Yamaha Corporation Announces Consolidated Earnings Guidance for the Year Ending March 31, 2022

Yamaha Corporation is a diversified group organized around 4 areas of activity: - design and manufacturing of music instruments (64.1% of net sales): pianos, digital music instruments, wind instruments, string instruments, percussion instruments, music software, etc. The group is also providing training services in music and English language; - production of audio and IT equipments (27.9%): loud speakers, online karaoke equipments, routers, conference systems, etc.; - other (8%): sale of electronic equipments, golf products, automotive interior components, etc. Net sales are distributed geographically as follows: Japan (29%), North America (20%), Europe (20%), China (16%) and others (15%).