Yamaha Motor Co., Ltd. has announced its results for its full year 2017 with Net sales of 1,670.1 billion yen (an increase of 167.3 billion yen or 11.1% compared with the previous fiscal year), “with each segment reaching the highest level to date”.
Operating income was 149.8 billion yen (an increase of 41.2 billion yen or 37.9% against the same period the previous fiscal year), ordinary income was 154.8 billion yen (an increase of 52.8 billion yen or 51.7% against the same period the previous fiscal year).
“Net sales increased thanks to the effects of yen depreciation and strong sales of motorcycles in the ASEAN region, outboard motors in the US and surface mounters and industrial robots. Operating income has increased thanks to increases in net sales and sales of products in the higher price range, along with improvements in profitability such as cost reductions through manufacturing methods of theoretical-value-based production, and development methods for platform and global models in the motorcycle business, which prevented rising expenses.
For its motorcycles segment, net sales were 1,045.2 billion yen (an increase of 115.1 billion yen or 12.4% compared with the previous fiscal year), and operating income was 68.8 billion yen (an increase of 32.9 billion yen or 91.4%).
“Unit sales increased in the Philippines, Thailand, Taiwan, and Vietnam, but decreased in developed markets and Indonesia. Unit sales across the entire business were approx. 5.4 million units, the highest year on year increase achieved since 2011. As a result, net sales increased, and operating income increased substantially thanks to increased sales of products in the higher price range and the effects of cost reductions in emerging markets such as Brazil and the ASEAN region.
“In the ASEAN region, we are continuing our product launches in order to demonstrate a strong presence in each market while maintaining increased profitability through platform models. In developed markets, we will create new demand by launching products that demonstrate the brand's distinctiveness and implementing marketing in the unique style of Yamaha”.
