Yamaha (JP:7951) has released an update.
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Yamaha Corporation reported a decline in revenue for the first half of FY2025.3, driven by sluggish musical instrument sales in China, despite strong performance in B2B audio equipment and favorable currency exchange impacts. The company also revised its full-year revenue and profit forecasts downward, anticipating further market slowdowns in China, while maintaining its year-end dividend per share. Additionally, an impairment loss of ¥7.8 billion was recorded for piano production facilities in China and Indonesia.
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