The earnings call reflects a challenging quarter with significant impacts from currency exchange rates and tariffs. Despite these difficulties, there are areas of growth, particularly in guitar sales and emerging markets. The company is implementing countermeasures and remains focused on strategic investments to drive future growth. Overall, the sentiment is balanced with both positive and negative aspects.

Company Guidance -

Q2 2026

In the call, Jun Nishimura provided guidance for the fiscal year ending March 2026, highlighting several key financial metrics and projections. For the first quarter, revenue was JPY 103.9 billion, with a core operating profit of JPY 4.7 billion, translating to an operating profit (OP) ratio of 4.5%. The net profit for the quarter was JPY 2.4 billion, although this represented a JPY 7 billion decrease year-on-year. The company has revised its full-year earnings forecast downward due to anticipated impacts from U.S. tariffs, projecting a revenue of JPY 452 billion and a core operating profit of JPY 32 billion, down JPY 10.1 billion and JPY 4.7 billion year-on-year, respectively. Notably, they forecast a net profit increase of JPY 9.1 billion to JPY 22.5 billion. The guidance highlighted a negative JPY 11.2 billion impact from tariffs and a strategic focus on managing SG&A expenses, with an expected cost increase of JPY 1.3 billion to support growth in new business areas. The musical instruments business is projected to generate JPY 293 billion in revenue, while the audio equipment business is expected to yield JPY 139 billion, with OP ratios of 7.0% and 7.9%, respectively. Regional revenue forecasts include a 105% growth in Europe, a 96% decline in China, and a 107% growth in other markets. ROE and ROIC forecasts are at 5.0% and 4.9%, respectively, with an annual dividend per share set at JPY 26.

Positive Outlook for Net Profit

Net profit is forecasted to increase by JPY 9.1 billion year-on-year, indicating a positive trajectory despite current challenges.

Strong Guitar Sales

Guitar sales continued to grow, contributing positively to the revenue in the musical instruments segment.

Growth in Emerging Markets

In emerging markets, growth is expected at 107%, reflecting planned performance improvements.

Improvement in Audio Equipment for Professional Use

Audio equipment for professional use exceeded the plan, although it fell short of the previous year's results.

Continued Recovery in Automobile Interior Wood Components and FA Equipment

Revenue increased in Q1 for both automobile interior wood components and factory automation equipment, with expectations for continued growth.

Yamaha (JP:7951) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JP:7951 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	- / -	-8.38	―	―	―
Aug 01, 2025	2026 (Q1)	- / 5.26	19.05	-72.39% (-13.79)
May 08, 2025	2025 (Q4)	- / -1.55	17.723	-108.75% (-19.27)
Feb 05, 2025	2025 (Q3)	- / 18.46	11.403	61.89% (+7.06)
Nov 01, 2024	2025 (Q2)	- / -8.38	16.223	-151.66% (-24.60)		―
Jul 31, 2024	2025 (Q1)	- / 19.05	13.213	44.18% (+5.84)
May 08, 2024	2024 (Q4)	17.59 / 17.72	33.803	-47.57% (-16.08)
Feb 06, 2024	2024 (Q3)	- / 11.40	17.867	-36.18% (-6.46)
Nov 01, 2023	2024 (Q2)	40.59 / 16.22	23.717	-31.60% (-7.49)
Aug 02, 2023	2024 (Q1)	- / 13.21	16.693	-20.85% (-3.48)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JP:7951 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	¥1087.50	¥1088.00	+0.05%
May 08, 2025	¥1046.50	¥1034.00	-1.19%
Feb 05, 2025	¥1076.49	¥1086.38	+0.92%
Nov 01, 2024	¥1230.84	¥1232.32	+0.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Yamaha Corporation (JP:7951) report earnings?

Yamaha Corporation (JP:7951) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is Yamaha Corporation (JP:7951) earnings time?

Yamaha Corporation (JP:7951) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Yamaha Corporation stock?

The P/E ratio of Yamaha is N/A.

What is JP:7951 EPS forecast?

Currently, no data Available

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