Yamaha Corp (OTCPK:YAMCY)

$ 7.21 0.01 (0.14%) Market Cap: 3.52 Bil Enterprise Value: 2.83 Bil PE Ratio: 26.60 PB Ratio: 1.06 GF Score: 75/100

Q2 2021 Yamaha Corp Earnings Call Transcript

Nov 04, 2020 / 01:00AM GMT

Release Date Price: $16.57 (-0.56%)

Transcript

Takuya Nakata

Yamaha Corporation - President, Representative Executive Officer, Executive GM of Brand Development Unit & Director

This is Nakata. Good morning to you all. Thank you very much for participating Yamaha's results briefing, sparing your precious time. I would also like to express my gratitude to your understanding of our business, taking this opportunity.

Now I'd like to start the presentation on the results of the first half of FY March 2021. Please turn to Page 1. Here are the highlights of the first half results. During the first half, which was from April to September, we have been helped by the continued steadiness of the stay-at-home demand, and the market has been on the recovery trend with the resumption of operations at the stores.

However, there has been restrictions in the factory operations, especially in Indonesia, which led to continued supply shortage to date. Therefore, both the revenue and profit declined.

The revenue amounted to JPY 164.8 billion, which was 21% year-on-year. The core operating profit was JPY 13 billion, down 50% year-on-year.

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