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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 includes deals with 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 2020 JPYUSD
Revenue414,227M3,809.83M
Gross Profit168,260M1,547.56M
Operating income46,353M426.32M
Income before tax47,225M434.34M
Net income34,622M318.43M
EBITDA63,675M585.64M
Diluted EPS194.701.79
Dividends Per Share660.60
Total Assets474,034M4,391.03M
Total liabilities147,581M1,367.06M
Total equity325,410M3,014.31M
Operating cash flow57,162M525.74M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 435,477M 408,248M 432,967M 437,416M 414,227M
Gross Profit 170,631M 163,498M 172,398M 179,643M 168,260M
Operating income 40,663M 44,304M 48,834M 56,031M 46,353M
Income before tax 41,578M 42,898M 74,471M 60,485M 47,225M
Net income 32,633M 46,720M 54,378M 43,754M 34,622M
EBITDA 56,138M 56,257M 59,672M 66,890M 63,675M
Diluted EPS 168.90 249.17 291.81 240.93 194.70
Dividends Per Share 44 52 56 60 66
Total Assets 469,745M 522,362M 552,309M 514,762M 474,034M
Total liabilities 165,856M 154,920M 163,959M 131,987M 147,581M
Total equity 301,545M 365,123M 386,519M 381,695M 325,410M
Operating cash flow 42,399M 39,142M 47,498M 30,234M 57,162M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 3,626.42M 3,770.03M 3,906.50M 3,944.42M 3,809.83M
Gross Profit 1,420.92M 1,509.85M 1,555.48M 1,619.94M 1,547.56M
Operating income 338.62M 409.13M 440.61M 505.26M 426.32M
Income before tax 346.24M 396.14M 671.92M 545.42M 434.34M
Net income 271.75M 431.44M 490.63M 394.55M 318.43M
EBITDA 467.48M 519.51M 538.39M 603.18M 585.64M
Diluted EPS 1.40 2.30 2.63 2.17 1.79
Dividends Per Share 0.36 0.48 0.50 0.54 0.60
Total Assets 4,179.41M 4,687.80M 5,193.31M 4,650.69M 4,391.03M
Total liabilities 1,475.65M 1,390.28M 1,541.69M 1,192.45M 1,367.06M
Total equity 2,682.90M 3,276.70M 3,634.40M 3,448.48M 3,014.31M
Operating cash flow 353.07M 361.46M 428.55M 272.63M 525.74M

Valuation Measures

Mar 2020
PER21.64
ROA7.00%
ROE9.79%
Operating margin11.19%
Profit margin8.35%

Key executives

  • President & Representative Director: Takuya Nakata
  • Director, GM-Operations & Management: Satoshi Yamahata
  • Executive Officer, GM-Technology & IMC Business: Shigeki Fujii
  • Executive Officer & Head-Internal Audit: Takashi Dairokuno
  • Executive Officer & GM-Musical Instruments Sales: Seiichi Yamaguchi

Shareholders

  • Yamaha Corp. (8.2%)
  • Nomura Asset Management Co., Ltd. (7.5%)
  • Yamaha Motor Co., Ltd. (5.3%)
  • The Shizuoka Bank, Ltd. (3.9%)
  • Sumitomo Life Insurance Co. (3.8%)
  • MS&AD Insurance Group Holdings, Inc. (3.7%)
  • Asset Management One Co., Ltd. (3.6%)
  • Nikko Asset Management Co., Ltd. (3.5%)
  • Daiwa Asset Management Co. Ltd. (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)

Contact Details

Related Companies

  • 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.
  • Yamaha Atelier Fuer Blasinstrumente & Percussioninstrumente
  • Yamaha Hall Co. Ltd.
  • Yamaha-Hazen Electronica Musical SA
  • Yamaha Musical Products, Inc.

Competitors

  • Samsung Electronics Co., Ltd.
  • Avid Technology, Inc.
  • ClearOne, Inc.
  • Plantronics, Inc.
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Samick Musical Instruments Co., Ltd
  • Fusheng Precision Co. Ltd.
  • Darfon Electronics Corp
  • Mirae Corp
  • Mycronic AB
Last Updated on 29 May, 2020

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