Yamaha (7951) · InitiativeRestated
Transfer of the domestic music school operations to the Yamaha Music Foundation
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
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Transfer of the domestic music school operations to the Yamaha Music FoundationA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2017-Q3RestatedAnnual report
「Although sales remained firm, revenue was adversely affected by ¥32.0 billion from foreign exchange movements and by ¥4.2 billion following the transfer of domestic music school operations to the Yamaha Foundation for Musical Education in the second quarter of the previous fiscal year.」
The ¥4.2 billion negative revenue impact from the transfer of domestic music schools to the Yamaha Foundation for Musical Education continued to be reported for the nine months ended December. - FY2016First statedAnnual report
「Yamaha Music Japan Co., Ltd., the Company's domestic musical instrument and audio equipment sales subsidiary, transferred its domestic music school business, which it had operated at authorized dealer venues, to the Yamaha Foundation for Musical Education effective 1 July 2015.」
The Company explained that the transfer reduced revenue by ¥12.4 billion during the fiscal year, while its impact on profit and loss was immaterial.