X

Yamaha has posted a surprise net loss of US$366M and lower sales; however, they are predicting a return to profits.Globally sales fell  4.6 percent to US$4.45 billion with the Company blaming a slow global economy and a high Japanese yen. Also contributing to the downturn was a shortage on parts, the company said.

Yamaha’s AV/IT segment, which includes home audio, commercial karaoke and IT equipment, accounted for 14.9 percent of revenues in fiscal 2012. Musical instruments accounted for 74 percent of revenues, and semiconductors accounted for 4.8 percent.

The musical instruments and AV/IT segments posted operating incomes of 7.7 million yen and 2.87 million yen, respectively, and semiconductors posted an operating loss of only 2.9 million yen.

Yamaha forecasts it will return to profitability in fiscal 2013 predicting a net income of 9 billion yen ($112 million) in fiscal 2013, which runs from April 2012 through March 31, 2013, on a 6 percent gain in net sales. To return to profitability, the company is accelerating sales efforts in China and emerging markets and optimizing manufacturing efficiencies.

Olimpia Splendid Unico Cooling 728x90 Yamaha Reports Surprise Loss
Uniden PRO 728 x 90 Yamaha Reports Surprise Loss
PAN1992 MWO Banners LB 728x90px V2 Yamaha Reports Surprise Loss
JBHIFI Pre order Ampere 728 x 90 media Yamaha Reports Surprise Loss
728x90 7 Yamaha Reports Surprise Loss
Banner Shyla 728x90 Yamaha Reports Surprise Loss
720 x 97 1 Yamaha Reports Surprise Loss
%name Yamaha Reports Surprise Loss
4SQM banner 728x90px SOUL Yamaha Reports Surprise Loss
DCS 8300LHV2 728x90 smarthouse 1 Yamaha Reports Surprise Loss


YOU MAY ALSO LIKE