Yamaha Corp.: Global Leader In Musical Instruments But Limited Growth Prospects

Karreta Advisors
1.41K Followers

Summary

  • Yamaha Corp. is the largest global manufacturer of musical instruments, known for its range of traditional pianos.
  • Its current growth prospects look relatively limited from both upside to profitability and geographic market expansion.
  • Despite scope for the company to be an active player in market consolidation, we are neutral on the shares.

Yamaha"s 125th Anniversary Dealer Concert
Frazer Harrison/Getty Images Entertainment

Investment thesis

Yamaha Corporation (OTCPK:YAMCY) is a global market leader in musical instruments. Its current growth prospects look relatively limited from both upside to profitability and geographic market expansion. There is scope to be active in market

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