YAMAHA MOTOR: Consolidated Business Results Summary — Fiscal Year 2020 Ending December 31
For net sales, although sales increases in the Robotics and Financial Services Businesses were achieved, the Motorcycles and Marine Products Businesses within the Land Mobility Business saw decreases in sales volumes due to the effects from the COVID-19 pandemic, which resulted in a decline in sales overall. Operating income declined overall due to factors such as the impact of foreign exchange rates and decreases in operation rates due to the temporary closures of factory operations in each country.
Forecast of Consolidated Business Results for the next fiscal year ending December 31, 2021
Net Sales
1,700.0 billion yen
Operating Income
110.0 billion yen
Ordinary Income
110.0 billion yen
Net Income Attributable to Owners of Parent
72.0 billion yen
About Yamaha Motor Co., Ltd.
Yamaha Motor (TOKYO: 7272) is a world-leading enterprise manufacturing land-mobility such as motorcycles, all-terrain vehicles, and electrically power assisted bicycles, marine products such as boats and outboard motors, robotics products such as surface mounters and drones, as well as engagement in the finance business. The company’s diverse businesses and wide variety of products are built around its proprietary technologies focused on powertrain, chassis and hull, electronic control, and manufacturing technologies. Yamaha Motor operates global development, production and sales networks through 140 subsidiaries and equity-method affiliates in 30 countries and regions, working to realize our Corporate Mission of being a “Kando* Creating Company.” About 90% of consolidated net sales are generated in more than 180 countries and regions outside of Japan. Please visit http://global.yamaha-motor.com.
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Website: http://global.yamaha-motor.com
Contact
Yamaha Motor Co., Ltd.
Global PR Team
Corporate Communication Division
Naoto Horie
+81(0)3-5220-7211
ymcglobalpr@yamaha-motor.co.jp
This news is a press release provided by Yamaha Motor Co., Ltd..