Performance Outline (file:1) (PDF 57 KB)

FY2004 Performance Outline (1)
YAMAHA CORPORATION
(billions of yen)
1Q Results
FY2004
1H Forecast
(Interim period)
FY2004
1H Results
(Interim period)
FY2003
Forecast
(Full Year）
FY2004
Net Sales
126.1
264.0
253.7
541.0
JAPAN Sales
81.5 (64.6%)
157.3 (59.6%)
152.2 (60.0%)
308.9
Overseas Sales
44.6 (35.4%)
106.7 (40.4%)
101.5 (40.0%)
232.1
Operating Income
11.8 (9.4%)
20.5 (7.8%)
13.1 (5.2%)
34.0
Recurring Profit
13.4 (10.6%)
21.5 (8.1%)
14.2 (5.6%)
37.0
Net Income
12.6 (10.0%)
19.0 (7.2%)
10.0 (4.0%)
31.0
Currency Exchange
119/US$
120/US$
122/US$
120/US$
Rate (=yen)
124/EUR
125/EUR
115/EUR
125/EUR
ROE(%)
5.7%
8.4%
4.9%
13.5%
ROA(%)
2.5%
3.6%
1.9%
6.0%
Earnings per share
61.4yens
92.2yens
48.9yens
150.4yens
Capital Expenditure
4.2
13.0
8.5
24.0
Depreciation
4.4
9.4
9.1
19.5
R&D Expenditure
5.5
11.3
11.4
22.5
Loans & Equivalents（*1）
50.0
47.9
69.5
33.1
Free Cash Flow
Operating Activities
3.4
12.0
-0.3
51.2
Investing Activities
-5.4
-12.8
-11.4
-26.0
Total
-2.0
-0.8
-11.7
25.2
Inventories at year-end
88.5
88.8
90.7
73.1
No. of Employees
JAPAN
12,230
12,235
12,089
12,037
Overseas
12,484
12,611
12,176
12,179
Total（*2）
24,714
24,846
24,265
24,216
(No of newly consolidated)
(719)
(723)
(720)
Sales by Business segment
149.0 (56.4%)
146.2 (57.6%)
302.0
Musical Instruments
72.6 (57.6%)
AV/IT
14.2 (11.3%)
35.5 (13.4%)
38.5 (15.2%)
86.0
Life Related
11.3 (9.0%)
23.0 (8.7%)
23.6 (9.3%)
45.5
Electronic Equipment
16.9 (13.4%)
33.0 (12.5%)
24.9 (9.8%)
61.5
Recreation
4.8 (3.8%)
10.5 (4.0%)
10.3 (4.1%)
21.5
Others
6.3 (5.0%)
13.0 (4.9%)
10.3 (4.1%)
24.5
Operating Income by Business segment
Musical Instruments
5.5
7.0
6.0
12.0
AV/IT
0.2
1.5
1.0
3.7
Life Related
0.4
0.8
0.5
0.8
Electronic Equipment
6.1
11.5
5.9
17.7
Recreation
-0.4
-0.4
-0.8
-0.5
Others
0.0
0.1
0.5
0.3
Non Consolidated Basis
Net Sales
86.9
174.0
172.0
334.0
15.0 (8.6%)
10.5 (6.2%)
16.5
Operating Income
10.1 (11.6%)
Recurring Profit
10.7 (12.3%)
15.0 (8.6%)
10.9 (6.4%)
16.0
Net Income
10.8 (12.4%)
14.0 (8.0%)
7.6 (4.5%)
14.0
*1 Loans & Equivalents = Loans(Short term , Long term) + Convertible Bonds - Cash & Bank Deposit
*2 No. of Employees = No. of Full-time Staff at year-end + Average No. of Temp. Staff
(57.1%)
(42.9%)
(6.3%)
(6.8%)
(5.7%)
Results
(Full Year）
FY2003
524.7
312.1 (59.5%)
212.6 (40.5%)
32.0 (6.1%)
33.8 (6.4%)
17.9 (3.4%)
122/US$
116/EUR
8.6%
3.5%
86.7yens
16.9
17.6
22.4
46.0
33.0
-21.6
11.4
80.1
11,887
11,676
23,563
(55.8%)
(15.9%)
(8.4%)
(11.4%)
(4.0%)
(4.5%)
292.6 (55.8%)
83.7 (16.0%)
46.0 (8.8%)
60.6 (11.5%)
20.9 (4.0%)
20.9 (4.0%)
9.8
3.2
0.5
19.3
-1.1
0.4
(4.9%)
(4.8%)
(4.2%)
334.0
21.8
22.1
7.7
(6.5%)
(6.6%)
(2.3%)