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Mitsuru Umemura

Though Fiscal 2013 Results are Better Than Expected, Yamaha Replaces President

May 9, 2013 by Ted Leave a Comment

Yamaha pianoLast week, Yamaha Corporation released its financial results for Fiscal Year 2013 (the period ending March 31, 2013) giving the stock market and financial analysts a pleasant surprise as final numbers handily beat both their February 6th revised forecast and last year’s results. Thanks to a strong fourth quarter, Yamaha hit sales for the year of ¥366.9 billion ($3.7 billion) or 2.9% more than last year’s ¥356.6 billion. Yamaha also reported increased operating income, ordinary income, and net income.

And yet, surprisingly, the company also announced it would replace its President and Representative Director at the upcoming directors meeting to be held on June 26, 2013. Why?

See more on Yamaha’s performance and the surprising reason they’ll replace their President… [Read more…] about Though Fiscal 2013 Results are Better Than Expected, Yamaha Replaces President

Filed Under: Asian Connection, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: Mitsuru Umemura, Takuya Nakata, Yamaha

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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