Yamaha Corporation · TSE:7951
Yamaha — Investor Day (September 2025)
30 slides from Yamaha's investor day presentation, Sep 30, 2025
Slide 1: Yamaha Audio Equipment Business
Yamaha Audio Equipment Business Jun Nishimura Executive Officer Executive General Manager of Corporate Management Unit September 30, 2025
Slide 2: FY2025.3 Performance by Business Segment
FY2025.3 Performance by Business Segment Revenue Core Operating Profit Others Others 18.2 0.3 4% 1% Audio Audio Equipment Musical Instruments Equipment 147.8 ¥462.1 14.3 ¥36.7 32% billion 296.1 39% Musical 64% billion Instruments 22.1 60% Revenue by region Revenue by region Other Musical Instruments
Slide 3: Business Portfolio
Business Portfolio Legend Foster Expand domain into existing Musical Instruments Audio Equipment New Businesses Growth adjacent areas/create new businesses Musical Mobility services Music Connect solutions Increase competitiveness and New accelerate growth businesses/re- Business Growth rate solving
Slide 4: Rebuilding a Strong Business Foundation: Audio Equipment Business
Top Confidential Rebuilding 1-2 Audio Equipment a Strong Business Foundation Business Accelerate growth in B2B audio equipment by creating an optimal business structure and quickly improve profitability of the home audio business (¥ billion) Trend and targets for sales and core operating profit rati
Slide 5: Professional solutions business (PS)
Top Confidential Rebuilding 1-2 Audio Equipment a Strong Business Foundation Business Professional solutions business (PS) 3-yr sales growth CAGR Entertainment PA Equipment +7% Enhance the functional integration between mixers and speakers; expand system sales of product packages for growth Trend an
Slide 6: Creator & consumer audio business (CCA)
Top Confidential Rebuilding 1-2 Audio Equipment a Strong Business Foundation Business Creator & consumer audio business (CCA) 3-yr CS&C HA cost sales growth reduction Content sharing & communication CAGR -25% 1500 15 Grow as a brand supported by creators for +9% production, streaming, live performan
Slide 7: Evolving to Create the Future: Audio Equipment Business
Evolving Top Confidential 2-2 Audio Equipment to Create the Future Business Achieve high business growth in the audio equipment segment, including mobility solutions Mobility solutions business (MS)*1 3-yr sales growth CAGR Accelerate growth by offering premium +6% experiences in line with customer
Slide 8: Audio Equipment Business Vision and Strategy
Confidential Audio Equipment Business Vision and Strategy Nobukazu Toba Executive Officer Executive General Manager of Audio Products Business Unit September 30, 2025
Slide 9: History of Yamaha Audio Equipment
History of Yamaha Audio Equipment 1950 1960 1970 1980 1990 2000 2010 2020 1954 1974 1986 2011 2016 HiFi player World's first pure beryllium World’s first digital sound processor, AV receiver Speaker with ZYLON diaphragm speaker NS-1000M the origin of cinema DSP DSP-1 RX-A3010 diaphragms NS-5000 Home
Slide 10: Sales Channels and Our Clients
Sales Channels and Our Clients Consumer Use Professional Use Mobility Use Home Audio Products and Entertainment PA. Commercial Audio, In-vehicle Audio Solutions and Music Production/Streaming Products Network and Communication Equipment Emergency Call Modules Wholesale channels Proposal-based sales
Slide 11: Roots and Vision of the Audio Equipment Business
Roots and Vision of the Audio Equipment Business The audio equipment business, which has Vision of Yamaha Audio Equipment deepened and advanced by applying and refining the techniques and sensibilities accumulated through the creation of musical instruments Through the passion and resonance created
Slide 12: Strategies for Our Vision
Strategies for Our Vision Connect more broadly with customers Connect more deeply with customers Expand our product lineups Deepening relationships with end users We respond to the real-time experience trend by delivering Through AI-technology-based acoustic space control, we immersive audio experie
Slide 13: Our Strategic Frameworks
Our Strategic Frameworks We will drive prompt management with an optimized organization tailored to the audio equipment market 1. Sales: Strengthen market Audio Equipment responsiveness In B2B business, sales structures aligned with local business Market practices and culture are essential. We enhan
Slide 14: Introduction of the Professional Audio Solutions Business
Confidential Introduction of the Professional Audio Solutions Business Thomas Hemery Senior General Manager of Professional Solutions Division Audio Products Business Unit
Slide 15: Business Overview and Focus Areas
Confidential Business Overview and Focus Areas As a total solution provider of ProAV and IT industry, we serve following businesses Within the audio equipment business segment, the professional use revenue accounts for approximately 60% of the business, significantly contributing to Yamaha's overall
Slide 16: Market Landscape for Professional Speakers
Confidential Market Landscape for Professional Speakers With the rise of the experience economy and GDP growth in emerging countries, the demand for audio equipment in Live Events and Hospitality market is expanding Market size and market trends - The market for audio equipment in Entertainment segm
Slide 17: Strategic Framework for Growth
Confidential Strategic Framework for Growth Aiming to differentiate ourselves from competitors in the entertainment area demanding complex acoustic design Target area and main competitors Basic strategy Focus on high-growth markets with high entertainment value, aiming to optimize functionality and
Slide 18: Strategic Details – Technology and Product
Confidential Strategic Details – Technology and Product Enhance market competitiveness by optimizing production and sales systems centered on technology and product strategy Create value with proprietary technology, Enhance product competitiveness by leveraging (1) Technology (2) Product downscaled
Slide 19: Growth Summary and Revenue Targets
Confidential Growth Summary and Revenue Targets Summary - Future Growth Areas for Professional Audio Business: Entertainment PA Speakers, Installation Speakers Business - Market Landscape: Demand for speaker products is expanding due to the rise of experience economy, projected to grow at a CAGR of
Slide 20: Introduction of the Mobility Solutions Business
Confidential Introduction of the Mobility Solutions Business Wataru Ogino Senior General Manager of Mobility Solutions Division Audio Products Business Unit
Slide 21: History of Mobility Use Audio Equipment
Confidential History of Mobility Use Audio Equipment 1971 Established our own semiconductor factory and began in-house production of semiconductors for digital musical instruments 1983 Began external sales of semiconductors 80s and 90s PC audio ICs became a major success 2000s Mobile phone ringtone
Slide 22: Entry into the Automotive Sound System Business
Confidential Entry into the Automotive Sound System Business Since commencing external sales of semiconductors in 1983, we have developed and sold sound DSPs, graphics ICs, and in-vehicle/out-of-car audio systems to a wide range of automakers, earning their trust. Toyota Nissan Mitsubishi Motors Maz
Slide 23: Major Achievements of Automotive Sound System
Confidential Major Achievements of Automotive Sound System Market entry in 2020 Adopted by 6 Japanese and Chinese automakers Offers a wide range of systems from 4ch/6 speakers to 32ch/31 speakers Toyota ZEEKR GAC MOTOR Mitsubishi Motors MG Yamaha Motor 23 Confidential
Slide 24: Differentiation
Confidential Differentiation Differentiate through Total Sound Coordination that enhances a unique vehicle characteristics and a New Experience Creation As vehicles become increasingly intelligent and the need for differentiation beyond basic driving functions grows, Yamaha is leading the creation o
Slide 25: What Yamaha Offers
What Yamaha Offers Deliver new experiential value through sound design tailored to vehicle concepts and advanced technologies of AI Realize the ultimate musical experience through technology and sensibility User experience Music:AI Smart Sound Optimization optimization for Person Real time adaptatio
Slide 26: What Yamaha Aims For
What Yamaha Aims For The authentic sound of an instrument that conveys the performer's intent Yamaha's sound design represents the passion of its creators. It goes beyond merely extracting 100% of the audio source information. We aim to understand the dedication of instrument makers and music creato
Slide 27: Music:AI Optimized AI that creates the ultimate musical experience
Confidential Music:AI® Optimized AI that creates the ultimate musical experience for Reduces development costs by shortening the tuning period Cabin Acoustic tuning is essential for adapting to the specific characteristics of each vehicle's cabin space. Music:AI for Cabin quickly derives the optimal
Slide 28: Cost Optimization and Accelerated Development
Confidential Cost Optimization and Accelerated Development Demand for high-spec, low-cost audio system is expanding, particularly in the Chinese market. Development and production systems that Development cycles continue to shorten, making maximize both cost efficiency and speed proposal and develop
Slide 29: Revenue Targets
Confidential Revenue Targets Focusing primarily on automotive sound systems, we aim to achieve sales of ¥23 billion in March 2028. Billions of Yen Medium Term Plan: Rebuild & Evolve 60 CAGR FY25-28 50 6% 40 30 20 10 0 2025/3 2026/3 2027/3 2028/3 2034/3 Forecast Target Target 29
Slide 30: Confidential
@) YAMAHA Make Waves