Analyst and Investor Briefing on the First Quarter of the Fiscal Year Ending March 31, 2008 (FY2008.3)

[ Image ] Presenter:Tsuneo Kuroe Director and Managing Executive Officer Yamaha Corporation

Presenter:Tsuneo Kuroe Director and Managing Executive Officer Yamaha Corporation

Analyst and Investor Briefing on the First Quarter of the Fiscal Year Ending March 31, 2008 (FY2008.3)

Overview of Performance in the First Quarter

Performance in the First Quarter

Results by Business Segment in the First Quarter

Forecast of Business Performance in FY2008.3 (Full Year)

FY2008.3 (Full Year) Forecast by Business Segment

Musical Instruments

AV/IT

Electronic Equipment and Metal Products

Lifestyle-Related Products

Recreation

Others

First Quarter Non-operating Income (Loss) / Extraordinary Income (Loss)

FY2008.3 (Full Year) Non-operating Income (Loss) /Extraordinary Income (Loss)

Inventories

Capital Expenditure/Depreciation/RD Expenses

Balance Sheet Summary (Projection)

Sale of Yamaha Motor Shares

Return to Shareholders

In this report, the divs forecast for the Company's future performance have been calculated on the basis of information currently available to Yamaha and the Yamaha Group. Forecasts are, therefore, subject to risks and uncertainties. Accordingly, actual performance may differ greatly from our predictions depending on changes in operating and economic conditions, demand trends, and the value of key currencies, such as the U.S. dollar and the euro.