Yamaha Motor Co., Ltd. announced consolidated business results for the first nine months of its 2016 financial year that put consolidated sales at 1,132.8 billion yen, (a decrease of -93.4 billion yen or -7.6% compared with the same period the previous fiscal year), and operating income of 88.9 billion yen (a decrease of -16.1 billion yen or -15.3%).
Developed markets experienced a decrease in sales and income compared with the same period the previous fiscal year due to the appreciating yen. In the emerging markets motorcycle business segment, while net sales decreased due to lower unit sales in Indonesia and Brazil, operating income increased compared to the previous year thanks to product mix improvements and the effects of cost reductions such as promotion of the platform transition.
Net sales of motorcycle products overall were 699.2 billion yen (a decrease of -85.0 billion yen or -10.8% compared with the same period the previous fiscal year), and operating income was 28.6 billion yen (a decrease of -4.8 billion yen or -14.3%).
For unit sales in developed markets, while Japan and Europe experienced increases, the planned reductions in distribution inventories in North America led to overall unit sales on almost a similar level as the previous year.
Unit sales in emerging markets such as India, Vietnam and the Philippines increased, but decreased in Indonesia and Brazil due to market slumps etc. These results led to an overall decrease in motorcycle business net sales.
Operating income increased in emerging markets thanks to product mix improvements and the effects of cost reductions such as promotion of the platform transition, but decreased in developed markets due to the appreciating yen, leading to a reduction in income overall.
