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Yamaha Corporation logo

Yamaha Corporation

7951.T

JPXConsumer CyclicalLeisure

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Latest quote

¥1,314

+¥5.00 · +0.38%

Aug 24, 2:44 PM JST

7951.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Yamaha Corporation is a global conglomerate operating through its subsidiaries in a diverse range of businesses, primarily focusing on musical instruments and audio equipment. The company's extensive offerings include manufacturing and selling traditional instruments like pianos, guitars, wind, string, and percussion instruments, alongside digital musical devices and other music-related merchandise. It also produces and distributes audio and visual media software, and manages educational facilities such as music schools. Beyond instruments, Yamaha supplies professional audio gear, specialized hardware and software for music production, sophisticated audiovisual systems, commercial online karaoke services, network infrastructure devices, and unified communication solutions. Furthermore, its diversified portfolio extends to electronic components, industrial automation machinery, wood components for car interiors, golf products, and the operation of leisure resorts. Established in 1887, the corporation is headquartered in Hamamatsu, Japan.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
JP
CEO
Takuya Nakata
Listed since
Jan 4, 2000
Employees
17,886

Market position

Day range

Current ¥1,314

52-week range

Current ¥1,314

Open
¥1,310
Previous close
¥1,309
Volume
606.3K
0.26× average
Average volume
2.34M
Average daily volume
Market cap
578.02B JPY
Beta
0.19
Market reference 1
50-day average
¥1,217.26
+7.95% above average
200-day average
¥1,148.13
+14.45% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
403.74B JPY
P/E (TTM)
18.32×
P/B (TTM)
1.17×
P/S (TTM)
1.21×
EV / EBITDA
7.14×
Earnings yield
4.78%
Free cash flow yield
6.38%
Dividend yield
1.98%

Profitability & efficiency

Gross margin
38.33%
Operating margin
7.63%
Net margin
6.70%
Return on equity
4.95%
Return on assets
3.84%
Return on invested capital
4.09%

Financial health

Debt / equity
0.05×
Current ratio
3.72×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%27%13%-1%Gross margin, FY2022: 36.70%Gross margin, FY2023: 36.77%Gross margin, FY2024: 35.71%Gross margin, FY2025: 36.67%Gross margin, FY2026: 37.60%Operating margin, FY2022: 10.54%Operating margin, FY2023: 10.16%Operating margin, FY2024: 7.27%Operating margin, FY2025: 7.95%Operating margin, FY2026: 6.85%Net margin, FY2022: 9.13%Net margin, FY2023: 8.46%Net margin, FY2024: 6.40%Net margin, FY2025: 2.89%Net margin, FY2026: 5.09%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 36.70%. Gross margin FY2023 36.77%. Gross margin FY2024 35.71%. Gross margin FY2025 36.67%. Gross margin FY2026 37.60%. Operating margin FY2022 10.54%. Operating margin FY2023 10.16%. Operating margin FY2024 7.27%. Operating margin FY2025 7.95%. Operating margin FY2026 6.85%. Net margin FY2022 9.13%. Net margin FY2023 8.46%. Net margin FY2024 6.40%. Net margin FY2025 2.89%. Net margin FY2026 5.09%.

Income trends

Revenue

465.3B JPY+0.70%

Operating income

31.88B JPY-13.18%

Net income

23.7B JPY+77.51%
Income trends across reported periods510.49B JPY329.72B JPY148.94B JPY−31.84B JPYRevenue, FY2022: 408.2B JPYRevenue, FY2023: 451.41B JPYRevenue, FY2024: 462.87B JPYRevenue, FY2025: 462.08B JPYRevenue, FY2026: 465.3B JPYOperating income, FY2022: 43.03B JPYOperating income, FY2023: 45.87B JPYOperating income, FY2024: 33.65B JPYOperating income, FY2025: 36.72B JPYOperating income, FY2026: 31.88B JPYNet income, FY2022: 37.27B JPYNet income, FY2023: 38.18B JPYNet income, FY2024: 29.64B JPYNet income, FY2025: 13.35B JPYNet income, FY2026: 23.7B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 408.2B JPY. Revenue FY2023 451.41B JPY. Revenue FY2024 462.87B JPY. Revenue FY2025 462.08B JPY. Revenue FY2026 465.3B JPY. Operating income FY2022 43.03B JPY. Operating income FY2023 45.87B JPY. Operating income FY2024 33.65B JPY. Operating income FY2025 36.72B JPY. Operating income FY2026 31.88B JPY. Net income FY2022 37.27B JPY. Net income FY2023 38.18B JPY. Net income FY2024 29.64B JPY. Net income FY2025 13.35B JPY. Net income FY2026 23.7B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue465.3B JPY462.08B JPY462.87B JPY451.41B JPY408.2B JPY
Cost of goods sold290.36B JPY292.66B JPY297.58B JPY285.41B JPY258.39B JPY
Gross profit174.97B JPY169.42B JPY165.29B JPY166B JPY149.8B JPY
Research and development27.7B JPY26.98B JPY26.9B JPY25.06B JPY24.03B JPY
Selling, general, and administrative143.09B JPY139.42B JPY137.43B JPY120.13B JPY106.77B JPY
Operating expenses143.09B JPY132.7B JPY131.64B JPY120.13B JPY106.77B JPY
Interest income6.73B JPY1.94B JPY1.53B JPY1.1B JPY826M JPY
Interest expense717M JPY581M JPY561M JPY440M JPY386M JPY
Depreciation and amortization20.53B JPY21.5B JPY21.02B JPY19.27B JPY17.31B JPY
Operating income31.88B JPY36.72B JPY33.65B JPY45.87B JPY43.03B JPY
Net income23.7B JPY13.35B JPY29.64B JPY38.18B JPY37.27B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
3 beats, 3 misses, 0 met estimates
Average EPS surprise
+10.32%
6 comparable reports
Latest EPS result
24.3

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates35.9520.064.16-11.73Q4 '24MissQ1 '25MissQ2 '25MissQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 1, 2024: actual -8.44, estimate 23.65, surprise -135.69%, Miss. Q1 2025, reported Feb 5, 2025: actual 18.46, estimate 32.66, surprise -43.48%, Miss. Q2 2025, reported May 8, 2025: actual -1.55, estimate 23.26, surprise -106.66%, Miss. Q3 2025, reported Aug 1, 2025: actual 5.26, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 16.26, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 4, 2026: actual 23.11, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 8.07, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 4, 2026: actual 24.3, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates129.64B119.25B108.87B98.48BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 122.56B JPY, estimate 120.43B JPY, surprise +1.76%, Beat. Q2 2025, reported May 8, 2025: actual 111.39B JPY, estimate 113.61B JPY, surprise -1.95%, Miss. Q3 2025, reported Aug 1, 2025: actual 103.9B JPY, estimate 103.47B JPY, surprise +0.42%, Beat. Q4 2025, reported Nov 4, 2025: actual 112.46B JPY, estimate 107.8B JPY, surprise +4.33%, Beat. Q1 2026, reported Feb 4, 2026: actual 124.65B JPY, estimate 123B JPY, surprise +1.34%, Beat. Q2 2026, reported May 11, 2026: actual 124.32B JPY, estimate 117.54B JPY, surprise +5.76%, Beat. Q3 2026, reported Aug 4, 2026: actual 116.34B JPY, estimate 112.43B JPY, surprise +3.47%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 120.87B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥26.00

2025 complete year+18.2% since 2021

2026 partial: ¥13.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥13.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥13.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥13.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Sep 29, 2025

¥13.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 4, 2025

Dividend

Ex-dividend Mar 28, 2025

¥13.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Sep 27, 2024

¥12.3333

Semi-Annual

Record Sep 30, 2024 · Payment Dec 5, 2024

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ETFs holding 7951.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core Nikkei 225 ETF logoiShares Core Nikkei 225 ETF1329.T
Market value
4.21B
Weight
0.20%
AUM
2.12T JPY
Expense ratio
0.05%
Price / 1D
¥6,790-0.76%
iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
1.04B
Weight
0.04%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.4+0.10%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
304.47M
Weight
0.05%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,767+0.16%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
44.94M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
28.56M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
22.74M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
11.08M
Weight
0.08%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Cambria Foreign Shareholder Yield ETF logoCambria Foreign Shareholder Yield ETFFYLD
Market value
7.43M
Weight
1.04%
AUM
715.92M USD
Expense ratio
0.59%
Price / 1D
$40.725+0.93%

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