Yamaha (JP:7951) has released an update.
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Yamaha Corporation’s second-quarter results show a mixed performance with a 3.9% increase in revenue driven by strong audio equipment sales and yen depreciation, counteracted by a 64.8% drop in profit due to impairment losses in China and Indonesia. The company revised its full-year earnings forecast downward, anticipating continued challenges in the Chinese market. Despite these hurdles, Yamaha’s audio equipment segment continues to perform well, indicating resilience in specific product areas.
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