Performance Outline (PDF 58 KB)

FY2005 Interim Period Performance Outline
YAMAHA CORPORATION
(billions of yen)
Initial Projections
Results
(Aug. 02, 2004)
Interim Period
Interim Period
Results
Initial Projections
(Previous Year） (Aug. 02, 2004)
Interim Period
FY2005
Projections
FY2005
Results
(Previous Year）
FY2004
Net Sales
273.5
268.6
266.2
554.5
546.5
539.5
JAPAN Sales
165.2 (60.4%)
163.8 (61.0%)
161.7 (60.8%)
319.6 (57.6%)
315.7 (57.8%)
320.8 (59.5%)
Overseas Sales
108.3 (39.6%)
104.8 (39.0%)
104.5 (39.2%)
234.9 (42.4%)
230.8 (42.2%)
218.7 (40.5%)
Operating Income
25.5
(9.9%)
39.0
(7.0%)
38.0
(7.0%)
Recurring Profit
28.0 (10.2%)
45.1
(8.4%)
28.3 (10.5%)
29.7 (11.2%)
41.0
(7.4%)
42.5
(7.8%)
51.0
Net Income
(9.5%)
-5.0
-6.1
26.2
19.5
(3.5%)
19.5
(3.6%)
43.5
(8.1%)
Currency Exchange
110/US$
110/US$
119/US$
110/US$
110/US$
（*3）
114/US$
Rate (=yen)
130/EUR
132/EUR
128/EUR
128/EUR
129/EUR
ROE(%)
-2.0%
-2.4%
11.5%
7.3%
7.3%
ROA(%)
-1.0%
-1.2%
5.0%
3.9%
3.9%
8.5%
-24.3yens
-29.7yens
127.4yens
94.6yens
94.6yens
210.6yens
13.2
11.1
9.5
25.0
24.1
21.2
9.9
9.5
8.8
20.5
19.8
17.5
11.5
11.3
11.1
23.1
22.7
22.5
31.5
23.2
46.7
2.3
0.0
16.8
Earnings per share
Capital Expenditure
Depreciation
R&D Expenditure
Loans & Equivalents
（*1）
(9.3%)
24.2
(9.0%)
26.4
(9.9%)
129/EUR
18.4%
Free Cash Flow
0.5
7.8
10.6
37.6
44.8
58.3
Investing Activities
-11.0
-10.2
-8.8
-16.2
-14.3
-18.8
Total
-10.5
-2.4
1.8
21.4
30.5
39.5
86.1
89.4
86.5
70.4
69.5
72.1
JAPAN
11,985
11,879
12,066
11,777
11,884
11,849
Overseas
12,491
12,794
12,694
11,856
11,857
12,054
Total (*2)
24,476
24,673
24,760
23,633
23,741
23,903
Operating Activities
Inventories at end of period
No. of Employees
Sales by Business segment
151.0 (55.2%)
151.2 (56.3%)
149.1 (56.0%)
304.0 (54.8%)
306.5 (56.1%)
293.4 (54.4%)
AV/IT
38.0 (13.9%)
36.8 (13.7%)
34.0 (12.8%)
86.0 (15.5%)
83.5 (15.3%)
78.3 (14.5%)
Life Related
21.5
21.2
23.2
44.0
42.0
44.8
Electronic Equipment and metal
41.5 (15.2%)
38.4 (14.3%)
36.4 (13.7%)
77.5 (14.0%)
72.0 (13.2%)
76.9 (14.3%)
Recreation
10.0
11.5
9.4
11.6
10.3
13.3
20.0
23.0
19.5
23.0
20.1
26.1
Musical Instruments
Others
Operating Income by Business
segment
(7.9%)
(3.7%)
(4.2%)
(7.9%)
(3.5%)
(4.3%)
(8.7%)
(3.9%)
(5.0%)
(7.9%)
(3.6%)
(4.1%)
(7.7%)
(3.6%)
(4.2%)
11.0
9.9
9.7
15.5
15.5
10.5
AV/IT
2.5
2.4
1.4
4.5
4.5
4.4
Life Related
0.0
-0.1
1.1
0.1
-0.5
1.5
Electronic Equipment and metal
13.0
13.2
14.2
20.0
20.0
30.0
Recreation
-1.0
-1.2
-0.5
-1.2
-1.5
-1.1
0.0
-0.1
0.5
0.1
0.0
-0.2
187.0
187.6
179.9
347.0
Musical Instruments
Others
(8.3%)
(3.7%)
(4.8%)
Non Consolidated Basis
Net Sales
343.0
345.4
Operating Income
20.0 (10.7%)
21.4 (11.4%)
18.8 (10.4%)
22.0
(6.3%)
22.0
(6.4%)
27.0
(7.8%)
Recurring Profit
21.0 (11.2%)
22.6 (12.0%)
19.8 (11.0%)
23.0
(6.6%)
23.5
(6.9%)
28.1
(8.1%)
-14.5
-13.6
19.3 (10.7%)
0.5 (0.1%)
*1 Loans & Equivalents = Loans(Short term , Long term) + Convertible Bonds - Cash & Bank Deposit
*2 No. of Employees = No. of Full-time Staff at end of period + Average No. of Temp. Staff
*3 2H Currency Exchange Rates US$=110JPY EUR=127JPY
-2.0
25.6
(7.4%)
Net Income
The forward-looking statements in this flash report contain inherent risks and uncertainties insofar as they are based on
future projections and plans that may differ materially from the actual results achieved.