Yamaha Motor Co., Ltd. has announced the results for its 2015 consolidated accounting year.
The company reports total powersports vehicle (motorcycle, scooter and ATV) unit sales of 209,000 units in Europe, which is +9.42 percent on the 191,000 units reported for 2014 - making 2015 sales in Europe worth 136.185 bn. yen (+13.4 percent).
In North America Yamaha reports 89,000 units, which is 12.66 percent up, with Asia worth 4,286,000 units, which is some -11 percent in unit terms there, putting their worldwide total at 5,218,000 units for the year (-0.1 percent).
Global net sales of motorcycle products were 1,016 billion yen (an increase of +38.4 billion yen/+3.9% compared with the previous full fiscal year), and operating income was 31.9 billion yen (an increase of 9.0 billion yen/39.1% compared with the same period in the previous fiscal year).
Unit sales increased in developed markets such as North America, Europe and in Japan, sales of large motorcycle products increased, while scooter sales decreased.
Unit sales in emerging markets such as Vietnam, the Philippines and Taiwan increased, but decreased in Indonesia, Brazil and China etc.
Net sales increased thanks to the effects of new products such as the MT series and increased sales of products in the higher price range. Operating income also increased, with factors generating increased income, such as the effects of scale, product mix and cost reductions compensating for negative factors such as increases in development costs and currency depreciation in emerging markets.
Total corporate net sales were 1,615.4 billion yen, an increase of +94.1 billion yen (+6.2%) compared with the same period the previous fiscal year. Operating income was 120.4 billion yen, an increase of +33.2 billion yen (+38.0%) compared with the previous fiscal year.
Developed markets delivered sales and income increases thanks to sales increases of global models and products in the higher price range in the motorcycle business segment, increased sales of large models and the effect of yen depreciation in the marine business segment, and increased sales of recreational off-highway vehicles (ROV) models in the power product segment.
For the motorcycle business in emerging markets, increased sales in Vietnam, the Philippines and Taiwan, as well as increased sales of products in the higher price range - and the effect of cost reductions in each region - absorbed the reduction in unit sales and currency depreciation effects in Indonesia, Brazil and China etc., meaning that income was in line with the previous period.
Yamaha says that its forecasts for demand in the next fiscal year (to December 31st 2016) for its major businesses are for a solid business climate to continue in developed markets, and for the unstable situation to continue in emerging markets due to factors such as low resource prices and weak currencies in Indonesia, Brazil etc.
Based on such estimations, they say they expect to roll out further platform models in the market for the motorcycle business segment, that high profitability will be maintained thanks to high brand power in the marine business segment, and earning power in the recreational off-highway vehicle (ROV) sports field and other businesses of the power product segment will increase.
Yamaha says that the income generated from these areas will help them further their growth investment and continue to achieve sustainable growth towards their aim of becoming "a unique company that continues to achieve dynamic milestones."
