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YAMAHA CORP Lowers Consolidated Full-year Outlook for FY 2013


Wednesday, 31 Oct 2012 02:30am EDT 

YAMAHA CORP announced that it has lowered the consolidated full-year outlook for revenue from JPY 375,000 million to JPY 367,500 million, operating profit from JPY 14,500 million to JPY 11,000 million, ordinary profit from JPY 13,000 million to JPY 9,000 million, net profit from JPY 7,500 million to JPY 3,500 million and earning per share from JPY 38.73 to JPY 18.08 for the fiscal year ending March 31, 2013. The negative outlook is mainly due to less-than-expected sales of its music instruments business. 

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