IWATA, November 13, 2019 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces consolidated business results for the first nine months.
Net sales for Yamaha Motor Co., Ltd.'s consolidated accounting period for the first nine months of the fiscal year ending December 31, 2019 were 1,267.2 billion yen, an increase of 5.3 billion yen (0.4%) compared with the same period the previous fiscal year. Operating income was 100.0 billion yen, a decrease of 15.5 billion yen (13.4%), ordinary income was 102.4 billion yen, a decrease of 11.0 billion yen (9.7%), and net income for the period attributable to owners of parent was 75.6 billion yen, a decrease of 6.1 billion yen (7.5%) compared with the previous fiscal year.
For the first nine months consolidated accounting period, the U.S. dollar traded at 109 yen (an appreciation of 1 yen from the same period the previous fiscal year), and the euro at 123 yen (an appreciation of 8 yen).
For net sales, although sales increases in the Marine and Financial Services Business Segments were achieved, decreased sales in the Land Mobility and Robotics Business Segments led to an overall result at the same level as the previous fiscal year.
Operating income increased in the Marine Business Segment, but decreased overall due a deterioration in the regional mix of motorcycles in emerging markets, decreased unit sales in the Robotics Business Segment, and also due to the effect of newly-incorporated accounts of Yamaha Motor Robotics Holdings Co., Ltd (YMRH) and its subsidiaries.
The results were the same as the previous year excluding the 11.2 billion yen negative impact of foreign exchange, and the 5.1 billion yen used on growth strategy expenses.
Results by Business Segment:
Net sales were 832.0 billion yen (a decrease of 5.8 billion yen or 0.7% compared with the same period the previous fiscal year), and operating income was 35.8 billion yen (a decrease of 4.4 billion yen or 10.9%).
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