Q3 2022 Yamaha Corp Earnings Presentation Transcript

Feb 08, 2022 / 01:00AM GMT
Presentation
Feb 08, 2022 / 01:00AM GMT

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Corporate Participants
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* Satoshi Yamahata
Yamaha Corporation - Managing Executive Officer, Executive GM of Corp. Mgt., HR & Gen. Administration Unit and Director

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Satoshi Yamahata - Yamaha Corporation - Managing Executive Officer, Executive GM of Corp. Mgt., HR & Gen. Administration Unit and Director

Thank you very much for participating in Yamaha's briefing on the third quarter of FY March 2022. I'd like to start the explanation of the results.

Please turn to Page 1. Here, we are showing the highlights of the first 3 quarters. As the market continued to recover from the impact of COVID-19, we achieved a year-on-year increase in both the revenue and profits. However, the supply shortages continued due to the semiconductor procurement difficulties and the logistic disruptions.

As for the core operating profit, despite the rise of logistics and procurement costs, we achieved a year-on-year increase due to the effects of the

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