What connects pianos and in-car speakers at Yamaha.
Yamaha makes pianos and guitars for musicians, mixers and speakers for venues, and in-car audio for vehicle makers. It supplies products and expertise both to people making music and to those creating places for others to hear it.
A musician plays a keyboard. A sound engineer adjusts a venue’s mix. A vehicle maker incorporates a sound system into a cabin. Yamaha’s products serve different jobs depending on who uses them.
Players, venue operators and vehicle makers
Examples of Yamaha products, the people using them and the routes between them.
Musical instruments
Keyboards and guitars
Used to play→
Musicians
Make music themselves
Mixers and speakers
Adjust and deliver sound
Installers and rental companies: proposal-based sales→
Venue operators
Use sound systems in the venue
Amplifiers, speakers and sound design
Hardware with acoustic tuning
Directly or through tier-one suppliers and intermediaries→
FY2026 segment revenue, in ¥bn, on a shared scale starting at zero. The three segments sum to group revenue of ¥465.3bn. Source: results presentation, PDF p.6.
Musical instruments¥304.9bn
Audio equipment¥142.4bn
Others¥18.0bn
Reaching venues through installers and rental companies
A live venue needs mixers and speakers as well as instruments. A hotel or restaurant may need speakers mounted in ceilings or walls. Yamaha supplies equipment for these different settings.
In a car, hardware comes with model-specific sound design
Mobility sales reach automakers, tier-one suppliers and intermediaries. Yamaha participates from vehicle planning, proposing sound for each model. Model-specific sound concepts and cabin integration add design work to component supply.
That history connects electronic instruments with components for outside customers and, eventually, the sound of an entire cabin.
Keeping contact with musicians as they practice
For venues and vehicles, Yamaha supplies equipment and sound expertise. Music Connect aims to serve the person who has an instrument and wants to keep learning, practicing and connecting with others.
THE VIEW AFTER THE NUMBERS
What the numbers suggest
Yamaha changes what it provides to suit the people using sound. Instruments serve players; mixers and speakers serve venues; hardware and cabin-specific sound design serve vehicle makers. Behind FY2026’s revenue shares of 65.5% for instruments and 30.6% for audio equipment are different customers and kinds of work.
Music Connect aims to extend that relationship beyond the purchase. Alongside the sound expertise connecting pianos and in-car speakers, Yamaha wants more ways to help musicians keep practicing and learning.
Tsubakimoto uses chain geometry and motion to build equipment that pushes loads upward. ZIP CHAIN meshes two chains into a rigid column, then separates them for storage in a compact case. Its wider Chain and Motion Control businesses nevertheless had very different operating margins in the year ended March 2026: 15.1% and 4.1%. Their April 2026 combination aims to extend product combinations into customer proposals and after-sales service. Its earnings effects still need to be established through future results.
