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Yamaha Motor posts net sales growth of 10 percent in Q3

Yamaha Motor Co., Ltd. announced consolidated business results for the first nine months. Net sales for Yamaha Motor Co., Ltd.’s consolidated accounting period for the first nine months of the fiscal year ending December 31, 2017 were 1,250.7 billion yen, (an increase of 117.9 billion yen or 10.4 percent compared with the same period the previous fiscal year), and operating income was 120.8 billion yen (an increase of 31.9 billion yen or 35.9 percent).

In the emerging markets motorcycle business segment, net sales increased thanks to higher unit sales in the Philippines, Vietnam, and Thailand, and operating income increased thanks to the effects of product mix improvements and cost reductions such as promotion of the platform transition. In developed markets, all businesses apart from power products saw increased sales and income.

Ordinary income was 124.1 billion yen (an increase of 46.5 billion yen or 59.8 percent against the same period the previous fiscal year), and net income for the period attributable to parent company shareholders was 89.2 billion yen (an increase of 40.9 billion yen or 84.9 percent ).

For the first nine months consolidated accounting period, the U.S. dollar traded at 112 yen (a depreciation of 3 yen from the same period the previous fiscal year), and the euro at 125 yen (a depreciation of 4 yen).

The 2018 Yamaha Wolverine X4 was introduced in early September, and it began arriving in dealerships in early October. Photo courtesy of Yamaha

Results by business segment — Motorcycles:

Net sales of motorcycle products overall were 782.0 billion yen (an increase of 82.8 billion yen or 11.8 percent compared with the same period the previous fiscal year), and operating income was 54.5 billion yen (an increase of 25.8 billion yen or 90.3 percent).

Unit sales in emerging markets such as the Philippines, Vietnam, and Thailand increased, and despite decreasing in Indonesia due to the market slump there, unit sales and net sales of motorcycle products increased overall.

Operating income increased in emerging markets — principally the ASEAN region — thanks to the effects of product mix improvements and cost reductions such as promotion of the platform transition, and increased in developed markets as well thanks to the effects of yen depreciation, leading to increased income overall.

Marine:

Net sales in the marine business segment were 250.8 billion yen (an increase of 20.3 billion yen or 8.8 percent compared with the same period the previous fiscal year), and operating income was 48.7 billion yen (an increase of 2.7 billion yen or 5.9 percent).

Net sales increased thanks to healthy unit sales in North America, and model mix improvements continued thanks to increased sales of large outboard motors, leading to increased operating income.

Power products:

Net sales for the entire power products segment were 106.5 billion yen (a decrease of 4.8 billion yen or 4.3 percent compared with the same period the previous fiscal year), and operating income was 1.3 billion yen (a decrease of 3.7 billion yen or 74.7 percent).

Sales and income decreased due to the impact of inventory adjustment in recreational off-highway vehicle (ROV) products.

Industrial machinery & robot products:

Net sales for the entire industrial machinery and robots business segment were 49.5 billion yen (an increase of 15.3 billion yen or 44.6 percent compared with the same period in the previous fiscal year), and operating income was 11.5 billion yen (an increase of 5.9 billion yen or 106 percent).

Increases in sales and income were achieved thanks to a significant increase in both surface mounter and industrial robot unit sales. 

 

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