Stock Analysis

Yamaha Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

June 27, 2024

Yamaha (TSE:7951) Full Year 2024 Results

Key Financial Results

Revenue: JP¥462.9b (up 2.5% from FY 2023).
Net income: JP¥29.6b (down 22% from FY 2023).
Profit margin: 6.4% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: JP¥176 (down from JP¥223 in FY 2023).

revenue-and-expenses-breakdown — TSE:7951 Revenue and Expenses Breakdown June 27th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Yamaha EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%.

The primary driver behind last 12 months revenue was the Musical Instruments segment contributing a total revenue of JP¥305.2b (66% of total revenue). Notably, cost of sales worth JP¥291.8b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥123.1b (87% of total expenses). Explore how 7951's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Leisure industry in Japan.

Performance of the Japanese Leisure industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Yamaha you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.