Yamaha
Financial history
- Revenue · FYE Mar 2026
- ¥465bn
- Operating profit · FYE Mar 2026
- ¥29bn
- Net profit · FYE Mar 2026
- ¥24bn
- Total assets
- ¥618bn
- Equity ratio
- 77.2%
- Long-term series
- 1950–2026
Yamaha: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)| Fiscal year | Unit | 1950 *1 FYE Apr | 1951 *1 FYE Apr | 1952 *1 FYE Apr | 1953 *1 FYE Apr | 1954 *1 FYE Apr | 1955 *1 FYE Apr | 1957 *1 FYE Apr | 1958 *2 FYE Apr | 1959 *2 FYE Apr | 1960 *2 FYE Apr | 1961 *2 FYE Apr | 1962 *3 FYE Apr | 1963 *3 FYE Apr | 1964 *3 FYE Apr | 1965 *3 FYE Apr | 1966 *4 FYE Apr | 1967 *4 FYE Apr | 1968 *4 FYE Apr | 1969 *4 FYE Apr | 1970 *5 FYE Apr | 1971 *5 FYE Apr | 1972 *5 FYE Apr | 1973 *5 FYE Apr | 1974 *5 FYE Apr | 1976 *5 FYE Apr | 1977 *5 FYE Apr | 1978 *5 FYE Apr | 1979 *5 FYE Apr | 1980 *5 FYE Apr | 1981 *5 FYE Apr | 1982 *5 FYE Apr | 1983 *5 FYE Apr | 1984 *5 FYE Apr | 1988 *6 FYE Apr | 1989 *6 FYE Apr | 1990 *6 FYE Apr | 1991 *6 FYE Mar | 1992 *7 FYE Mar | 1993 *7 FYE Mar | 1994 *7 FYE Mar | 1995 *7 FYE Mar | 1996 *7 FYE Mar | 1997 *7 FYE Mar | 1998 *7 FYE Mar | 1999 *7 FYE Mar | 2000 *7 FYE Mar | 2001 *7 FYE Mar | 2002 *8 FYE Mar | 2003 *8 FYE Mar | 2004 *8 FYE Mar | 2005 *8 FYE Mar | 2006 *8 FYE Mar | 2007 *8 FYE Mar | 2008 *8 FYE Mar | 2009 *8 FYE Mar | 2010 *8 FYE Mar | 2011 *8 FYE Mar | 2012 *8 FYE Mar | 2013 *8 FYE Mar | 2014 *8 FYE Mar | 2015 *8 FYE Mar | 2016 *8 FYE Mar | 2017 *8 FYE Mar | 2018 *8 FYE Mar | 2019 *8 FYE Mar | 2020 *8 FYE Mar | 2021 *8 FYE Mar | 2022 *8 FYE Mar | 2023 *8 FYE Mar | 2024 *8 FYE Mar | 2025 *8 FYE Mar | 2026 *8 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥1.8bn | ¥2.1bn | ¥3.5bn | ¥4.0bn | ¥5.6bn | ¥5.6bn | ¥7.5bn | ¥8.7bn | ¥9.9bn | ¥15bn | ¥20bn | ¥27bn | ¥34bn | ¥28bn | ¥58bn | ¥57bn | ¥48bn | ¥47bn | ¥59bn | ¥76bn | ¥91bn | ¥103bn | ¥123bn | ¥165bn | ¥209bn | ¥254bn | ¥276bn | ¥282bn | ¥304bn | ¥330bn | ¥346bn | ¥335bn | ¥339bn | ¥392bn | ¥398bn | ¥385bn | ¥383bn | ¥513bn | ¥483bn | ¥446bn | ¥483bn | ¥531bn | ¥605bn | ¥609bn | ¥564bn | ¥528bn | ¥519bn | ¥504bn | ¥525bn | ¥540bn | ¥534bn | ¥534bn | ¥550bn | ¥549bn | ¥459bn | ¥415bn | ¥374bn | ¥357bn | ¥367bn | ¥410bn | ¥432bn | ¥435bn | ¥408bn | ¥433bn | ¥437bn | ¥414bn | ¥373bn | ¥408bn | ¥451bn | ¥463bn | ¥462bn | ¥465bn |
| YoY | % | — | +12.6% | +69.3% | +15.6% | +38.4% | +0.9% | — | +16.1% | +13.9% | +47.1% | +35.7% | +34.8% | +27.0% | -17.7% | +109.0% | -2.7% | -14.8% | -1.9% | +23.4% | +30.4% | +19.5% | +12.5% | +19.8% | +34.6% | — | +21.3% | +8.8% | +2.2% | +7.8% | +8.5% | +5.0% | -3.3% | +1.2% | — | +1.5% | -3.2% | -0.3% | +33.8% | -5.7% | -7.8% | +8.3% | +10.1% | +13.8% | +0.7% | -7.4% | -6.4% | -1.6% | -2.8% | +4.0% | +2.8% | -1.0% | 0.0% | +3.1% | -0.3% | -16.3% | -9.7% | -9.9% | -4.6% | +2.9% | +11.8% | +5.3% | +0.8% | -6.2% | +6.1% | +1.0% | -5.3% | -10.0% | +9.5% | +10.6% | +2.5% | -0.2% | +0.7% |
| Operating profit | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥24bn | ¥28bn | ¥33bn | ¥14bn | ¥6.8bn | ¥13bn | ¥8.1bn | ¥9.2bn | ¥26bn | ¥30bn | ¥41bn | ¥44bn | ¥49bn | ¥53bn | ¥43bn | ¥35bn | ¥49bn | ¥47bn | ¥29bn | ¥21bn | ¥29bn |
| YoY | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +14.9% | +18.4% | -57.9% | -50.7% | +94.1% | -38.6% | +13.6% | +182.6% | +15.8% | +35.2% | +8.8% | +10.2% | +8.2% | -18.0% | -19.2% | +40.9% | -5.7% | -37.6% | -28.6% | +41.5% |
| Ordinary profit | JPY | ¥0.1bn | ¥0.2bn | ¥0.3bn | ¥0.3bn | ¥0.4bn | ¥0.3bn | ¥0.3bn | ¥0.3bn | ¥0.3bn | ¥0.5bn | ¥0.6bn | ¥0.9bn | ¥1.1bn | ¥1.7bn | ¥2.0bn | ¥2.3bn | ¥3.2bn | ¥2.5bn | ¥3.7bn | — | ¥8.6bn | ¥9.6bn | ¥11bn | ¥12bn | ¥12bn | ¥13bn | ¥13bn | ¥16bn | ¥16bn | ¥15bn | ¥13bn | ¥8.9bn | ¥11bn | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥7.7bn | ¥34bn | ¥51bn | ¥41bn | ¥35bn | ¥43bn | ¥33bn | ¥12bn | ¥4.9bn | ¥11bn | ¥7.3bn | ¥8.6bn | ¥26bn | ¥31bn | — | — | — | — | — | — | — | — | — | — | — |
| Net profit | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥3.9bn | ¥4.4bn | ¥4.7bn | ¥5.1bn | ¥5.7bn | ¥4.8bn | ¥5.3bn | ¥4.6bn | ¥6.0bn | ¥6.7bn | ¥6.9bn | ¥5.6bn | ¥3.2bn | ¥3.5bn | ¥5.4bn | ¥3.7bn | ¥4.3bn | ¥4.1bn | ¥5.7bn | ¥1.8bn | -¥4.0bn | ¥5.3bn | ¥9.4bn | ¥14bn | ¥13bn | -¥16bn | -¥41bn | ¥13bn | -¥10bn | ¥18bn | ¥44bn | ¥20bn | ¥28bn | ¥28bn | ¥40bn | -¥21bn | -¥4.9bn | ¥5.0bn | -¥29bn | ¥4.1bn | ¥23bn | ¥25bn | ¥33bn | ¥47bn | ¥54bn | ¥44bn | ¥35bn | ¥27bn | ¥37bn | ¥38bn | ¥30bn | ¥13bn | ¥24bn |
| YoY | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +11.9% | +5.9% | +9.0% | +12.2% | — | +10.4% | -13.2% | +30.4% | +11.7% | +3.0% | -18.8% | -42.9% | +9.4% | — | -32.2% | +15.8% | -4.2% | +41.0% | -68.3% | -318.7% | — | +76.9% | +48.5% | -4.3% | -217.9% | — | — | -176.7% | — | +143.0% | -54.9% | +43.4% | -1.1% | +42.1% | -152.2% | — | — | -686.0% | — | +456.1% | +9.2% | +30.9% | +43.3% | +16.3% | -19.5% | -20.8% | -23.1% | +39.8% | +2.4% | -22.3% | -55.1% | +78.2% |
| Operating margin | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.5% | 5.0% | 6.0% | 3.0% | 1.6% | 3.5% | 2.3% | 2.5% | 6.3% | 7.0% | 9.3% | 10.9% | 11.3% | 12.1% | 10.5% | 9.4% | 12.1% | 10.3% | 6.3% | 4.5% | 6.3% |
| Net margin | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.2% | 4.8% | 4.6% | 4.1% | 3.5% | 2.3% | 2.1% | 1.7% | 2.1% | 2.2% | 2.1% | 1.6% | 1.0% | 1.0% | 1.4% | 0.9% | 1.1% | 1.1% | 1.1% | 0.4% | -0.9% | 1.1% | 1.8% | 2.3% | 2.2% | -2.8% | -7.7% | 2.6% | -2.0% | 3.4% | 8.1% | 3.7% | 5.3% | 5.1% | 7.2% | -4.5% | -1.2% | 1.3% | -8.2% | 1.1% | 5.6% | 5.8% | 7.5% | 11.4% | 12.5% | 10.0% | 8.4% | 7.1% | 9.1% | 8.4% | 6.4% | 2.9% | 5.1% |
- *1 Kaisha Nenkan (Company Yearbook)
- *2 Kaisha Nenkan (Company Yearbook), 1962 edition
- *3 Kaisha Nenkan (Company Yearbook), 1965 edition
- *4 Kaisha Nenkan (Company Yearbook), 1970 edition
- *5 Kaisha Nenkan (Company Yearbook), 1986 edition
- *6 ヤノニュース(1465)
- *7 Kaisha Nenkan (Company Yearbook), 2002 edition
- *8 Securities report
Cost structure Cost of sales SG&A Other operating costs Operating profit Operating margin
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| Fiscal year | Unit | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥534bn | ¥550bn | ¥549bn | ¥459bn | ¥415bn | ¥374bn | ¥357bn | ¥367bn | ¥410bn | ¥432bn | ¥435bn | ¥408bn | ¥433bn | ¥437bn | ¥414bn | ¥373bn | ¥408bn | ¥451bn | ¥463bn | ¥462bn | ¥465bn |
| YoY | % | — | +3.0% | -0.3% | -16.3% | -9.7% | -9.9% | -4.6% | +2.9% | +11.8% | +5.3% | +0.8% | -6.3% | +6.1% | +1.0% | -5.3% | -10.0% | +9.5% | +10.6% | +2.5% | -0.2% | +0.7% |
| Cost of sales | JPY | ¥342bn | ¥352bn | ¥344bn | ¥290bn | ¥268bn | ¥237bn | ¥232bn | ¥238bn | ¥262bn | ¥270bn | ¥262bn | ¥242bn | ¥258bn | ¥255bn | ¥246bn | ¥230bn | ¥253bn | ¥280bn | ¥292bn | ¥286bn | ¥290bn |
| SG&A | JPY | ¥168bn | ¥170bn | ¥172bn | ¥155bn | ¥140bn | ¥123bn | ¥117bn | ¥119bn | ¥122bn | ¥132bn | ¥132bn | ¥121bn | ¥126bn | ¥126bn | ¥122bn | ¥102bn | ¥112bn | ¥125bn | ¥137bn | ¥139bn | ¥143bn |
| Other operating costs | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥3.0bn | ¥5.7bn | -¥6.3bn | -¥0.6bn | ¥4.7bn | ¥16bn | ¥2.6bn |
| Operating profit | JPY | ¥24bn | ¥28bn | ¥33bn | ¥14bn | ¥6.8bn | ¥13bn | ¥8.1bn | ¥9.2bn | ¥26bn | ¥30bn | ¥41bn | ¥44bn | ¥49bn | ¥53bn | ¥43bn | ¥35bn | ¥49bn | ¥46bn | ¥29bn | ¥21bn | ¥29bn |
| YoY | % | — | +14.7% | +18.6% | -57.8% | -50.7% | +92.8% | -38.4% | +13.6% | +182.1% | +15.9% | +34.9% | +8.9% | +10.2% | +8.2% | -18.0% | -19.1% | +40.8% | -5.8% | -37.6% | -28.6% | +41.5% |
| Operating margin | % | 4.5% | 5.0% | 6.0% | 3.0% | 1.6% | 3.5% | 2.3% | 2.5% | 6.3% | 7.0% | 9.3% | 10.9% | 11.3% | 12.1% | 10.5% | 9.4% | 12.1% | 10.3% | 6.3% | 4.5% | 6.3% |
| Change | pp | — | +0.5pp | +1.0pp | -3.0pp | -1.4pp | +1.9pp | -1.2pp | +0.2pp | +3.8pp | +0.7pp | +2.3pp | +1.6pp | +0.4pp | +0.8pp | -1.6pp | -1.1pp | +2.7pp | -1.8pp | -4.0pp | -1.8pp | +1.8pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | JPY | ¥510bn | ¥513bn | ¥509bn | ¥506bn | ¥520bn | ¥559bn | ¥540bn | ¥409bn | ¥402bn | ¥391bn | ¥367bn | ¥391bn | ¥439bn | ¥530bn | ¥470bn | ¥522bn | ¥552bn | ¥515bn | ¥474bn | ¥558bn | ¥581bn | ¥594bn | ¥667bn | ¥591bn | ¥618bn |
| YoY | % | — | +0.6% | -0.8% | -0.6% | +2.8% | +7.5% | -3.3% | -24.3% | -1.7% | -2.8% | -6.2% | +6.5% | +12.4% | +20.8% | -11.4% | +11.2% | +5.7% | -6.8% | -7.9% | +17.6% | +4.1% | +2.3% | +12.2% | -11.3% | +4.4% |
| Equity | JPY | ¥202bn | ¥214bn | ¥260bn | ¥275bn | ¥316bn | ¥347bn | ¥340bn | ¥249bn | ¥252bn | ¥242bn | ¥207bn | ¥230bn | ¥275bn | ¥346bn | ¥302bn | ¥365bn | ¥387bn | ¥382bn | ¥324bn | ¥395bn | ¥415bn | ¥456bn | ¥509bn | ¥448bn | ¥477bn |
| YoY | % | — | +6.2% | +21.3% | +5.8% | +14.9% | +9.7% | -2.0% | -26.7% | +1.1% | -3.8% | -14.6% | +11.0% | +19.7% | +25.9% | -12.9% | +21.1% | +5.9% | -1.2% | -15.0% | +21.8% | +5.0% | +9.9% | +11.8% | -12.1% | +6.6% |
| Interest-bearing debt | JPY | — | — | — | — | ¥28bn | ¥26bn | ¥21bn | ¥19bn | ¥15bn | ¥12bn | ¥11bn | ¥10bn | ¥8.8bn | ¥12bn | ¥8.5bn | ¥11bn | ¥11bn | ¥8.9bn | ¥11bn | ¥8.4bn | ¥11bn | ¥1.5bn | ¥1.0bn | ¥5.6bn | ¥0.5bn |
| Equity ratio | % | 39.6% | 41.8% | 51.1% | 54.4% | 60.8% | 62.0% | 62.9% | 60.9% | 62.6% | 61.9% | 56.4% | 58.8% | 62.6% | 65.3% | 64.2% | 69.9% | 70.0% | 74.2% | 68.4% | 70.8% | 71.4% | 76.7% | 76.4% | 75.7% | 77.2% |
| Change | pp | — | +2.2pp | +9.3pp | +3.3pp | +6.4pp | +1.2pp | +0.9pp | -2.0pp | +1.7pp | -0.7pp | -5.5pp | +2.4pp | +3.8pp | +2.7pp | -1.1pp | +5.7pp | +0.1pp | +4.2pp | -5.8pp | +2.4pp | +0.6pp | +5.3pp | -0.3pp | -0.7pp | +1.5pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF
Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | JPY | ¥29bn | ¥33bn | ¥58bn | ¥40bn | ¥26bn | ¥40bn | ¥37bn | -¥2.2bn | ¥40bn | ¥23bn | ¥11bn | ¥7.8bn | ¥33bn | ¥32bn | ¥42bn | ¥39bn | ¥47bn | ¥30bn | ¥57bn | ¥58bn | ¥36bn | -¥15bn | ¥44bn | ¥55bn | ¥46bn |
| YoY | % | — | +13.9% | +76.5% | -32.2% | -35.6% | +55.8% | -6.3% | -106.0% | — | -43.2% | -52.0% | -28.7% | +328.3% | -4.5% | +33.6% | -7.7% | +21.3% | -36.3% | +89.1% | +1.9% | -38.1% | -141.2% | — | +26.1% | -17.2% |
| Investing CF | JPY | -¥10bn | -¥22bn | -¥19bn | -¥13bn | -¥18bn | -¥22bn | ¥42bn | -¥26bn | -¥13bn | -¥9.7bn | -¥9.0bn | -¥13bn | -¥23bn | -¥12bn | ¥0.6bn | -¥9.7bn | ¥4.8bn | -¥23bn | -¥21bn | -¥5.8bn | ¥44bn | -¥22bn | -¥16bn | ¥8.1bn | -¥7.9bn |
| Financing CF | JPY | -¥13bn | -¥8.6bn | -¥50bn | -¥8.3bn | -¥26bn | -¥8.2bn | -¥19bn | -¥31bn | -¥9.9bn | -¥10bn | -¥3.2bn | -¥5.5bn | -¥4.7bn | -¥5.9bn | -¥30bn | -¥13bn | -¥36bn | -¥28bn | -¥36bn | -¥21bn | -¥44bn | -¥35bn | -¥37bn | -¥63bn | -¥38bn |
| Cash & equivalents | JPY | ¥41bn | ¥43bn | ¥31bn | ¥50bn | ¥35bn | ¥46bn | ¥103bn | ¥41bn | ¥59bn | ¥58bn | ¥56bn | ¥49bn | ¥58bn | ¥76bn | ¥85bn | ¥101bn | ¥117bn | ¥96bn | ¥93bn | ¥129bn | ¥172bn | ¥104bn | ¥102bn | ¥100bn | ¥109bn |
| YoY | % | — | +5.9% | -27.3% | +61.3% | -29.7% | +29.6% | +125.1% | -60.1% | +43.7% | -1.3% | -4.3% | -11.5% | +16.3% | +32.4% | +11.6% | +18.4% | +16.6% | -18.4% | -3.3% | +39.6% | +33.4% | -39.8% | -2.2% | -1.7% | +9.1% |
- *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | % | — | — | — | — | 4.5% | 5.0% | 6.0% | 3.0% | 1.6% | 3.5% | 2.3% | 2.5% | 6.3% | 7.0% | 9.3% | 10.9% | 11.3% | 12.1% | 10.5% | 9.4% | 12.1% | 10.3% | 6.3% | 4.5% | 6.3% |
| Change | pp | — | — | — | — | — | +0.5pp | +1.0pp | -3.0pp | -1.4pp | +1.9pp | -1.2pp | +0.2pp | +3.8pp | +0.7pp | +2.3pp | +1.6pp | +0.4pp | +0.8pp | -1.6pp | -1.1pp | +2.7pp | -1.8pp | -4.0pp | -1.8pp | +1.8pp |
| Net margin | % | -2.0% | 3.4% | 8.1% | 3.7% | 5.3% | 5.1% | 7.2% | -4.5% | -1.2% | 1.4% | -8.2% | 1.1% | 5.6% | 5.8% | 7.5% | 11.4% | 12.6% | 10.0% | 8.4% | 7.1% | 9.1% | 8.5% | 6.4% | 2.9% | 5.1% |
| Change | pp | — | +5.4pp | +4.7pp | -4.4pp | +1.6pp | -0.2pp | +2.1pp | -11.7pp | +3.3pp | +2.6pp | -9.6pp | +9.3pp | +4.5pp | +0.2pp | +1.7pp | +3.9pp | +1.2pp | -2.6pp | -1.6pp | -1.3pp | +2.0pp | -0.6pp | -2.1pp | -3.5pp | +2.2pp |
| ROE | % | -5.1% | 8.4% | 16.7% | 7.2% | 8.9% | 8.0% | 11.6% | -8.3% | -2.0% | 2.1% | -14.2% | 1.8% | 8.3% | 7.2% | 10.8% | 12.8% | 14.1% | 11.5% | 10.7% | 6.7% | 9.0% | 8.4% | 5.8% | 3.0% | 5.0% |
| Change | pp | — | +13.5pp | +8.3pp | -9.5pp | +1.7pp | -0.9pp | +3.6pp | -19.9pp | +6.3pp | +4.1pp | -16.3pp | +16.0pp | +6.5pp | -1.1pp | +3.6pp | +2.0pp | +1.3pp | -2.6pp | -0.8pp | -4.0pp | +2.3pp | -0.6pp | -2.6pp | -2.8pp | +2.0pp |
| Equity ratio | % | 39.6% | 41.8% | 51.1% | 54.4% | 60.8% | 62.0% | 62.9% | 60.9% | 62.6% | 61.9% | 56.4% | 58.8% | 62.6% | 65.3% | 64.2% | 69.9% | 70.0% | 74.2% | 68.4% | 70.8% | 71.4% | 76.7% | 76.4% | 75.7% | 77.2% |
| Change | pp | — | +2.2pp | +9.3pp | +3.3pp | +6.4pp | +1.2pp | +0.9pp | -2.0pp | +1.7pp | -0.7pp | -5.5pp | +2.4pp | +3.8pp | +2.7pp | -1.1pp | +5.7pp | +0.1pp | +4.2pp | -5.8pp | +2.4pp | +0.6pp | +5.3pp | -0.3pp | -0.7pp | +1.5pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Reporting basis
Which accounting standard each fiscal year was filed under. Figures are not strictly comparable across a change of standard.
| Fiscal year | Unit | 2001 *1 FYE Mar | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | |
| Basis | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
- *1 Securities report (yuka shoken hokokusho), as filed
Yen–dollar exchange rate ¥ per US$1
Annual average, yen per one US dollar. Every figure above is in yen as filed — convert one using the rate of its own year, never today's. A higher line is a weaker yen.
| Fiscal year | Unit | 1949 *1 Cal. year | 1950 *1 Cal. year | 1951 *1 Cal. year | 1952 *1 Cal. year | 1953 *1 Cal. year | 1954 *1 Cal. year | 1955 *1 Cal. year | 1956 *1 Cal. year | 1957 *1 Cal. year | 1958 *1 Cal. year | 1959 *1 Cal. year | 1960 *1 Cal. year | 1961 *1 Cal. year | 1962 *1 Cal. year | 1963 *1 Cal. year | 1964 *1 Cal. year | 1965 *1 Cal. year | 1966 *1 Cal. year | 1967 *1 Cal. year | 1968 *1 Cal. year | 1969 *1 Cal. year | 1970 *1 Cal. year | 1971 *1 Cal. year | 1972 *2 Cal. year | 1973 *3 Cal. year | 1974 *3 Cal. year | 1975 *3 Cal. year | 1976 *3 Cal. year | 1977 *3 Cal. year | 1978 *3 Cal. year | 1979 *3 Cal. year | 1980 *4 Cal. year | 1981 *4 Cal. year | 1982 *4 Cal. year | 1983 *4 Cal. year | 1984 *4 Cal. year | 1985 *4 Cal. year | 1986 *4 Cal. year | 1987 *4 Cal. year | 1988 *4 Cal. year | 1989 *4 Cal. year | 1990 *4 Cal. year | 1991 *4 Cal. year | 1992 *4 Cal. year | 1993 *4 Cal. year | 1994 *4 Cal. year | 1995 *4 Cal. year | 1996 *4 Cal. year | 1997 *4 Cal. year | 1998 *4 Cal. year | 1999 *4 Cal. year | 2000 *4 Cal. year | 2001 *4 Cal. year | 2002 *4 Cal. year | 2003 *4 Cal. year | 2004 *4 Cal. year | 2005 *4 Cal. year | 2006 *4 Cal. year | 2007 *4 Cal. year | 2008 *4 Cal. year | 2009 *4 Cal. year | 2010 *4 Cal. year | 2011 *4 Cal. year | 2012 *4 Cal. year | 2013 *4 Cal. year | 2014 *4 Cal. year | 2015 *4 Cal. year | 2016 *4 Cal. year | 2017 *4 Cal. year | 2018 *4 Cal. year | 2019 *4 Cal. year | 2020 *4 Cal. year | 2021 *4 Cal. year | 2022 *4 Cal. year | 2023 *4 Cal. year | 2024 *4 Cal. year | 2025 *4 Cal. year | 2026 *4,5 Cal. year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rate | ¥/US$ | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥308.00 | ¥274.00 | ¥293.00 | ¥299.00 | ¥292.00 | ¥257.00 | ¥201.00 | ¥230.00 | ¥226.69 | ¥220.55 | ¥249.06 | ¥237.48 | ¥237.53 | ¥238.53 | ¥168.52 | ¥144.60 | ¥128.13 | ¥137.98 | ¥144.81 | ¥134.51 | ¥126.67 | ¥111.18 | ¥102.22 | ¥94.05 | ¥108.77 | ¥121.02 | ¥130.89 | ¥113.84 | ¥107.74 | ¥121.52 | ¥125.28 | ¥115.92 | ¥108.16 | ¥110.15 | ¥116.28 | ¥117.77 | ¥103.33 | ¥93.53 | ¥87.77 | ¥79.78 | ¥79.79 | ¥97.60 | ¥105.84 | ¥121.02 | ¥108.84 | ¥112.16 | ¥110.40 | ¥109.01 | ¥106.78 | ¥109.78 | ¥131.37 | ¥140.51 | ¥151.50 | ¥149.65 | ¥158.16 |
| YoY | % | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -14.4% | -11.0% | +6.9% | +2.0% | -2.3% | -12.0% | -21.8% | +14.4% | -1.4% | -2.7% | +12.9% | -4.6% | 0.0% | +0.4% | -29.4% | -14.2% | -11.4% | +7.7% | +4.9% | -7.1% | -5.8% | -12.2% | -8.1% | -8.0% | +15.7% | +11.3% | +8.2% | -13.0% | -5.4% | +12.8% | +3.1% | -7.5% | -6.7% | +1.8% | +5.6% | +1.3% | -12.3% | -9.5% | -6.2% | -9.1% | 0.0% | +22.3% | +8.4% | +14.3% | -10.1% | +3.1% | -1.6% | -1.3% | -2.0% | +2.8% | +19.7% | +7.0% | +7.8% | -1.2% | +5.7% |
- *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
- *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
- *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
- *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
- *5 Provisional — part-year average, not a full calendar year.
All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →
Read the company history → 日本語版（詳細）— full financial data in Japanese →
Disclaimer
- This page is provided for general information only and is not investment advice, nor a recommendation to buy or sell any security.
- Figures are compiled independently and include our own estimates, approximations and machine-processed data; we make no warranty as to their accuracy or completeness.
- Sources are primarily each company's securities reports and other public filings, but errors and omissions may remain.
- Any use of this information is at the reader's own risk. Past performance does not indicate future results.
- Company names, logos and other marks belong to their respective owners.
Data API
Yamaha’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
| Method | Endpoint | Returns |
|---|---|---|
| GET | /api/companies.json | All companies |
| GET | /api/7951/manifest.json | Resource index |
| GET | /api/7951/history.json | History overview |
| GET | /api/7951/timeline.json | Chronology |
| GET | /api/decisions.json | All management decisions (index) |
| GET | /api/7951/decisions.json | Management decisions (index) |
| GET | /api/7951/decisions/{slug}.json | One decision (full dossier) |
| GET | /api/7951/executives.json | Executives |
| GET | /api/7951/shareholders.json | Major shareholders |
| GET | /api/7951/financials.json | Financial statements |
| GET | /api/7951/financials-longterm.json | Long-term results |
| GET | /api/7951/segments.json | Business segments |
| GET | /api/7951/regions.json | Sales by region |
| GET | /api/7951/workforce.json | Workforce |