FY2007.3 Performance Outline YAMAHA CORPORATION (billions of yen) Net Sales Japan Sales Overseas Sales Operating Income Recurring Profit Net Income Currency Exchange Rate (=yen) ROE(*1) ROA(*2) Earnings per share Capital Expenditure Depreciation R&D Expenditure Loans & Equivalents (*3） Results (Previous Year) FY2006.3 Projections (Feb. 7, 2007) FY2007.3 534.1 295.2 (55.3%) 238.9 (44.7%) 24.1 (4.5%) 35.2 (6.6%) 28.1 (5.3%) 113/US$ 135/EUR 9.5% 5.5% 136.0yen 22.9 18.9 24.1 -8.0 542.5 287.3 (53.0%) 255.2 (47.0%) 26.0 (4.8%) 41.0 (7.6%) 30.5 (5.6%) 116/US$ 143/EUR 9.2% 5.8% 148.0yens 25.5 19.6 24.5 -9.4 Results FY2007.3 Projections (Full Year) FY2008.3 Projections (Interim Period) FY2008.3 550.4 291.3 (52.9%) 259.1 (47.1%) 27.7 (5.0%) 42.6 (7.7%) 27.9 (5.1%) 117/US$ 144/EUR 8.4% 5.2% 135.2yens 25.2 20.0 24.2 -21.2 551.0 277.6 (50.4%) 273.4 (49.6%) 30.0 (5.4%) 43.0 (7.8%) 30.0 (5.4%) 115/US$ 148/EUR 8.3% 5.4% 145.6yens 26.0 21.5 24.5 -34.8 272.0 142.5 (52.4%) 129.5 (47.6%) 15.0 (5.5%) 23.0 (8.5%) 15.0 (5.5%) 115/US$ 148/EUR 8.4% 5.4% 72.8yens 16.0 11.0 12.8 -12.0 Free Cash Flow Operating Activities Investing Activities Total Inventories at end of period 25.5 -18.1 7.4 77.9 29.7 -23.5 6.2 76.5 39.7 -22.4 17.3 82.2 43.2 -16.3 26.9 74.6 8.5 -7.0 1.5 85.8 11,734 13,564 25,298 (976) 11,700 13,800 25,500 11,661 14,348 26,009 10,690 14,150 24,840 10,980 14,960 25,940 No. of Employees Japan Overseas Total (*4） （Newly consolidated） Sales by Business Segment Musical Instruments AV/IT Electronic Equipment and Metal Products Lifestyle-Related Products Recreation Others Operating Income by Business Segment Musical Instruments AV/IT Electronic Equipment and Metal Products Lifestyle-Related Products Recreation Others 314.1 (58.8%) 75.9 (14.2%) 322.0 (59.4%) 72.0 (13.3%) 326.0 (59.2%) 72.8 (13.2%) 338.0 (61.3%) 79.0 (14.3%) 56.2 (10.5%) 45.2 (8.5%) 18.0 (3.4%) 24.7 (4.6%) 55.0 (10.1%) 46.0 (8.5%) 17.5 (3.2%) 30.0 (5.5%) 54.8 (10.0%) 46.6 (8.5%) 17.8 (3.2%) 32.4 (5.9%) 46.0 49.0 10.0 29.0 14.1 2.1 21.0 1.5 22.0 2.1 24.0 2.5 13.5 0.6 7.9 1.2 -1.8 0.6 3.0 1.0 -1.5 1.0 3.1 1.2 -1.5 0.8 1.0 1.5 -0.5 1.5 -0.2 0.7 -0.2 0.6 (8.4%) (8.9%) (1.8%) (5.3%) 165.6 (60.9%) 34.5 (12.7%) 26.4 24.4 7.1 14.0 Non Consolidated Basis 321.3 320.0 323.0 8.0 (2.5%) 11.0 (3.4%) 12.6 (3.9%) Recurring Profit 14.0 (4.3%) 18.5 (5.8%) 19.9 (6.2%) Net Income 10.2 (3.2%) 12.5 (3.9%) 11.3 (3.5%) ＊1,2 The ROE and ROA of the interim period for FY2008.3 are calculated on an annually adjusted basis. ＊3 Loans & Equivalents = Loans (Short term , Long term) - Cash & Bank Deposit ＊4 No. of Employees = No. of employees at end of period Net Sales Operating Income 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. (9.7%) (9.0%) (2.6%) (5.1%)