Industries›2 companies · latest full-year results
Industry focused on manufacturing and selling musical instruments, professional and consumer audio equipment, and sound-related components.
The 2 musical instruments companies we cover had combined revenue of ¥566.3B (+0.8% year over year) and operating profit of ¥38.7B, an industry-wide operating margin of 6.8%.
Yamaha leads on revenue (¥465.3B, a 82.2% share).
Average pay across the industry is ¥7.48M, highest at Yamaha (¥7.84M).
Industry total
Musical Instruments · 2 companies
YoY compares companies with prior-year figures
StockShares are +19.4% over a year, ahead of the all-industry average (+14.9%).Details
GuidanceCompany plans for FY2027 (2 companies combined): revenue +5.3%, operating profit +35.7%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions1 raised and 0 cut this year's forecast. The biggest revision: Yamaha (operating profit +11.8%).Details
Latest resultsYear to date through Q1, 2 companies combined: revenue +12.3%, operating profit +160.9% year over year. 1 are ahead of an even pace toward their full-year plan, 1 behind.Details
Disclosures2 TSE filings in the last 90 days (one-off gains/losses 2).Details
Earnings dates2 companies report within 30 days, starting with Yamaha on Nov 5 and Roland on Nov 11.Details
None
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Musical Instruments | −0.1% | −6.8% | +19.4% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +2.6pt | −5.9pt | +4.4pt |
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥465.3B | +0.7% | ¥29.3B | 6.3% | 82.2% | ¥7.84M | 43.6 | 3,423 |
| 2 | ¥101.0B | +1.5% | ¥9.4B | 9.3% | 17.8% | ¥7.13M | 46.5 | 889 |
| Industry total / average | ¥566.3B | +0.8% | ¥38.7B | 6.8% | 100% | ¥7.48M | 45.0 | 4,312 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
