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For Immediate Release Company Name : YAMAHA CORPORATION President and Representative Executive Officer : Takuya Nakata Code Number : 7951 ( First Section of Tokyo Stock Exchange ) Yamaha Reports Financial Results for FY2021.3 and Outlook for Performance in FY2022.3 [ IFRS ] Financial Results in FY2021.3 Year - on - Year Decline in Revenue and Profit YEAR ➤ Revenue and Profit / Loss by Reportable Segment Figures in parentheses are percentage changes from the previous fiscal year , unless indicated otherwise . Musical Instruments 計 基準 FASF May 10 , 2021 In the fiscal year ended March 31 , 2021 , revenue declined by ¥ 41.6 billion ( -10.0 % ) year on year to ¥ 372.6 billion , mainly due to the impact of the COVID - 19 pandemic , including a ¥ 2.3 billion decline in revenue owing to the impact in the foreign exchange . Core operating profit declined by ¥ 5.6 billion ( –12.2 % ) year on year to ¥ 40.7 billion , including a ¥ 0.6 billion decline in profit due to the impact in the foreign exchange . Profit attributable to owners of the parent decreased by ¥ 8.0 billion ( -23.1 % ) year on year to ¥ 26.6 billion due to a decrease in core operating profit and reporting of ¥ 2.3 billion of loss from the suspension of operations owing to the COVID - 19 pandemic and an impairment loss of ¥ 3.6 billion . Revenue ¥ 239.0 billion ( –11.3 % ) , core operating profit ¥ 32.4 billion ( –14.1 % ) Revenue of acoustic pianos and digital musical instruments declined , partly due to product supply shortages , although sales in China returned to the growth track and market conditions in other countries showed signs of recovery , which was not enough to offset the decline in revenue in the first half of the fiscal year . Revenue of wind instruments declined amid a sluggish market recovery . Revenue of guitars increased due to sales growth in Japan and China . Revenue of the musical instruments business overall declined by ¥ 30.4 billion year on year to ¥ 239.0 billion , including a ¥ 1.7 billion negative impact in the foreign exchange . Core operating profit declined by ¥ 5.3 billion to ¥ 32.4 billion , including a ¥ 0.8 billion negative impact in the foreign exchange . Audio Equipment Revenue ¥ 103.8 billion ( –9.2 % ) , core operating profit ¥ 7.1 billion ( –17.5 % ) Regarding audio products , although sales of sound bars and other equipment increased due to demand for stay home , this was not enough to offset the decline in sales in the first half of the fiscal year . As a result , revenue of audio products declined overall . Revenue of professional audio equipment declined due to stagnant markets for live events and audio equipment installation . ICT equipment revenue rose due to an increase in sales of conference systems and other products driven by strong demand .