Financial Data

For the first quarter (three months) of FY2027.3 (April 1, 2026, to June 30, 2026), revenue increased by ¥12.4 billion (+12.0%) year on year to ¥116.3 billion, supported by solid sales of musical instruments, particularly in North America and Europe, as well as the positive impact of yen depreciation. Core operating profit increased by ¥4.6 billion (+97.8%) year on year to ¥9.3 billion. Despite higher production costs, profit was supported by the positive impact of yen depreciation, an improved model mix, and optimized pricing. Profit attributable to owners of parent increased by ¥8.3 billion (+348.8%) year on year to ¥10.7 billion, due in part to the recognition of ¥4.3 billion in U.S. tariff refunds in other income.

Revenue from acoustic pianos increased, reflecting higher sales in Europe, North America, and other regions. Revenue from digital musical instruments increased, supported by increased demand for digital pianos and higher sales of portable keyboards in other regions. Revenue from wind, string, and percussion instruments increased, driven by strong sales of wind instruments in Europe. Revenue from guitars increased, reflecting higher sales of acoustic guitars in North America.
As a result, segment revenue increased by ¥11.1 billion year on year, while core operating profit increased by ¥4.4 billion.

Revenue from consumer audio equipment increased, supported by solid sales in North America. Revenue from professional audio equipment increased, due in part to solid sales in Japan. Revenue from mobility audio equipment increased, reflecting higher sales in Japan and other regions.
As a result, segment revenue increased by ¥2.0 billion year on year, and core operating profit increased by ¥0.5 billion.

Revenue from automotive interior wood components and factory automation (FA) equipment decreased.
Revenue for the segment decreased by ¥0.7 billion year on year, while core operating profit decreased by ¥0.3 billion.