TOKYO (dpa-AFX) - Yamaha Corp. reported Thursday that its first-half net income attributable to owners of parent increased 11.4 percent to 21.88 billion yen or 120.34 yen per share from 19.64 billion yen or 104.75 yen per share last year.
Operating income climbed 19.1 percent to 28.51 billion yen from 23.93 billion yen a year ago.
Net sales for the period increased 2.3 percent to 214.62 billion yen from 209.80 billion yen a year ago.
Looking ahead, for the full year ending March 31, 2019, the company continues to expect net income attributable to owners of parent of 40 billion yen or 219.97 yen per share, operating income of 55 billion yen, and net sales of 442.00 billion yen.
From the previous year, attributable net income would be down 26.4 percent, while operating income would be up 12.6 percent and net sales would be up 2.1 percent.
Copyright RTT News/dpa-AFX