Performance Outline (PDF 44 KB)

Third Quarter of FY2009.3 Performance Outline
YAMAHA CORPORATION
February 3, 2009
(billions of yen)
Three Months Results
Nine Months Results
Three Months Results
Nine Months Results
Ended Dec. 31, 2007
Ended Dec. 31, 2007
Ended Dec. 31, 2008
Ended Dec. 31, 2008
(Previous Year）
Net Sales
Full Year
Initial Projections
(Previous Year）
(Oct. 31, 2008)
Full Year Projections
FY2009.3
FY2008.3
FY2009.3
FY2008.3
FY2009.3
FY2009.3
118.9
148.2
369.4
428.9
488.0
465.0
Full Year Results
(Previous Year）
FY2008.3
548.8
Japan Sales
58.2
(49.0%)
66.1
(44.6%)
183.5
(49.7%)
213.3
(49.7%)
246.6
(50.5%)
237.2
(51.0%)
276.7
(50.4%)
Overseas Sales
60.7
(51.0%)
82.1
(55.4%)
185.9
(50.3%)
215.6
(50.3%)
241.4
(49.5%)
227.8
(49.0%)
272.1
(49.6%)
Operating Income
8.9
(7.5%)
14.2
(9.6%)
22.2
(6.0%)
35.5
(8.3%)
14.5
(3.0%)
11.5
(2.5%)
32.8
(6.0%)
Ordinary Income
7.7
(6.5%)
13.7
(9.2%)
21.0
(5.7%)
35.3
(8.2%)
13.0
(2.7%)
9.5
(2.0%)
32.6
(5.9%)
Net Income
5.0
(4.2%)
11.4
(7.7%)
9.3
(2.5%)
42.2
(9.8%)
1.5
(0.3%)
-2.0
39.6
(7.2%)
-
100/US$
114/US$
104/US$
118/US$
101/US$
103/US$
163/EUR
159/EUR
159/EUR
159/EUR
154/EUR
153/EUR
159/EUR
ROE (*1)
6.8%
12.1%
4.0%
15.6%
0.5%
-0.7%
11.5%
ROA (*2)
4.2%
7.3%
2.5%
9.7%
0.3%
-0.4%
46.8 yens
204.5 yens
Currency Exchange Rate
(Settlement Rate) (=yen)
Earnings per share
Capital Expenditure
‐
‐
7.6 yens
(*6)
116/US$
7.2%
-10.1 yens
191.8 yens
6.4
3.7
15.4
16.4
27.5
24.0
24.4
(4.8)
(4.9)
(13.6)
(15.5)
(18.8)
(18.1)
(20.3)
5.0
6.3
17.2
18.3
25.0
24.2
24.9
Operating Activities
-2.7
14.1
-17.5
14.3
0.2
-10.5
37.2
Investing Activities
-3.6
2.1
-18.7
51.0
-28.4
-26.1
42.0
-6.3
16.2
-36.2
65.3
-28.2
-36.6
79.2
‐
‐
83.9
84.2
73.7
77.7
76.3
Japan
‐
‐
10,872
10,803
10,838
10,822
10,699
Overseas
‐
‐
16,587
15,206
15,895
15,806
15,843
‐
‐
27,459
26,009
26,733
26,628
26,542
(Depreciation)
R&D Expenditure
Free Cash Flows
Total
Inventories at period-end
Number of Employees
Total (*3)
（Changes from the changes in
the scope of consolidation）
(186)
(-886)
(88)
(179)
(-1,082)
Sales by Business
Segment
Musical Instruments
77.7
(65.3%)
93.0
(62.8%)
244.1
(66.1%)
263.8
(61.5%)
319.5
(65.5%)
308.5
(66.3%)
340.0
(62.0%)
AV/IT
16.6
(14.0%)
22.9
(15.4%)
46.9
(12.7%)
56.6
(13.2%)
62.0
(12.7%)
58.0
(12.5%)
(12.9%)
4.7
-
(4.0%)
(4.8%)
36.8
(8.6%)
22.5
-
(4.8%)
(6.0%)
26.5
-
(5.4%)
8.9
17.8
-
70.8
45.0
(8.2%)
12.6
-
(10.6%)
12.1
(8.2%)
35.0
(8.1%)
45.5
(8.3%)
(2.4%)
44.5
-
(9.6%)
10.2
44.5
-
(9.1%)
(1.0%)
34.2
-
(9.3%)
1.5
11.4
(2.1%)
Others (*5)
Operating Income by
Business Segment
7.3
(6.1%)
9.8
(6.6%)
26.4
(7.1%)
26.5
(6.2%)
35.5
(7.3%)
31.5
(6.8%)
36.1
(6.5%)
Musical Instruments
8.5
11.1
1.1
-0.4
Electronic Devices (*4)
Electronic Equipment and
Metal Products
Lifestyle-Related Products
Recreation
AV/IT
Electronic Devices (*4)
Electronic Equipment and
Metal Products
Lifestyle-Related Products
Recreation
Others (*5)
-
-
22.3
29.1
1.9
1.3
2.7
-
-1.0
-
-
0.7
0.5
0.1
-
-0.0
-0.8
-
-0.0
-
0.4
-0.4
18.0
17.5
27.9
-0.5
-0.5
1.8
-2.0
-3.0
-
2.5
-
-
1.9
0.4
-0.7
0
-
0
-
-1.1
1.5
-1.0
-2.5
1.7
0.6
Non-Consolidated Basis
Net Sales
68.1
79.4
225.3
251.3
315.6
Operating Income
1.6
(2.3%)
4.6
(5.8%)
6.6
(2.9%)
17.4
(6.9%)
12.3
Ordinary Income
2.0
(2.9%)
5.5
(6.9%)
9.5
(4.2%)
20.6
(8.2%)
17.9
(5.7%)
Net Income
0.0
5.4
(6.8%)
6.1
(2.7%)
63.7
(25.3%)
62.0
(19.6%)
(3.9%)
＊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 (figures for the previous year indicate the number of temporary staff at end of period)
＊4　Following the handover of Electronic Metal Products business, Electronic Equipment and Metal Products segment was renamed Electronic Devices segment starting from FY2009.3.
＊5　Following the handover of a portion of the resort facilities, figures of Others segment from FY2009.3 include that of Recreation segment.
＊6　4Q Currency exchange rates US$=95JPY　EUR=120JPY
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.