Yamaha’s Q1 results exceed forecast, despite profit loss
Yamaha Motor Co., Ltd. outperformed its forecasted financial results in its fiscal fourth quarter, despite a decrease in net sales, operating income, ordinary income and net income.
Net sales saw a slight decrease of 0.8 percent to ¥315.9 billion as motorcycle sales dropped in Asia and Central and South America, and the appreciation of the yen offset improvements in power products, marine products, other products and U.S. motorcycle sales.
Operating income slid 39.7 percent to ¥12.4 billion; ordinary income dipped 35.4 percent to ¥17.0 billion, and net income decreased 14.3 percent to ¥11.5 billion. However, each improved upon projected levels, as operating income exceeded projections by 8.1 percent; ordinary income performed 41.7 percent better, and net income was 188.2 percent improved.
Despite net sales increases in the United States, Thailand, Vietnam and India, overall net sales of Yamaha motorcycles fell 4.5 percent to ¥209.9 billion. Unit sales dropped 5.4 percent to 1.6 million units. Sales in Europe were stagnant, while those in Indonesia and Brazil decreased. Marine net sales grew 7.8 percent to ¥54.6 billion, as the sales of outboard motors and PWC increased in the U.S., and outboard motors saw growth in demand in Russia, Central and South America, Asia and other regions. The power products segment reported a net sales increase of 1.7 percent to ¥22.1 billion, as ATV sales remained level, but sales of generators in Japan increased as customers prepared for future natural disasters.