Analyst and Investor Briefing on the First Quarter of the Fiscal Year Ending March 31, 2012 (FY2012.3)

[ Image ] Presenter:Motoki Takahashi Director and Managing Executive Officer Yamaha Corporation

Presenter:Motoki Takahashi Director and Managing Executive Officer Yamaha Corporation

Analyst and Investor Briefing on the First Quarter of the Fiscal Year Ending March 31, 2012 (FY2012.3)

Overview of Performance in the First Quarter

Performance in the First Quarter

Performance by Business Segment in the First Quarter

FY2012.3 1Q Operating Income Analysis

Business Environment in 2-4Q and Full Year Outlook

Forecast for Business Performance in FY2012.3 (Full Year)

FY2012.3 Full Year Forecast for Performance by Business Segment

Impact of Great East Japan Earthquake

FY2012.3 Full Year Operating Income Analysis

Musical Instruments

Musical Instruments: Sales by Region

Musical Instruments: Sales by Region

Musical Instruments: Sales by Product Category

AV/IT

Electronic Devices

Others

Capital Expenditure/Depreciation/R&†D Expenses

Inventories

Balance Sheet Summary

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.