Financial Data

For the second quarter (six months) of FY2027.3 (April 1, 2026, to September 30, 2026), revenue increased by ¥21.5 billion (+9.9%) year on year to ¥237.9 billion, supported by solid sales of musical instruments, particularly in North America and other regions, as well as the positive impact of yen depreciation. Core operating profit increased by ¥9.5 billion (+74.2%) year on year to ¥22.3 billion. Despite higher production costs, profit was supported by changes in the model mix, including new products, optimized pricing, and the positive impact of yen depreciation. Profit attributable to owners of parent increased by ¥8.9 billion (+91.4%) year on year to ¥18.7 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. Revenue from digital musical instruments increased, supported by new products, including Electone models, and increased demand for digital pianos and portable keyboards. Revenue from wind, string, and percussion instruments increased, reflecting solid sales of wind instruments and drums. Revenue from guitars increased, reflecting substantial sales growth in other regions.
Revenue of the musical instruments segment overall increased by ¥19.1 billion year on year. Core operating profit increased by ¥7.7 billion.

Revenue from consumer audio equipment decreased due to sluggish home audio sales. Revenue from professional audio equipment increased, supported by higher sales in North America and Japan, as well as the positive impact of exchange rates. Revenue from mobility audio equipment increased, as higher sales in Japan and other regions more than offset lower sales in China.
Revenue of the audio equipment segment overall increased by ¥3.1 billion year on year. Core operating profit increased by ¥1.6 billion year on year.

Revenue from automotive interior wood components decreased, while revenue from factory automation (FA) equipment increased.
Revenue of the others segment overall decreased by ¥0.7 billion year on year. The core operating loss narrowed by ¥0.2 billion.