Roland <7944> announced its consolidated financial results for Q2 of the fiscal year ending December 2024 (January to June 2024) on the 7th. Revenue increased 1.3% year-on-year to 46.705 billion yen, operating profit increased 4.0% year-on-year to 4.428 billion yen, ordinary profit decreased 5.0% year-on-year to 3.811 billion yen, and net income attributable to the parent company's shareholders increased 15.6% year-on-year to 3.694 billion yen.

The sales of keyboard instruments amounted to 11.8 billion yen (a decrease of 0.4% compared to the same period last year). While the new product launched this term contributed to electronic pianos, it was affected by a decrease in demand in China, high prices, and dealer inventory adjustments. Portable keyboards performed well due to the introduction of new products.

The sales of wind instruments amounted to 13.871 billion yen (an increase of 4.5% over the previous year). While drums were affected by dealer inventory adjustments and a slowdown in the demand for sampling pads, actual sales of drum sets remained firm. Still, electronic wind instruments continued to struggle in the mid-to-low price range due to rival companies launching new products.

Sales of guitar-related equipment amounted to 12.017 billion yen (an increase of 7.0% over the previous year). While guitar effects pedals were affected by dealer inventory adjustments and a slowdown in demand for the Looper Series, demand for the main product, compact effects pedals, remained solid. The sales of musical instrument amplifiers performed well due to the contribution of new products launched this term.

The sales of creation-related equipment and services amounted to 5.884 billion yen (a decrease of 4.4% over the previous year). Although synthesizers contributed to sales this term, there was a decrease in demand for stage piano-type products with 88 keys. In dance & DJ related products, new products launched this term contributed to sales, but existing products saw a decrease in demand. In the software/service field, Roland Cloud continued to offer content and services to enhance users' LTV (lifetime value) and saw a steady increase in membership.

Sales of audiovisual equipment amounted to 1.585 billion yen (a decrease of 26.5% over the previous year). Although demand for related products increased due to a recovery in event-related demand, there was a significant impact from the effect of decreasing shipments of new products shipped or backlogged orders during the same period last year.

The initial plan for the fiscal year ending December 2024 is maintained, with revenue being 99.9 billion yen, down 2.5% from the previous year, operating profit down 4.0% year-on-year to 11.4 billion yen, ordinary profit up 1.3% year-on-year to 11.3 billion yen, and net income attributable to the parent company's shareholders up 4.3% year-on-year to 8.5 billion yen.