Yamaha First-Half Sales, Income Up 20%
August 1, 2006
Filed under Uncategorized
Increased sales in all business segments along with beneficial exchange rates helped boost Yamaha Motor Co. sales and income during the first six months of the year.
For the six months ended June 30, Yamaha net income was 44.3 billion yen ($388.59 million), up 20.2 percent from 36.8 billion yen for the same six-month period in 2005. The company had sales of 812.9 billion yen, up 20.1 percent from 676.9 billion yen in the comparable year-ago period.
The company’s worldwide motorcycle sales in the first six months rose 27.1 percent to 484.6 billion yen and 2.17 million units. Worldwide marine product sales totaled 148.0 billion yen, up 11.1 percent from the previous first half-year; and worldwide power product sales were 104.3 billion yen, up 12.8 percent from the previous first half-year.
In North America, Yamaha’s consolidated sales totaled 231.9 billion yen, up 18.7 percent from the same period in 2005. The company said cycle and ATV sales were down but PWC and side-by-side vehicle sales increased.