Yamaha Motor Achieves Record First-half Earnings
Net sales in most product groups up solidly
In emerging markets, motorcycle sales rose and operating income was significantly higher thanks to sales of higher priced products and cost reductions due to the advancement of platform-based products. In developed markets, motorcycles, marine, industrial machinery & robot products and electrically power-assisted bicycles contributed to increased sales and income.
Motorcycle net sales rose 6.6%, supported by brisk business in emerging markets, and operating income soared 86.8% due to a more competitive product mix and lower costs. Marine business net sales rose 5.5% on the strength of outboard motor sales in North America. Power products declined 4.0% but industrial machinery and robots climbed 30.4%, boosted by surface mounter unit sales. Drive units for electrically power-assisted bicycles surged in Europe.
For the year, Yamaha Motor forecasts net sales rising 8.5% to 1,630.0 billion yen, operating income rising 24.3% to 135.0 billion yen, and net income attributable to parent company shareholders rising 42.5% to 90.0 billion yen. All figures have been upwardly revised from initial forecasts. The full-year dividend forecast has been raised to 78 yen, up 18 yen from the previous year.
Documents & Photo: http://bit.ly/2uTFp5t
About Yamaha Motor
Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles, marine products, power products and intelligent machinery. The company’s diverse business and wide variety of products are built around its proprietary technologies focused on engines, chassis & hull and electronic control. Yamaha Motor conducts global development, production and marketing operations through 140 subsidiaries and equity-method affiliates in 30 countries. About 90% of consolidated net sales are generated in more than 200 countries outside of Japan. The company is steadily restructuring its global engineering, manufacturing and marketing capabilities for sustainable long-term growth. Please visit https://global.yamaha-motor.com/ir/report/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170808005653/en/
Website: http://global.yamaha-motor.com
Contact
Yamaha Motor Co., Ltd.
Corporate Communication Division
Global PR Team
Naoto Horie
+81-3-5220-7211
ymcglobalpr@yamaha-motor.co.jp
This news is a press release provided by Yamaha Motor Co., Ltd..
-
2021년 2월 16일 14:30