Yamaha Corporation (JP:7951)
:7951
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Yamaha
(7951)
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Rating:60Neutral
Price Target:
¥1,165.00
▲(17.59% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily supported by strong financial stability from a very low-debt balance sheet, but is held back by inconsistent profitability/cash conversion and weak near-term technical momentum. Valuation is neutral, with a moderate P/E and a modest dividend yield.
Positive Factors
Balance Sheet Strength
Very low leverage and a sizable equity buffer provide durable financial flexibility. This reduces interest burden, supports capital spending, dividends, and opportunistic M&A, and helps the company weather cyclical downturns without eroding strategic investments or operating stability.
Negative Factors
Volatile Net Profitability
Material swings in net margin across recent years signal sensitivity to costs, mix, or non‑operating items. This volatility undermines predictability of earnings and returns, making capital allocation, dividend sustainability, and investor forecasting more challenging over a multi‑quarter horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a sizable equity buffer provide durable financial flexibility. This reduces interest burden, supports capital spending, dividends, and opportunistic M&A, and helps the company weather cyclical downturns without eroding strategic investments or operating stability.
Read all positive factors
Yamaha (7951) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥504.14B
Dividend Yield2.35%
Average Volume (3M)1.38M
Price to Earnings (P/E)20.9
Beta (1Y)0.93
Revenue Growth0.70%
EPS Growth95.26%
CountryJP
Employees19,134
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)N/A
Shares Outstanding463,000,000
10 Day Avg. Volume1,399,630
30 Day Avg. Volume1,375,016
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.04
Price to Sales (P/S)1.07
P/FCF Ratio15.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Yamaha Business Overview & Revenue Model
Company Description
Yamaha Corporation (7951) is a diversified multinational company based in Japan, primarily known for its production of musical instruments, audio equipment, and electronics. Founded in 1887, Yamaha operates in several sectors including musical ins...
How the Company Makes Money
Yamaha makes money primarily by selling products across its musical instruments and audio businesses through global distribution channels. Key revenue streams include (1) Musical Instruments: sales of instruments and related accessories to individ...
Yamaha Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
84
Very Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 465.30B | 462.08B | 462.87B | 451.41B | 408.20B |
| Gross Profit | 174.97B | 169.42B | 165.29B | 166.00B | 149.80B |
| EBITDA | 52.41B | 58.22B | 54.68B | 65.14B | 60.34B |
| Net Income | 23.70B | 13.35B | 29.64B | 38.18B | 37.27B |
Balance Sheet | |||||
| Total Assets | 617.57B | 591.28B | 666.84B | 594.21B | 580.66B |
| Cash, Cash Equivalents and Short-Term Investments | 108.95B | 99.82B | 101.59B | 103.89B | 172.50B |
| Total Debt | 16.65B | 19.96B | 17.93B | 17.67B | 27.90B |
| Total Liabilities | 137.83B | 141.16B | 155.02B | 136.26B | 163.79B |
| Stockholders Equity | 478.35B | 448.83B | 510.59B | 456.84B | 415.71B |
Cash Flow | |||||
| Free Cash Flow | 31.65B | 32.35B | 20.92B | -35.57B | 21.49B |
| Operating Cash Flow | 45.78B | 55.28B | 43.84B | -14.84B | 36.02B |
| Investing Cash Flow | -7.91B | 8.11B | -15.90B | -21.56B | 43.71B |
| Financing Cash Flow | -37.77B | -63.14B | -37.26B | -35.29B | -44.43B |
Yamaha Technical Analysis
Neutral
990.70
Price Trends
1137.14
Negative
1134.89
Negative
1069.60
Positive
Market Momentum
-12.23
Positive
46.32
Neutral
76.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7951, the sentiment is Neutral. The current price of 990.7 is below the 20-day moving average (MA) of 1147.48, below the 50-day MA of 1137.14, and below the 200-day MA of 1069.60, indicating a neutral trend. The MACD of -12.23 indicates Positive momentum. The RSI at 46.32 is Neutral, neither overbought nor oversold. The STOCH value of 76.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7951.
Yamaha Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥250.08B | 19.80 | ― | 2.18% | 8.08% | -27.93% | |
73 Outperform | ¥2.38T | 17.78 | 15.67% | 1.94% | 8.60% | 10.04% | |
71 Outperform | ¥176.14B | 11.00 | ― | 3.40% | 6.49% | -11.12% | |
70 Neutral | ¥121.07B | 17.64 | ― | 4.78% | 4.15% | -73.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥504.14B | 20.93 | 3.68% | 2.35% | 0.70% | 95.26% | |
56 Neutral | ¥26.82B | 21.29 | ― | 3.56% | -1.19% | 181.64% |
* Consumer Cyclical Sector Average
JP:7951
Yamaha
1,118.50
156.43
16.26%
JP:7832
BANDAI NAMCO Holdings
3,623.00
-942.86
-20.65%
JP:7458
Daiichikosho Co., Ltd.
1,710.00
198.52
13.13%
JP:7867
Tomy Company, Ltd.
2,750.00
-287.93
-9.48%
JP:7944
Roland Corporation
4,610.00
1,487.03
47.62%
JP:7952
Kawai Musical Instruments Manufacturing Co., Ltd.
3,080.00
611.68
24.78%
Yamaha Corporate Events
Yamaha Revamps Board and Committees Ahead of June Shareholders’ Meeting
May 11, 2026
Yamaha Corporation has announced changes to its board of directors ahead of the 202nd Ordinary General Shareholders’ Meeting on June 29, 2026, appointing Chartered Governance Institute Global Director General Kerrie Waring as a new outside d...
Yamaha Holds Revenue Steady but Sees Profit Squeeze, Targets Growth in FY2027
May 11, 2026
Yamaha reported that for the fiscal year ended March 31, 2026, overall revenue held steady as recovering musical instrument sales and a weaker yen offset soft demand in China and reduced appetite for professional audio equipment in Europe and the ...
Yamaha Balances Profit Rebound with Margin Pressure as It Targets Renewed Growth
May 11, 2026
Yamaha reported a modest 0.7% rise in annual revenue to ¥465.3 billion for the year ended March 31, 2026, driven by stronger guitar and digital instrument sales that offset weaker piano demand in China and a normalization of professional audi...
Yamaha boosts profit and equity base despite weaker core margins
May 11, 2026
Yamaha reported fiscal 2026 revenue of ¥465.3 billion, up 0.7% year on year, while core operating profit fell 13.2% to ¥31.9 billion as margins tightened. Nonetheless, operating profit surged 41.5% and profit before income taxes climbed ...
Yamaha to Cancel 40 Million Treasury Shares After Buyback Completion
Mar 25, 2026
Yamaha Corporation has resolved to cancel 40,000,000 shares of its treasury stock, all common shares, representing 7.95% of its issued shares prior to the cancellation. Following this move, scheduled for March 31, 2026, the total number of shares ...
Yamaha Completes ¥15 Billion Share Buyback Under Board Authorization
Mar 25, 2026
Yamaha Corporation has completed a share buyback program authorized by its board in November 2025, acquiring 2,322,500 common shares on the Tokyo Stock Exchange between March 1 and March 24, 2026, for about ¥2.6 billion. This brings the total...
Yamaha Nears ¥15 Billion Share Buyback Limit With Latest Treasury Stock Purchases
Mar 2, 2026
Yamaha Corporation has continued its share repurchase program, acquiring 2,454,100 common shares on the Tokyo Stock Exchange between February 1 and February 28, 2026 for approximately ¥2.93 billion. This latest tranche is part of a broader bu...
Yamaha Revamps Executive Lineup With New Appointments and Retirements
Feb 26, 2026
Yamaha Corporation has announced a series of management changes effective April 1, 2026, including the appointment of Masamitsu Kitase, currently Senior General Manager of the New Business Development Division, and external hire Mitsuru Shomon as ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.