JMT Web News

May 02, 2018 05:08 PM

Yamaha’s 2018 Sales Increases 6.1%

According to Yamaha’s 2018 financial report announced on May 1, sales for the term was 433 billion yen, +6.1% and operating revenue was 48.8 billion yen, +10.2%, respectively, over the previous term. Net income also increased 16.4% to 54.4 billion yen. They all achieved historical record.

Sales of music business rose 6.5% to 274.5 billion yen. The company explains that guitars achieved 2-digit growth, and demands for digital musical instruments were also high. Chinese market greatly advanced with 17% growth, and it also achieved good results exceeding the previous term at developing markets. Audio products business closed with 121.8 billion yen sales, +5.5%.

The company expects 39.5 billion yen operating revenue for music business in 2019.

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