Yamaha Corporation, 2013 Earnings Call, May 01, 2013

Yamaha Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company's net sales were ¥366.9 billion compared with ¥356.6 billion a year ago. Operating income was ¥9.2 billion compared with ¥8.1 billion a year ago. Ordinary income was ¥8.6 billion compared with ¥7.3 billion a year ago. Net income was ¥4.1 billion or ¥21.3 per share compared with net loss of ¥29.4 billion or ¥151.7 per share a year ago. ROE was 1.9% compared with negative ROE of 13.2% a year ago. ROA was 1.1% compared with negative ROA of 7.8% a year ago. Capital expenditure was ¥13.8 billion compared with ¥11.3 billion a year ago. Cash flows from operating activities was ¥7.8 billion compared with ¥10.9 billion a year ago. For the year, on non-consolidated basis, the company's net sales were ¥231.4 billion compared with ¥239.3 billion a year ago. Operating loss was ¥4.2 billion compared with ¥4.3 billion a year ago. Ordinary income was ¥6.2 billion compared with ¥0.6 billion a year ago. Net income was ¥5.8 billion compared with net loss of ¥30.4 billion a year ago. For the year ending March 31, 2014, the company projects net sales of ¥390.0 billion, operating income of ¥18.0 billion, ordinary income of ¥16.5 billion, net income of ¥13.5 billion, ROE of 5.8%, ROA of 3.4%, earnings per share of ¥69.7, capital expenditure of ¥15.4 billion, and cash flows from operating activities of ¥27.8 billion. For the six months ended September 30, 2013, the company projects net sales of ¥189.5 billion, operating income of ¥9.5 billion, ordinary income of ¥8.5 billion, net income of ¥7.0 billion, ROE of 6.1%, ROA of 3.5%, earnings per share of ¥36.2, capital expenditure of ¥8.7 billion, and cash flows from operating activities of ¥4.4 billion.

Yamaha Corporation announced that they will report fiscal year 2013 results on Apr 30, 2013