Yamaha downgrades full-year outlook on Q1 profit decline

Yamaha Corporation reported Q1 revenue of 103.9 billion yen, down 7.4% year-over-year, and net profit of 2.4 billion yen, a 74.7% decrease. This was driven by lower piano sales in China, reduced demand for professional audio equipment, and yen appreciation.

The full-year forecast was revised downward to 452.0 billion yen revenue and 22.5 billion yen net profit, reflecting the impact of additional US tariffs.