Yamaha Motor Corp. increased North American revenue 6.9 percent to 362.1 billion yen ($3.2 billion) during the first nine months of 2007, up from 338.6 billion yen ($3 billion) during the same period in 2006, the company reported in a document released Oct. 30.
According to the report, the North American market generated 27.1 percent of the company’s overseas sales.
In the United States and Canada, Yamaha sold 148,000 motorcycles through the third quarter of 2007. While that volume is slightly lower than in 2006, the motorcycles were valued at 108.2 billion yen ($943.6 million), which is a slight increase from the 107 billion yen ($933.1 million) that was reported in the same period one year ago.
Marine product sales in the United States decreased from the previous third quarter, reflecting a drop in outboard motor sales that the company says is mainly due to shrinking consumer demand resulting from high oil prices amid the ongoing economic slowdown.
U.S. marine product sales still top last year’s first nine months of sales, however, at 115.2 billion yen ($1 billion) from 106.5 billion yen ($928.4 million).
An increased demand for side-by-side vehicles in the United States, along with the positive impact of the weaker yen vs. the U.S. dollar, helped drive increased overall power product sales numbers for the company in the North American market.
The news for the company’s powersports segment wasn’t all positive, however. ATV sales decreased for the region. Yamaha sold 136.8 billion yen ($1.2 billion) in power products in North America through the first nine months of 2007, up from 122.3 billion yen ($1.1 billion) during the same period a year ago.
Net profit for the entire company reached 67.5 billion yen ($588.5 million) for the nine months ending Sept. 30, which is up 13.2 percent compared to 59.6 billion yen ($519.6 million) in net profit during the same nine months in 2006.
Net revenue for the recently ended nine-month period totaled 1.335 trillion yen ($11.6 billion), an increase of 13.6 percent from net revenue of 1.175 trillion yen ($10.2 billion) that was reported by the company during the same period last year.
The company’s operating income increased 8.6 percent year-on-year to 97.85 billion yen ($853.2 million), while its operating profit was up 13.5 percent to 107.4 billion yen ($936.5 million).
The company’s full-year economic forecast remains unchanged. Yamaha says it expects a net profit of 79.5 billion yen ($693 million) along with an operating profit of 136 billion yen ($1.2 billion) on revenue totals of 1.7 trillion yen ($14.8 billion) for the year ending Dec. 31, 2007. psb
Copyright 2007 Powersports Business