Yamaha Motor’s 1st Half Operating Income Soars 62%
TOKYO, August 5, 2014 /PRNewswire/ —
-Expects to Reach 80b Yen Annual Target One Year Ahead of Schedule –
Yamaha Motor Co., Ltd. (Tokyo: 7272) announced on August 5 its consolidated operating income in the January-June first half surged 62.4% to 49.1 billion yen, or about 480 million (USD), from the previous year. The company is now forecasting operating income of at least 80 billion yen for the current full year, one year earlier than originally targeted under its 2013-2015 business plan.
(Video of the CEO’s presentation: https://www.youtube.com/watch?v=tvJpiQRU1Tg)
(Photos & materials: http://image.net/ymc_2ndquarter_2014)
Net sales rose 7.6% to 756 billion yen, with increases recorded in all business segments of the company. Ordinary income surged 60.6% to 49.1 billion yen and net income rose a brisk 57.6% to 32.2 billion yen.
The large jump in operating income reflects strong sales of motorcycles and marine products in developed markets. Large-model marine products have sold especially well and motorcycle sales have recovered even better than expected.
Yamaha Motor is launching products aggressively in each of business segments – motorcycles, marine products, power products, industrial machinery and robotics. Organizational reforms are progressing, including the streamlining of domestic production and European business structure, as well as cost reductions.The full-year forecast for net sales remains unchanged at 1,500 billion yen. Increased sales of marine products and motorcycles in developed markets are expected to compensate for decreased sales of motorcycles in Thailand and Vietnam.
During the second quarter, the Japanese yen traded at 102 yen to the U.S. dollar, a year-on-year depreciation of 6 yen, and 140 yen to the euro, a depreciation of 14 yen.
(Archived materials: http://global.yamaha-motor.com/ir/report/)