First Quarter of FY2011.3 Performance Outline

First Quarter of FY2011.3 Performance Outline
YAMAHA CORPORATION
July 30, 2010
(billions of yen)
1Q Initial Projections
1Q Results
(April 28, 2010)
Japan Sales
Overseas Sales
Operating Income
Ordinary Income
Net Income
Currency Exchange Rate
(Settlement Rate) (=yen)
(*1)
ROA
(*2)
Projections
Projections
Results
(Full Year)
(April 28, 2010)
(Full Year)
(Previous Year)
FY2011.3
FY2011.3
FY2010.3
91.0
90.9
99.4
47.1 (51.8%)
46.0 (50.7%)
55.4 (55.7%)
43.9 (48.2%)
44.9 (49.3%)
44.0 (44.3%)
2.0 (2.2%)
5.2 (5.7%)
0.2 (0.2%)
1.5 (1.6%)
4.9 (5.3%)
-0.5
0.5 (0.5%)
2.2 (2.4%)
-2.9
90/US$
93/US$
97/US$
127/EUR
123/EUR
124/EUR
0.2%
3.6%
-4.6%
0.1%
2.3%
-2.8%
2.5yen
11.2yen
-14.7yen
2.1
2.5
(3.1)
(3.3)
5.5
5.2
Net Sales
ROE
1Q Results
(Previous Year)
Earnings per Share
Capital Expenditures
(Depreciation Expenses)
R&D Expenses
FY2011.3
385.0
181.3
203.7
10.0
7.5
5.5
90/US$
127/EUR
2.2%
1.4%
27.9yen
13.9
(14.2)
21.7
(47.1%)
(52.9%)
(2.6%)
(1.9%)
(1.4%)
FY2011.3
FY2010.3
385.0
414.8
176.6 (45.9%)
218.4 (52.7%)
208.4 (54.1%)
196.4 (47.3%)
10.0 (2.6%)
6.8 (1.6%)
7.5 (1.9%)
4.9 (1.2%)
4.0 (1.0%)
-4.9 91/US$
(*5) 93/US$
117/EUR
130/EUR
1.6%
-2.0%
1.0%
-1.2%
20.3yen
-25.0yen
13.9
14.5
(13.8)
(14.1)
23.2
21.7
Free Cash Flows
Operating Activities
Investing Activities
Total
Inventories at End of Period
-4.2
-1.2
-5.4
71.0
-0.9
-2.0
-3.0
73.0
-1.0
-3.5
-4.5
84.3
21.1
-13.5
7.6
65.4
21.8
-13.6
8.2
66.8
39.9
-12.7
27.2
69.5
9,800
16,500
26,300
9,682
17,292
26,974
11,149
16,555
27,704
9,600
16,500
26,100
9,500
16,600
26,100
9,628
16,030
25,658
(0)
(0)
(-1,106)
Number of Employees
Japan
Overseas
Total (*3)
（Changes from the changes in
the scope of consolidation）
(0)
(0)
(353)
Sales by Business Segment
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products
(*4)
Others
Operating Income by
Business Segment
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products
(*4)
Others
68.0
11.5
5.0
6.5
1.6
0.2
-0.2
0.4
(74.7%)
(12.6%)
(5.5%)
(7.2%)
66.6
12.0
5.1
7.1
(73.3%)
(13.3%)
(5.6%)
(7.8%)
3.5
0.3
0.5
0.9
68.4
11.2
4.7
8.8
6.3
(68.8%)
(11.3%)
(4.7%)
(8.8%)
(6.4%)
1.8
-0.5
-0.5
-0.5
-0.1
281.0
57.0
23.0
24.0
(73.0%)
(14.8%)
(6.0%)
(6.2%)
6.5
2.5
0.5
0.5
278.0
58.0
23.5
25.5
6.0
2.0
1.0
1.0
(72.2%)
(15.1%)
(6.1%)
(6.6%)
276.3
54.4
19.7
36.9
27.5
(66.6%)
(13.1%)
(4.8%)
(8.9%)
(6.6%)
5.1
1.4
-0.6
0.4
0.5
Non-Consolidated Basis
Net Sales
Operating Income
Ordinary Income
Net Income
65.2
2.0
4.7
2.4
(3.0%)
(7.2%)
(3.7%)
59.4
-1.5
-1.2
-3.5
-
227.9
-9.8
-8.4
-16.4
-
＊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 + Average number of temporary staff during the period
＊4　Following the handover of Lifestyle-Related Products business on March 31, 2010, this segment has been excluded from the scope of consolidation.
＊5　2Q-4Q currency exchange rates US$1=JPY90, EUR1=JPY115
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.