Yamaha struggles in first nine months
Yamaha Motor Co., Ltd., reported losses in income and net sales in the first nine months of the 2012 fiscal year, despite a boost of motorcycle and PWC sales in the U.S.
For the first nine months of 2012, net sales dropped 7.7 percent to ¥909.5 billion. Operating income dropped 62.4 percent to ¥22.8 billion; ordinary income was down 58.7 percent to ¥28 billion, and net income fell 64.2 percent to ¥14.3.
Motorcycle sales in the U.S., Thailand and India were up, however they were down in Europe, Indonesia, Brazil and Vietnam. This led to a 15.2 percent decrease in bike sales to 4.52 million units for the first nine months of the year, with net sales dropping 13.6 percent to ¥597.8 billion.
In the marine segment, increases were seen in outboard motors and PWC in the U.S.; in outboard motors in Russia, Asia, Central and South America; and in fishing boats, utility boats and outboard motors in Japan. This led to a 9.7 percent increase in overall net sales to ¥154 billion.
A drop in ATV sales in the U.S. was overcome by an increase of golf cart sales in the U.S. and generators in Japan for the power products segment. Net sales increased 2.3 percent to ¥72.8 billion.