Performance Outline(PDF 36 KB)

Third Quarter of FY2011.3 Performance Outline
YAMAHA CORPORATION
February 3, 2011
(billions of yen)
Three Months Results
Ended Dec. 31, 2010
Three Months Results
Ended Dec. 31, 2009
Nine Months Results
Ended Dec. 31, 2010
Nine Months Results
Ended Dec. 31, 2009
Previous Projections
Projections
Results
(Full Year)
(Full Year)
(Previous Year)
(announced on Oct. 29, 2010)
FY2011.3
Net Sales
Japan Sales
Overseas Sales
Operating Income
Ordinary Income
Net Income
Currency Exchange Rate
(Settlement Rate) (=yen)
ROE
(*1)
ROA
(*2)
Earnings per share
Capital Expenditure
(Depreciation)
R&D Expenditure
FY2010.3
FY2011.3
FY2010.3
FY2011.3
FY2011.3
FY2010.3
101.1
112.5
285.4
316.9
374.0
373.0
414.8
45.5 (45.0%)
54.6 (48.5%)
134.3 (47.1%)
161.7 (51.0%)
180.1 (48.2%)
183.0 (49.1%)
218.4 (52.7%)
55.6 (55.0%)
58.0 (51.5%)
151.1 (52.9%)
155.1 (49.0%)
193.9 (51.8%)
190.0 (50.9%)
196.4 (47.3%)
7.1 (7.0%)
6.4 (5.6%)
16.3 (5.7%)
10.5 (3.3%)
11.0 (2.9%)
12.5 (3.4%)
6.8 (1.6%)
6.0 (5.9%)
5.9 (5.3%)
14.3 (5.0%)
8.8 (2.8%)
8.5 (2.3%)
10.0 (2.7%)
4.9 (1.2%)
4.9 (4.9%)
3.8 (3.4%)
10.0 (3.5%)
3.0 (0.9%)
5.0 (1.3%)
6.5 (1.7%)
-4.9 83/US$
90/US$
87/US$
94/US$
87/US$
87/US$
(*5)
93/US$
111/EUR
133/EUR
116/EUR
130/EUR
115/EUR
115/EUR
130/EUR
7.9%
6.1%
5.4%
1.6%
2.1%
2.7%
-2.0%
5.0%
3.7%
3.4%
1.0%
1.3%
1.7%
-1.2%
‐
‐
50.7 yen
15.2 yen
25.4 yen
33.1 yen
-25.0 yen
1.9
2.7
7.4
7.7
13.9
11.8
14.5
(3.2)
(3.6)
(9.4)
(10.3)
(13.1)
(12.8)
(14.1)
5.6
5.0
16.6
15.7
23.3
22.7
21.7
Free Cash Flows
Operating Activities
Investing Activities
Total
Inventories at period-end
7.9
0.3
8.3
‐
10.2
-2.5
7.7
‐
‐
‐
‐
‐
‐
‐
5.7
-8.4
-2.7
71.4
22.9
-12.5
10.4
74.5
23.5
-15.3
8.2
65.1
18.2
-10.9
7.3
69.2
39.9
-12.7
27.2
69.5
9,470
17,140
26,610
10,918
16,232
27,150
9,500
16,800
26,300
9,400
17,900
27,300
9,628
16,030
25,658
Number of Employees
Japan
Overseas
Total
(*3)
（Changes from the changes in
the scope of consolidation）
(0)
(101)
(0)
(0)
(-1,106)
Sales by Business
Segment
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products
(*4)
70.8
19.1
5.2
-
(70.1%)
5.9
(5.8%)
Others
(18.9%)
(5.2%)
71.4
17.4
5.3
10.1
8.4
(63.4%)
(15.4%)
(4.8%)
(9.0%)
(7.4%)
205.9
44.5
15.5
19.5
(72.1%)
(15.6%)
(5.4%)
(6.9%)
211.0
41.9
15.0
28.0
21.0
(66.6%)
(13.2%)
(4.7%)
(8.9%)
(6.6%)
270.0
55.0
23.5
25.5
(72.2%)
(14.7%)
(6.3%)
(6.8%)
268.0
57.5
21.5
-
(71.8%)
(66.6%)
(5.8%)
276.3
54.4
19.7
26.0
36.9
27.5
(8.9%)
(7.0%)
(15.4%)
(13.1%)
(4.8%)
(6.6%)
Operating Income by
Business Segment
4.3
2.3
0.1
0.4
2.9
2.0
0.6
0.4
0.5
61.8
1.0
1.6
0.9
56.3
-0.1
0.3
-0.8
Musical Instruments
AV/IT
Electronic Devices
Lifestyle-Related Products
(*4)
Others
10.7
2.9
1.1
1.7
7.8
1.9
-0.2
0.3
0.7
194.9
4.8
10.4
7.7
176.6
-3.2
-2.0
-5.6
7.0
1.0
1.5
1.5
8.0
2.0
1.0
1.5
5.1
1.4
-0.6
0.4
0.5
Non-Consolidated Basis
Net Sales
Operating Income
Ordinary Income
Net Income
(1.7%)
(2.5%)
(1.5%)
(0.5%)
-
(2.5%)
(5.3%)
(3.9%)
-
227.9
-9.8
-8.4
-16.4
-
＊1, 2 The 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, this segment has been excluded from the consolidation from FY2011.3.
＊5　4Q Currency exchange rates US$=85JPY　EUR=110JPY
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.