Roland Corporation · TSE:7944
Roland — Q3 2025 Earnings Presentation
22 slides from Roland's earnings presentation, Nov 11, 2025
Slide 1: Financial Results Highlights FY12/2025 Q3
Financial Results Highlights FY12/2025 Q3 November 11, 2025 Roland Corporation 『Aerophone Brisa』 Digital Wind Instruments
Slide 2: Executive Summary
Executive Summary ⚫ Q3 YTD results showed increased Sales and Profit, excluding FX impact ⚫ Beginning in Q3, tariff effects fully materialized. Although costs increased, prompt and decisive actions effectively mitigated the impact ⚫ Full-year earnings forecast remains unchanged ⚫ Additional tariffs
Slide 3: FY12/2025 Q3 Results
1 FY12/2025 Q3 Results 2 FY12/2025 Forecast (Full Year) 3 Supplemental Information
Slide 4: FY12/2025 Forecast (Full Year)
1 FY12/2025 Q3 Results 2 FY12/2025 Forecast (Full Year) 3 Supplemental Information
Slide 5: Highlights
FY12/2025 Q3 Results Highlights Sales • Excluding FX impact, YoY+1.7% 69.5bn • No material impact on demand from tariff policies has been observed to (YoY ：-0.1%) date Operating Profit • Excluding FX impact, YoY+8.0% 6.1bn • Although tariff impact intensified from Q3, measures such as price (YoY ：-4
Slide 6: Consolidated Financial Results (Q3 YTD)
FY12/2025 Q3 Results Consolidated Financial Results (Q3 YTD) ⚫ Profitability strengthened, excluding FX impact, even with tariff headwinds ⚫ See supplementary materials (p.18) for Q3 (July–September) actual results FY12/2024 Q3 YTD1 FY12/2025 Q3 YTD2 (JPY mn) Actual % of Sales Actual % of Sales YoY
Slide 7: Sales by Category (Q3 YTD)
FY12/2025 Q3 Results Sales by Category (Q3 YTD) ⚫ Guitar-related, Perc. & Wind, and Creation-related achieved revenue growth in real terms, supported by new product effects ⚫ Keyboards were affected by timing shifts in negotiations, with recovery expected in Q4 (JPY mn) Keyboards Perc. & Wind Guitar
Slide 8: Sales by Region (Q3 YTD)
FY12/2025 Q3 Results Sales by Region (Q3 YTD) ⚫ In the U.S., price increases have already been implemented, and sell-through has shown an upward trend, supported by new product launches ⚫ In Europe, intensified competition among dealers led to the bankruptcy of some dealers, and the impact is expect
Slide 9: Consolidated Operating Profit (Q3 YTD)
FY12/2025 Q3 Results Consolidated Operating Profit (Q3 YTD) Changes (vs Previous year) Factors (vs Previous year) Sales Volume change (JPY bn) Selling Price / Cost ratio change SG&A change FX impact • Sales Volume Cost increase due to tariffs (Gross impact) ✓ Despite the effect of tariff-related pri
Slide 10: Topics: Major new products and services announced in the 3rd quarter
FY12/2025 Q3 Results Topics： Major new products and services announced in the 3rd quarter Percussion & Wind Instruments V-Drums Digital Wind Instruments 『TD516』『TD316』『VAD516』『VAD316』 『Aerophone Brisa』 ⚫ A lineup of four models for mid-range and home use, ⚫ A new flute-style digital wind instrument
Slide 11: Topics: Major new products and services announced in the 3rd quarter
FY12/2025 Q3 Results Topics： Major new products and services announced in the 3rd quarter Guitar-related products Creation-related equipment & services Guitar Effector Roland Cloud 『PX-1』 ⚫ An innovative compact pedal that lets you experience BOSS’s iconic effects in a single unit 2025Q2 2025Q3 ⚫ Fa
Slide 12: Topics: Major new products and services announced in the 3rd quarter
FY12/2025 Q3 Results Topics： Major new products and services announced in the 3rd quarter Creation-related equipment & services Others Rhythm Creator Collaboration with Apparel Brands 『TR-1000』 NEW BALANCE NUMERIC ⚫ A flagship rhythm machine that inherits the legendary TR-808 and TR-909 「TR-808」Moti
Slide 13: FY12/2025 Forecast (Full Year)
1 FY12/2025 Q3 Results 2 FY12/2025 Forecast (Full Year) 3 Supplemental Information
Slide 14: Full-year earnings forecast
FY12/2025 Forecast (Full Year) Full-year earnings forecast ⚫ Maintain the earnings forecast revised and announced on ⚫ Base Tariff Rate (Oct–Dec 2025) May 13, 2025 ⚫ Continue to provide a range forecast due to the need for Additional Production further review to accurately estimate tariff impact Tar
Slide 15: Reference: Image of Consolidated Operating Profit Increase/Decrease for October–December
FY12/2025 Forecast (Full Year) Reference: Image of Consolidated Operating Profit Increase/Decrease for October–December ⚫ Expecting profit growth excluding the impact of tariffs and foreign exchange Changes (vs Previous year) Factors (vs Previous year) Sales Volume change (JPY bn) Selling Price / Co
Slide 16: Supplemental Information
1 FY12/2025 Q3 Results 2 FY12/2025 Forecast (Full Year) 3 Supplemental Information
Slide 17: Scope of Direct Impact of U.S. Additional Tariff Policies on Roland
Supplemental Information Scope of Direct Impact of U.S. Additional Tariff Policies on Roland Production locations and additional tariffs for products sold in the US （As of 11/6, 2025） US sales of total sales: US Sales Additional ~30%1 Production Main Imported Items ratio1 Tariff Perc. & Wind, Keyboa
Slide 18: Consolidated Financial Results (July-September period, 3 months)
Supplemental Information Consolidated Financial Results（July-September period, 3 months) Operating Profit Changes(vs Previous year) FY12/2024 Q3 3M1 FY12/2025 Q3 3M2 Sales Volume change (JPY bn) Selling Price / Cost ratio change % of % of (JPY mn) Actual Actual YoY Sales Sales SG&A change FX impact
Slide 19: Sales by Category (July-September period, 3 months)
Supplemental Information Sales by Category （July-September period, 3 months) (JPY mn) Keyboards Perc. & Wind Guitar-related Creation-related Video & Pro Audio Others Total -5.7% +6.3% +15.6% +2.4% -12.7% +7.8% +3.7% YoY1 (-6.4%) (+6.4%) (+14.9%) (+2.0%) (-13.1%) (+6.3%) (+3.3%) 6,849 6,460 6,781 6,3
Slide 20: Sales by Region (July-September period, 3 months)
Supplemental Information Sales by Region （July-September period, 3 months) (JPY mn) Japan North America Europe China Others Total +7.4% +7.2% -1.4% +21.9% -4.4% +3.7% YoY1 (+7.4%) (+8.8%) (-6.1%) (+23.1%) （-3.5%） (+3.3%) 9,840 9,177 6,368 6,282 3,983 3,809 1,969 2,115 1,407 1,715 2024Q3 2025Q3 2024Q
Slide 21: Key Consolidated Financials
Supplemental Information Key Consolidated Financials (JPY mn) FY2024 FY2025 (JPY mn) As of Dec. As of Sep. Q3 Q3 31, 2024 30, 2025 Net sales 69,611 69,570 Cash and deposits 14,478 13,304 Gross profit 30,245 30,153 Notes and accounts receivable - trade 12,538 12,510 Selling, general and Inventories 2
Slide 22: Forward-looking statements
This material contains information that constitutes “forward-looking statements” of Roland Corporation. Statements other than those related to past or present facts are all statements that constitute forward-looking statements. Such forward-looking statements are based on our assumptions and decisio