The earnings call highlighted positive net profit forecasts and growth in certain musical instrument categories, alongside new product launches. However, significant challenges were noted, including revenue declines, impacts from tariffs and exchange rates, and weak sales in key areas such as pianos and audio equipment. The sentiment of the call reflects a cautious outlook due to these substantial challenges.

Company Guidance

During the call discussing the financial results for the first quarter of the fiscal year ending March 2026, several key metrics were highlighted. Revenue for the quarter was reported at JPY 103.9 billion, with a core operating profit of JPY 4.7 billion, resulting in an operating profit (OP) ratio of 4.5%. The net profit was JPY 2.4 billion, although this represented a decrease of JPY 7 billion year-on-year. The revenue declined by 7.4% compared to the previous year, but when excluding exchange rate impacts, the decline was 2.8%. For the full fiscal year, revenue is forecasted at JPY 452 billion, a decrease of JPY 10.1 billion year-on-year, with the core operating profit expected to be JPY 32 billion, down JPY 4.7 billion from the previous year. The OP ratio is projected at 7.1%, while net profit is forecasted to increase by JPY 9.1 billion to JPY 22.5 billion. The call also outlined expectations for business segments, with the musical instruments business projected to generate JPY 293 billion in revenue and the audio equipment business JPY 139 billion, each reflecting varying profit ratios. Despite challenges such as the appreciation of the yen, additional U.S. tariffs, and a decline in high-margin PA product sales, the company is implementing countermeasures and strategic investments to mitigate these impacts.

Positive Net Profit Forecast

Net profit is forecasted to be JPY 22.5 billion, which represents an increase of JPY 9.1 billion year-on-year.

Structural Reforms in Piano Manufacturing

The positive impact from structural reforms in piano manufacturing amounted to JPY 600 million in Q1 and is expected to contribute a positive JPY 2 billion for the full year.

Strong Performance in Guitars and Other Instruments

Sales of wind, strings, percussion instruments, and guitars performed well, contributing to increased revenue in those categories. Guitars are expected to see double-digit growth at 111% year-on-year.

New Product Launches

Launched new products including digital panels, electronic drums, routers for corporate use, and condenser microphones, pursuing intrinsic product value refined through technology and sensitivity.

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

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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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