|[February 13, 2018]
Yamaha Motor Marks Record Annual Profit in 2017
Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that
net income soared nearly 61% to a company-record 101.6 billion yen in
fiscal 2017, which finished on December 31. The huge increase was driven
by sales of higher-end products and cost reductions achieved through
advanced processes for manufacturing and refined development methods for
platform- and global-model motorcycles. Net sales rose over 11% to 1.67
trillion yen on strong sales of motorcycles in the ASEAN region,
outboard motors in the US and surface mounters and industrial robots.
Ordinary income surged nearly 52% to 154.8 billion yen.
Motorcycle unit sales in the ASEAN region scored their highest YoY gain
since 2011. Net sales overall increased and operating income rose
substantially on increased sales of products in higher price ranges and
the effects of cost reductions in emerging markets such as Brazil and
the ASEAN region.
Marine-sector unit sales of outboard motors and water vehicles sales
rose and boat production was boosted by boat-builder acquisitions in
Europe and the US. Operating income increased on an improved mode mix
due to increased sales of large outboard motors in North America and
Yamaha (News - Alert) Motor is forecasting stable income in fiscal 2018. Medium- to
long-term initiatives should see solid progress assuming that business
conditions continue to hold. Net sales are expected to rise 1.8% to
1,700 billion yen and net income should climb about 1.4 percent to 103
billion yen. Operating income and ordinary income are expected to be on
par with their fiscal 2017 levels.
For more on Yamaha Motor's results, visit: https://global.yamaha-motor.com/ir/
documents & photos: https://www.mynewsdesk.com/yamaha-motor/
About Yamaha Motor
Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles,
marine products, power products and robotics. The company's diverse
business and wide variety of products are built around its proprietary
technologies focused on powertrains, 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 https://global.yamaha-motor.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213005694/en/
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