Yamaha has announced its financial results for the second quarter and first half of its current financial year (ending December 31st 2015).
Global net sales of motorcycle products were 518.2 billion yen (an increase of 36.8 billion yen/7.6% compared with the same period in the previous fiscal year), and operating income was 18.6 billion yen (an increase of 7.4 billion yen/65.8%).
Unit sales increased in developed markets thanks to the effect of new product launches such as the 'YZF-R1' and the 'MT-09 TRACER', with sales in North America and Europe increasing 28% and 14% respectively over the same period in the previous fiscal year. The motorcycle business segment moved into profitability thanks to structural reforms and the effects of the new product launches.
Unit sales in emerging markets such as Vietnam and the Philippines increased (where the 'Exciter' and 'Nozza Grande' are selling strongly), but decreased due to the markets softening in Indonesia and Brazil.
Net sales revenue increased thanks to sales of products in the higher price range in emerging markets and the effect of new products. Operating income also increased with factors generating increased income, such as the effect of sales increases, cost reductions and yen depreciation absorbing negative factors such as increases in development costs and currency depreciation in emerging markets.
Yamaha's total consolidated financial performance across all sectors of the business for the first half year saw net sales of 821.1 billion yen, an increase of 65.1 billion yen (+8.6%) compared with the same period the previous fiscal year. With regard to income, the profit structure of each business segment continued to improve, and operating income for the half-year was 69.7 billion yen, an increase of 20.6 billion yen (+41.9%) compared with the same period the previous fiscal year. Ordinary income was 74.4 billion yen (an increase of 25.3 billion yen/51.5% against the same period the previous fiscal year), and net income for the first half-year was 52.1 billion yen (an increase of 19.9 billion yen/61.7%).
For the full fiscal year ending December 31, 2015, Yamaha forecast that factors generating increased sales and income in its motorcycle and other business units in developed markets, and the motorcycle business segment in Vietnam and Taiwan, will sufficiently offset headwinds elsewhere for its forecasts for 2015 to remain unchanged. Namely that net sales will be around 1,700 billion yen, operating income around 120.0 billion yen, ordinary income will be 123.0 billion yen, and net income 76.0 billion yen.
