Yamaha Corporation · TSE:7951
Yamaha — Investor Presentation (May 2022)
29 slides from Yamaha's investor presentation, May 12, 2022
Slide 1: Yamaha New Medium-Term Management Plan Apr. 2022 – Mar. 2025
Purpose Well-being of People around the World Yamaha New Medium-Term Management Plan Apr. 2022 – Mar. 2025 12 th May 2022
Slide 2: Review of Previous Medium-Term Management Plan “Make Waves 1.0”
Top Confidential Review of Previous Medium-Term Management Plan “Make Waves 1.0” Although the financial targets were not met due to the impact of the COVID-19 pandemic, we have made steady progress in key strategies and achieved non-financial targets Progress of key strategies Financial and non-fina
Slide 3: A New Society Brought about by Business Environmental Changes
Top Confidential A New Society Brought about by Business Environmental Changes Business environmental forecast Business environmental forecast Business environmental forecast The revolutionary transformation brought Greater diversity in lifestyles and sense of Growing awareness of sustainability abo
Slide 4: Make Waves 2.0
Top Confidential オンラインレッスン Make Waves 2.0 Enhance Sustainable Growth Capability in the New Society Aiming for a world where everyone enjoy sound and music whenever, wherever Confidential 4 4
Slide 5: Medium-Term Management Plan Basic Policy
Top Confidential Medium-Term Management Plan Basic Policy Purpose Well-Being of People around the World Mission Corporate Philosophy Enhance sustainable growth Sharing Passion & Performance capability in the post-COVID new society Managem ent Vis ion Vision Becoming an Indispensable, Brilliantly Ind
Slide 6: Materiality and Medium-Term Management Plan Policies
Top Confidential Materiality and Medium-Term Management Plan Policies *1 • Connect with customers Materiality Customers • Provide new value by incorporating • Increase job satisfaction products and services Human • Respect for human rights and DE&I *2 resources • Foster open organizational culture w
Slide 7: Medium-Term Management Plan Policies and Key Themes
Top Confidential Medium-Term Management Plan Policies and Key Themes Key policies to enhance sustainable growth capability in the new society and key themes for realization ３．Enable Yamaha colleagues １．Further strengthen the ２．Set sustainability as a to be more valued, more Key policies business fou
Slide 8: Key Theme 1-(1): Develop Closer Ties with Customers
Top Confidential Key Theme 1-(1): Develop Closer Ties with Customers Sales channels Value communication Sales evolution for direct ties with Customers Hybrid value appeal integrating digital marketing and physical stores Dealer sales (store + EC) Manufacturer direct sales Direct (digital) marketing
Slide 9: Key Theme 1-(2): Create New Value
Top Confidential Key Theme 1-(2): Create New Value Products Services Create new products unique to Yamaha through the fusion of Accelerate LTV*1 strategy and develop services to make music life acoustic and digital technologies more enjoyable through external collaboration and UGC*2 New concept Desi
Slide 10: Key Theme 1-(3): Be More Flexible and Resilient
Top Confidential Key Theme 1-(3): Be More Flexible and Resilient Manufacturing and technology development Digital Transformation (DX) Strengthen supply capacity to respond to demand and New value creation and process transformation through DX environmental changes - Improve resilience in procurement
Slide 11: Key Theme 2-(1) Environment: Build a Value Chain that Supports the Future of the Earth and Society
Key Theme 2-(1) Environment: Top Confidential Build a Value Chain that Supports the Future of the Earth and Society Conservation of the global environment Responding to climate change Sustainable use of timber - Toward the carbon neutrality in 2050, reduce CO2 Response to climate - Fostering and con
Slide 12: Key Theme 2-(2) Society: Enhance Brand and Competitiveness by Contributing to Comfortable Lives
Key Theme 2-(2) Society: Top Confidential Enhance Brand and Competitiveness by Contributing to Comfortable Lives Solving social issues Creation of remote environments for the new society Contributing to sound-related health and safety Remote lessons connecting Comfortable teleconferencing instructor
Slide 13: Key Theme 2-(3) Culture: Expand Market through Music Culture
Key Theme 2-(3) Culture: Top Confidential Expand Market through the Promotion and Development of Music Culture Promotion and development of music culture Expansion of the community playing musical instruments Contribution to local music culture School projects in various countries Applications which
Slide 14: Key Theme 3: Enable Yamaha Colleagues to Be More Valued, Engaged and Committed
Top Confidential Key Theme 3: Enable Yamaha Colleagues to Be More Valued, More Engaged and More Committed (3) Foster open organizational culture (2) Promote respect for human rights where people can proactively take (1) Increase job satisfaction and DE&I on challenges Develop employee value proposit
Slide 15: Management Targets (Non-Financial Targets)
Top Confidential Management Targets (Non-Financial Targets) Non-financial targets to enhance sustainable growth capability in the new society Indicators to connect more with customers New value creation indicators Resilience indicators Yamaha Music ID registrations Number of new concept products Fur
Slide 16: Management Indicators (Financial Indicators)
Top Confidential Management Indicators (Financial Indicators) Investment and Operating cash flows shareholder returns [Financial Indicators] ¥170 billion ¥170 billion (For 3 years) (For 3 years) Achieving both growth and profitability Regular Revenue growth: 20 % Depreciation ¥40 billion investment
Slide 17: Growth Trajectory (by business and region)
Top Confidential Growth Trajectory (by business and region) Industrial machinery and components and others [Revenue] Audio Emerging equipment +6.9 countries (¥ billion) Musical instruments +31.1 (+20%/+6%) Mature China +17.0 countries +18.4 (+27%/+8%) (+32%/+10%) FY2025/3 (+29%/+9%) +53.8 Revenue +4
Slide 18: Governance
Top Confidential Governance Corporate governance Group governance Guide medium- to long-term management direction and Achieve sound and solid management by improving strengthen supervisory function by improving the global risk responsiveness effectiveness of the Board of Directors - Board of Directo
Slide 19: Business Portfolio and Direction
Top Confidential Business Portfolio and Direction High CAGR Foster Guitars 10% Growth Growth rate Develop future pillars while CAGR Drive market growth to Industrial Machinery and Components Digital musical expand business scale improving profitability by CAGR instruments 7% through demand creation
Slide 20: Strategy by Business
Purpose Well-Being of People around the World Strategy by Business Yamaha New Medium-Term Management Plan 20
Slide 21: Musical Instruments Business: Broader
Top Confidential Musical Instruments Business Broader Develop new growth areas Growth markets New concept products Continue to expand sales share in the growing China market Launching new concept products with which people can enjoy music anytime, anywhere - Establish a growth product category to co
Slide 22: Musical Instruments Business: Closer and Everlasting
Top Confidential Musical Instruments Business Closer and Everlasting Provide services that support closer and everlasting ties with customers Services for connecting closer Support for everlasting ties Enhance support for musical activities through Provide services to help customers applications and
Slide 23: Musical Instruments Business: Points by Business Unit
Top Confidential Musical Instruments Business Points by Business Unit Enhance brand power and achieve a sustainable, highly profitable structure Pianos Digital musical instruments Expand market share of premium pianos and grow sales Developing demand in emerging countries and recovering in the Chine
Slide 24: Audio Equipment Business Strategy
Top Confidential Audio Equipment Business Strategy Rebuild the business in response to market changes and expand into new / growing markets Expand business domains Previous AV products PA equipment ICT equipment [Products] Category 音響事業 New growth markets Personal and New growth markets, inc. enterp
Slide 25: Audio Equipment Business: For Business Use
Top Confidential Audio Equipment Business For Business Use Expand customer base by offering simplified solutions from expertise and technology for live concert and entertainment Live concert and entertainment Enterprise and education Meet new event demands in the COVID-19 era Provide a simple soluti
Slide 26: Audio Equipment Business: For Consumer Use
Top Confidential Audio Equipment Business For Consumer Use Expand customer base with straightforward, high quality audio solutions and the concept of “TRUE SOUND” Personal and home audio Content creation and streaming Headphones and earphones: Grow through our reputation for Deliver high quality sou
Slide 27: Industrial Machinery and Components Business
Top Confidential Industrial Machinery and Components Business Grow as a “sound solution vendor” in the new automobile era Electronic devices: Automotive sound systems FA equipment Accelerate growth by providing comprehensive solutions for Expand business by contributing to the realization of a safe
Slide 28: Make Waves
@) YAMAHA Make Waves
Slide 29: Forward-looking statements notice
In this report, the figures 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 pro