Yamaha Motor Co. Ltd. says an attractive exchange rate, increased motorcycle sales in Asia, and brisk sales of all-terrain vehicles (ATVs) in the United States combined to create a record net profit for the company's first quarter ended March 31.
Yamaha first quarter net income was Y28.1 billion ($245 million), up 22.2 percent compared to net income of Y22.9 billion for the same three-month period last year. Basic net income per Common Share for the quarter was Y98.28, up from Y81.36 for the same period in 2005.
Total first quarter sales were Y398.9 billion, up 21 percent compared to the same period in 2005. Operating income was Y36.97 billion, up 14 percent.
Yamaha said it sold 1.07 million motorcycles worldwide during the recent three-month period, up from 839,000 units during last year's first quarter.
First quarter Motorcycle sales were Y240.5 billion, an increase of 31.4 percent from the previous first quarter; Marine sales were Y69.4 billion, up 9.6 percent; and Power Product sales were Y51.8 billion, up 14.4 percent.
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