Yamaha (JP:7951) has released an update.
Yamaha Corporation’s second-quarter results show a mixed performance with a 3.9% increase in revenue driven by strong audio equipment sales and yen depreciation, counteracted by a 64.8% drop in profit due to impairment losses in China and Indonesia. The company revised its full-year earnings forecast downward, anticipating continued challenges in the Chinese market. Despite these hurdles, Yamaha’s audio equipment segment continues to perform well, indicating resilience in specific product areas.
For further insights into JP:7951 stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
