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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 2021 JPYUSD
Revenue372,630M3,513.47M
Gross Profit138,000M1,301.18M
Operating income40,712M383.86M
Income before tax37,102M349.82M
Net income26,615M250.94M
EBITDA57,768M544.68M
Diluted EPS151.391.42
Dividends Per Share660.62
Total Assets557,616M5,046.29M
Total liabilities160,662M1,453.95M
Total equity395,958M3,583.33M
Operating cash flow58,225M548.99M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 408,248M 432,967M 434,373M 414,227M 372,630M
Gross Profit 163,498M 172,398M 174,282M 163,358M 138,000M
Operating income 44,304M 48,834M 52,747M 46,353M 40,712M
Income before tax 42,898M 74,471M 56,471M 47,225M 37,102M
Net income 46,720M 54,378M 40,338M 34,622M 26,615M
EBITDA 56,257M 59,672M 69,300M 63,675M 57,768M
Diluted EPS 249.17 291.81 222.12 194.70 151.39
Dividends Per Share 52 56 60 66 66
Total Assets 522,362M 552,309M 515,924M 474,034M 557,616M
Total liabilities 154,920M 163,959M 156,912M 147,581M 160,662M
Total equity 365,123M 386,519M 357,936M 325,410M 395,958M
Operating cash flow 39,142M 47,498M 35,520M 57,162M 58,225M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,770.03M 3,906.50M 3,916.98M 3,809.83M 3,513.47M
Gross Profit 1,509.85M 1,555.48M 1,571.59M 1,502.47M 1,301.18M
Operating income 409.13M 440.61M 475.64M 426.32M 383.86M
Income before tax 396.14M 671.92M 509.23M 434.34M 349.82M
Net income 431.44M 490.63M 363.75M 318.43M 250.94M
EBITDA 519.51M 538.39M 624.91M 585.64M 544.68M
Diluted EPS 2.30 2.63 2.00 1.79 1.42
Dividends Per Share 0.48 0.50 0.54 0.60 0.62
Total Assets 4,687.80M 5,193.31M 4,661.19M 4,391.03M 5,046.29M
Total liabilities 1,390.28M 1,541.69M 1,417.64M 1,367.06M 1,453.95M
Total equity 3,276.70M 3,634.40M 3,233.82M 3,014.31M 3,583.33M
Operating cash flow 361.46M 428.55M 320.30M 525.74M 548.99M

Valuation Measures

Mar 2021
PER39.69
ROA5.15%
ROE7.37%
Operating margin10.92%
Profit margin7.14%

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 & Deputy GM-Acoustic Business: Shinichi Takenaga

Shareholders

  • Yamaha Corp. (9.8%)
  • Nomura Asset Management Co., Ltd. (7.8%)
  • Yamaha Motor Co., Ltd. (5.3%)
  • The Shizuoka Bank Ltd. (3.9%)
  • 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. (3.3%)
  • Asset Management One Co., Ltd. (2.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)

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.
  • Darfon Electronics Corp
  • Samick Musical Instruments Co., Ltd
  • Ingersoll Rand Inc.
  • Mirae Corp
Last Updated on 22 Oct, 2021

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