Yamaha Corporation (TYO:7951)

Yamaha Financials Overview

Financials in millions JPY. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	486,839	465,330	462,080	462,866	451,410	408,197
Revenue Growth	8.11%	0.70%	-0.17%	2.54%	10.59%	9.54%
Gross Profit Gross Profit Growth	190,245	174,972	176,141	171,082	171,140	154,721
Operating Income Operating Income Growth	42,195	32,176	37,022	34,163	45,800	43,876
Net Income Net Income Growth	32,635	23,720	13,351	29,642	38,183	37,255
Earnings Per Share EPS Growth	73.59	52.70	27.58	58.56	74.21	71.60
EPS Growth	91.39%	91.09%	-52.91%	-21.09%	3.65%	41.88%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Unallocated Adjustments Unallocated Adjustments Growth	-241	-239	-278	-242	-293	-301
Musical Instruments Musical Instruments Growth	324,022	304,924	296,100	305,195	302,653	276,153
Others Others Growth	17,248	17,960	18,214	36,804	41,409	35,420
Audio Equipment Audio Equipment Growth	145,808	142,684	148,044	121,108	107,641	96,924
Total Total Growth	486,837	465,329	462,080	462,865	451,410	408,196

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	157,217	113,159	105,016	106,448	103,886	172,495
Total Debt Total Debt Growth	21,072	16,653	19,957	17,933	17,667	27,897
Net Cash (Debt) Net Cash Growth	136,145	96,506	85,059	88,515	86,219	144,598
Net Cash Growth	58.32%	13.46%	-3.90%	2.66%	-40.37%	43.43%
Net Cash Per Share Net Cash Per Share Growth	307.02	214.40	175.69	174.87	167.58	277.89

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	56,262	45,777	55,281	43,836	-14,841	36,016
Capital Expenditures CapEx Growth	-13,979	-14,130	-22,934	-22,920	-20,726	-14,530
Free Cash Flow Free Cash Flow Growth	42,283	31,647	32,347	20,916	-35,567	21,486
Free Cash Flow Growth	30.02%	-2.16%	54.65%	-	-	-52.94%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	39.08%	37.60%	38.12%	36.96%	37.91%	37.90%
Operating Margin	8.67%	6.92%	8.01%	7.38%	10.15%	10.75%
Pretax Margin	9.72%	7.58%	4.86%	8.13%	11.20%	12.99%
Profit Margin	6.70%	5.10%	2.89%	6.40%	8.46%	9.13%
FCF Margin	8.69%	6.80%	7.00%	4.52%	-7.88%	5.26%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	26.000	26.000	25.330	24.667	22.000	22.000
Dividend Per Share Growth	0%	2.65%	2.69%	12.12%	0%	0%
Dividend Yield	2.09%	2.36%	2.19%	2.27%	1.29%	1.23%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	16.90	20.46	39.25	18.43	22.81	24.64
Forward PE	16.53	16.76	18.17	15.57	20.42	21.85
P/FCF Ratio	12.94	15.33	16.20	26.12	-	42.71
PS Ratio	1.12	1.04	1.13	1.18	1.93	2.25

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error