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Consumer Durables

Yamaha Corp.

Business Summary

Yamaha Corp. engages in the manufacture and sale of musical instruments, audio equipment and electronic components. It operates through the following segments: Musical Instruments, Audio Equipment, and Others. The Musical Instruments segment provides piano, strings, percussion, wind, and electronic musical instruments. The Audio Equipment segment offers audio products, professional audio equipment, and telecommunications equipment. The Others segment deals with the electronic parts, automobile interior parts, factory automation equipment, golf equipment, and resort businesses. The company was founded by Torakusu Yamaha in November 1887 and is headquartered in Hamamatsu, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue408,197M3,632.52M
Gross Profit149,787M1,332.94M
Operating income43,013M382.77M
Income before tax53,010M471.73M
Net income37,255M331.53M
EBITDA60,327M536.84M
Diluted EPS214.791.91
Dividends Per Share660.58
Total Assets580,927M4,786.21M
Total liabilities164,996M1,359.39M
Total equity414,773M3,417.28M
Operating cash flow36,016M320.50M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 432,967M 434,373M 414,227M 372,630M 408,197M
Gross Profit 172,398M 174,282M 163,358M 138,000M 149,787M
Operating income 48,834M 52,747M 46,353M 40,712M 43,013M
Income before tax 74,471M 56,471M 47,225M 37,102M 53,010M
Net income 54,378M 40,338M 34,622M 26,615M 37,255M
EBITDA 59,672M 69,300M 63,675M 57,768M 60,327M
Diluted EPS 291.81 222.12 194.70 151.39 214.79
Dividends Per Share 56 60 66 66 66
Total Assets 552,309M 515,924M 474,034M 557,616M 580,927M
Total liabilities 163,959M 156,912M 147,581M 160,662M 164,996M
Total equity 386,519M 357,936M 325,410M 395,958M 414,773M
Operating cash flow 47,498M 35,520M 57,162M 58,225M 36,016M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 3,906.50M 3,916.98M 3,809.83M 3,513.47M 3,632.52M
Gross Profit 1,555.48M 1,571.59M 1,502.47M 1,301.18M 1,332.94M
Operating income 440.61M 475.64M 426.32M 383.86M 382.77M
Income before tax 671.92M 509.23M 434.34M 349.82M 471.73M
Net income 490.63M 363.75M 318.43M 250.94M 331.53M
EBITDA 538.39M 624.91M 585.64M 544.68M 536.84M
Diluted EPS 2.63 2.00 1.79 1.42 1.91
Dividends Per Share 0.50 0.54 0.60 0.62 0.58
Total Assets 5,193.31M 4,661.19M 4,391.03M 5,046.29M 4,786.21M
Total liabilities 1,541.69M 1,417.64M 1,367.06M 1,453.95M 1,359.39M
Total equity 3,634.40M 3,233.82M 3,014.31M 3,583.33M 3,417.28M
Operating cash flow 428.55M 320.30M 525.74M 548.99M 320.50M

Valuation Measures

Mar 2022
PER24.90
ROA6.54%
ROE9.19%
Operating margin10.53%
Profit margin9.12%

Key executives

  • Executive President & Representative Director: Takuya Nakata
  • Executive Officer & General Manager-Operations: Taro Tokuhiro
  • Executive Officer, GM-Technology & IMC Business: Shigeki Fujii
  • Executive Officer & GM-Acoustics Sales: Seiichi Yamaguchi
  • Executive Officer & GM-Acoustic Business: Shinichi Takenaga

Shareholders

  • Yamaha Corp. (8.3%)
  • Nomura Asset Management Co., Ltd. (7.5%)
  • Yamaha Motor Co., Ltd. (4.2%)
  • The Shizuoka Bank Ltd. (4.0%)
  • Sumitomo Life Insurance Co. (3.8%)
  • Nikko Asset Management Co., Ltd. (3.7%)
  • Daiwa Asset Management Co. Ltd. (3.5%)
  • MS&AD Insurance Group Holdings, Inc. (3.1%)
  • Asset Management One Co., Ltd. (2.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.7%)

Contact Details

Related Companies

  • YAMAHA MUSIC EUROPE GmbH (France)
  • Yamaha Music Manufacturing Japan Corp.
  • PT Yamaha Musical Products Asia
  • Taiwan Yamaha Musical Instrument Mfg. Co., Ltd.
  • Yamaha Guitar Group, Inc.
  • Yamaha Corp. (China)
  • Yamaha Restricted Stock Compensation Plan
  • Skeeter Boats, Inc.
  • SP Music Centre Sdn. Bhd.
  • Patrick Censier SARL
  • PT Yamaha Music Manufacturing Asia
  • Yamaha Music Vietnam Co. Ltd.
  • Yamaha Music India Pvt Ltd.
  • PT Yamaha Musical Products Indonesia
  • Yamaha Music Technical (Shanghai) Co. Ltd.
  • PT Yamaha Music Manufacturing Indonesia
  • iPulse Ltd.
  • Yamaha Commercial Audio Systems, Inc.
  • Yamaha Artist Services, Inc.
  • Yamaha Music (Russia) LLC
  • Yamaha Music Latin America SA
  • Yamaha Music & Electronics Taiwan Co., Ltd.
  • Yamaha Trading (Shanghai) Co. Ltd.
  • PT Yamaha Music Indonesia
  • PT Yamaha Electronics Manufacturing Indonesia
  • Yamaha Systems Technology Singapore Pte Ltd.
  • Yamaha de Mexico SA de CV
  • Yamaha Electronics (UK) Ltd.
  • Yamaha Music Malaysia Sdn. Bhd.
  • Yamaha Electronics Asia Pte Ltd.

Competitors

  • Samsung Electronics Co., Ltd.
  • ClearOne, Inc.
  • Avid Technology, Inc.
  • Plantronics, Inc.
  • Fusheng Precision Co. Ltd.
  • Samick Musical Instruments Co., Ltd
  • Mirae Corp
Last Updated on 12 Aug, 2022

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