3%)
10.8
(8.5%)
11.2
(9.0%)
43.0
(7.9%)
45.2
(8.5%)
Recreation
4.3
(3.4%)
4.1
(3.2%)
4.0
(3.2%)
19.0
(3.5%)
18.0
(3.4%)
Others
Operating Income by
Business Segment
6.1
(4.8%)
6.2
(4.9%)
5.5
(4.4%)
29.0
(5.3%)
24.7
(4.6%)
4.3
5.8
4.4
19.0
14.1
-0.9
0.3
0.1
1.5
2.1
Electronic Equipment and Metal
Products
0.4
1.3
2.6
2.0
7.9
Lifestyle-Related Products
0.3
0.0
0.3
1.5
1.2
-0.4
-0.4
-0.5
-1.0
-1.8
0.1
-0.3
0.1
2.0
0.6
Musical Instruments
AV/IT
Recreation
Others
Non Consolidated Basis
Net Sales
80.3
82.3
81.3
323.0
321.3
Operating Income
2.5
(3.1%)
5.6
(6.8%)
5.8
(7.1%)
6.5
(2.0%)
8.0
(2.5%)
Recurring Profit
2.7
(3.4%)
6.5
(7.9%)
6.2
(7.6%)
10.0
(3.1%)
14.0
(4.3%)
Net Income
2.3
(2.9%)
4.5
(5.5%)
4.7
(5.8%)
7.0
(2.2%)
10.2
(3.2%)
＊1,2 The ROE and ROA are calculated on an annually adjusted basis.
＊3　Loans & Equivalents = Loans (Short term , Long term) - Cash & Bank Deposit
＊4　No. of Employees = No. of employees at end of period
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.