Strong Performance in Audio Equipment
The Audio Equipment segment experienced significant growth with revenue increasing by ¥11.8 billion year-on-year, even without the FX impact. Core operating profit was ¥11.5 billion, also showing an increase irrespective of FX changes.
Strategic Structural Reforms
The company is undergoing structural reforms to optimize production, including consolidating piano production to Japan and China, which is expected to improve P&L by ¥5.5 billion in future years.
Shareholder Returns and Buyback
The company executed a share buyback worth ¥14 billion and announced another round of buyback up to ¥30 billion to enhance shareholder returns and capital efficiency.
Innovation and Sustainability Initiatives
Plans to establish Yamaha Music Innovations Fund, LP with US$50 million to promote innovation, and received the Japan Wood Design Award for sustainability efforts.