Yamaha (JP:7951) has released an update.
Yamaha Corporation reported a 5.6% year-on-year increase in revenue to ¥112.1 billion for the first quarter of the fiscal year ending March 2025, driven by strong sales in audio equipment for business use and favorable exchange rates. Despite a downturn in China’s musical instrument market, core operating profit soared by 41.5% to ¥9.2 billion. The company has raised its full-year forecast, with expected revenue now at ¥475.0 billion and profit attributable to owners at ¥35.5 billion.
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