Yamaha Motor Co., Ltd has announced that for the fiscal year ending December 31, 2018 consolidated net sales of 1,673.1 billion yen were up +0.2% from the previous year. The company saw a decrease in operating income of 9bn yen (-6.0%), while ordinary income dropped -10.9% to 138.0bn yen, and net income for the period was down -8.1% to 93.4bn yen.
Net sales increased on the back of strong results in the emerging markets motorcycle business, the marine business and the industrial machinery and robot business.
Net sales dipped -2.2% overall due to a decrease in developed markets. Marine business net sales rose 6.4% thanks to an improved product mix and strong large outboard motor sales in North America. Power products increased 1.4%, while industrial machinery and robots rose 3.4% on the back of healthy sales of surface mounters for automotive applications.
Operating income saw increased profitability improvements thanks to sales increases in the marine business and industrial machinery & robot segment, as well as from development and manufacturing methods of platform models and global models in the motorcycle business segment.
For 2019, Yamaha Motor forecasts net sales rising +1.6% to 1,700.0bn yen, while operating income is expected to decrease -5.5% to 133.0bn yen. There will also be a -9.0% decrease in net income to 85.0bn yen on the back of an uncertain business environment due to factors such as the European economic slowdown and the US/China trade issue.
