Yamaha Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	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%
Cost of Revenue	296,594	290,358	285,939	291,784	280,270	253,476
Gross Profit	190,245	174,972	176,141	171,082	171,140	154,721
Selling, General & Admin	148,873	143,091	139,419	136,926	120,134	106,774
Other Operating Expenses	-823	-295	-300	-7	68	-863
Operating Expenses	148,050	142,796	139,119	136,919	125,340	110,845
Operating Income	42,195	32,176	37,022	34,163	45,800	43,876
Interest Expense	-3,065	-696	-581	-561	-440	-386
Interest & Investment Income	3,849	3,748	4,490	4,509	3,666	4,250
Earnings From Equity Investments	-5	-	-	-	-	-
Currency Exchange Gain (Loss)	2,960	2,960	-1,320	4,655	777	1,377
Other Non Operating Income (Expenses)	-3	-2	-940	-1	752	-545
EBT Excluding Unusual Items	45,931	38,186	38,671	42,765	50,555	48,572
Merger & Restructuring Charges	-3,336	-3,336	-14,263	-4,831	-	-
Impairment of Goodwill	-	-	-1,204	-	-	-
Gain (Loss) on Sale of Investments	-	-	116	26	65	163
Gain (Loss) on Sale of Assets	725	725	356	-6	-6	4,597
Asset Writedown	-290	-290	-1,215	-326	-62	-322
Other Unusual Items	4,280	-	-	-	-	-
Pretax Income	47,310	35,285	22,461	37,628	50,552	53,010
Income Tax Expense	14,583	11,472	8,994	7,852	12,375	15,663
Earnings From Continuing Operations	32,727	23,813	13,467	29,776	38,177	37,347
Minority Interest in Earnings	-92	-93	-116	-134	6	-92
Net Income	32,635	23,720	13,351	29,642	38,183	37,255
Net Income to Common	32,635	23,720	13,351	29,642	38,183	37,255
Net Income Growth	82.89%	77.66%	-54.96%	-22.37%	2.49%	39.98%
Shares Outstanding (Basic)	443	450	484	506	515	520
Shares Outstanding (Diluted)	443	450	484	506	515	520
Shares Change	-4.44%	-7.03%	-4.35%	-1.62%	-1.12%	-1.34%
EPS (Basic)	73.59	52.70	27.58	58.56	74.21	71.60
EPS (Diluted)	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%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	42,283	31,647	32,347	20,916	-35,567	21,486
Free Cash Flow Per Share	95.35	70.31	66.81	41.32	-69.13	41.29
Dividend Per Share	26.000	26.000	25.330	24.667	22.000	22.000
Dividend Growth	-1.25%	2.65%	2.69%	12.12%	0%	0%
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%
Profit Margin	6.70%	5.10%	2.89%	6.40%	8.46%	9.13%
Free Cash Flow Margin	8.69%	6.80%	7.00%	4.52%	-7.88%	5.26%
EBITDA	58,150	47,432	52,500	49,026	65,070	61,190
EBITDA Margin	11.94%	10.19%	11.36%	10.59%	14.41%	14.99%
D&A For EBITDA	15,955	15,256	15,478	14,863	19,270	17,314
EBIT	42,195	32,176	37,022	34,163	45,800	43,876
EBIT Margin	8.67%	6.92%	8.01%	7.38%	10.15%	10.75%
Effective Tax Rate	30.82%	32.51%	40.04%	20.87%	24.48%	29.55%
Advertising Expenses	-	12,775	12,299	14,333	13,721	11,490