Net sales for Yamaha Motor Co. Ltd.'s consolidated accounting period for the first quarter of the fiscal year ending December 31, 2017 were 386.0 billion yen (an increase of +3.1 billion yen or +0.8% compared with the same period the previous fiscal year), and operating income was 37.3 billion yen (an increase of +5.0 billion yen or +15.5%).
In the developed markets business, profitability improvements progressed in marine, industrial machinery and robot products, and electrically power-assisted bicycles, but remaining one-off factors, such as the appreciating yen and the effect of unrealized income etc., led to decreased sales and income.
Regarding the emerging markets motorcycle business, increased sales of products in the higher price range and profitability improvements through cost reductions and structural reforms etc. continued, which led to increased sales and income.
Ordinary income was 40.8 billion yen (an increase of +12.7 billion yen or +45.1% against the same period the previous fiscal year), and net income for the period attributable to parent company shareholders was +31.7 billion yen (an increase of +11.0 billion yen or +53.0%).
Motorcycle net sales were 232.5 billion yen (an increase of +2.7 billion yen or +1.2% compared with the same period the previous fiscal year), and operating income was +13.9 billion yen (an increase of +6.4 billion yen or +84.0%).
Unit sales decreased in developed markets such as Europe, North America and Japan. Unit sales in emerging markets such as Vietnam, the Philippines, and Thailand increased, but decreased in the Indonesian market etc.
Net sales decreased in developed markets due to an appreciation of the yen and lower unit sales, whereas net sales increased in emerging markets thanks to increases in unit sales and sales of products in the higher price range. Operating income increased due to the effects of product mix improvements and cost reductions etc.
