Yamaha Motor Improves Profitability of Motorcycle Business in Emerging Markets
Product mix and cost reductions help raise income
IWATA, JAPAN--(Business Wire / Korea Newswire) August 05, 2016 -- Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of the fiscal year ending December 31, 2016, motorcycle business income in emerging markets rose thanks to improvements in product mix and cost reductions. Strong earnings were achieved despite a fall in net sales value due to unit sales declines in countries including Indonesia and Brazil.
Total consolidated net sales of 778.3 billion yen were down 6.1 percent from the previous year and operating income of 65.4 billion yen was down 10.9 percent. Sales and income in developed markets decreased, largely the result of the appreciated yen.
By segment, unit sales of electrically power assisted bicycles rose in Japan. A significant increase in exports to Europe of E-kits, the drive units for these bicycles, helped the “other products” segment achieve net sales of 37.1 billion yen, up 3.5 percent, and operating income of 2.3 billion yen, up 51.6 percent.
Yamaha Motor is now forecasting full-year net sales of 1,500 billion yen, down 11.8 percent from the initial forecast, and operation income of 105 billion yen, down 12.5 percent, primarily due to weaker sales in developed markets due to the strong yen. Motorcycles are expected to remain favorable in markets such as Vietnam, the Philippines and Taiwan.
For more details on Yamaha Motor’s FY2016 2Q results and other financial information please visit http://bit.ly/29FAHwL
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 small 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 http://global.yamaha-motor.com.
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Yamaha Motor Co., Ltd.
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