Yamaha posts profit
Yamaha Motor Company has announced that in the first half of its fiscal year consolidated net sales of 828.1 billion yen were up 6.4 per cent from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 25.7 per cent), ordinary income of 83.5 billion yen (up 51.1 per cent), and net income for the period attributable to parent company shareholders of 60.8 billion yen (up 87.5 per cent). In emerging markets, motorcycle sales rose and operating income was significantly higher . In developed markets, motorcycles, marine, industrial machinery and robot products and electrically power-assisted bicycles contributed to increased sales and income. Motorcycle net sales rose 6.6 per cent, supported by brisk business in emerging markets, and operating income soared 86.8 per cent due to a more competitive product mix and lower costs. Marine business net sales rose 5.5 per cent on the strength of outboard motor sales in North America. Power products declined 4.0 per cent but industrial machinery and robots climbed 30.4 per cent, boosted by surface mounter unit sales. Drive units for electrically power-assisted bicycles surged in Europe. For the year, Yamaha Motor forecasts net sales rising 8.5 per cent to 1,630.0 billion yen, operating income rising 24.3 per cent to 135.0 billion yen, and net income attributable to parent company shareholders rising 42.5 per cent to 90.0 billion yen. All figures have been upwardly revised from initial forecasts. The full-year dividend forecast has been raised to 78 yen, up 18 yen from the previous year.