Yamaha reported 1.709 million total global motorcycle unit sales for the first half of 2020, generating net sales of 375.2bn yen, down from 2.516 million units and 504.2bn yen for the first six months of 2019.
Units sales in Europe totalled 99,000, down from 109,000 for the first half of last year, with North American sales at 28,000 units (down from 32,000 of the year-ago period); domestic sales in Japan were 42,000 units, down from 46,000, with Asia reporting 1.364 million units sold, compared to 2.115 million for the first half of 2019.
In Yamaha's 'Land Mobility' (Motorcycles) segment, net sales were 429.0bn yen (a decrease of -133.6bn yen or 23.7% compared with the same period the previous fiscal year), with an operating loss of -6.7bn yen (the same period the previous fiscal year showed an operating income of 20.8bn yen).
Due to the impact of the COVID-19 pandemic, the number of PTWs sold decreased, and the various lengths of factory closures in each country resulted in lower sales and income. Additionally, total demand in Indonesia dropped significantly due to stricter examinations on sales finance due to the economic downturn. In India and the Philippines, the effects of lockdowns were longer than in other countries. However, in China, Vietnam and Taiwan, the recovery of total demand has steadily progressed.
At a corporate level, net sales for Yamaha Motor Co., Ltd.'s consolidated accounting period for the first six months of the fiscal year ending December 31, 2020 were 685.5bn yen (a decrease of -170.4bn yen or 19.9% compared with the same period the previous fiscal year). Operating income was 19.1bn yen (a decrease of -49.9bn yen or 72.3%), ordinary income was 20.7bn yen (a decrease of 49.5bn yen or -70.5%), and a net loss for the quarter attributable to owners of parent was -2.8bn yen (the same period the previous fiscal year recorded a net income of 52.0bn yen).