IWATA (Yosefardi) – Yamaha Motor Co., Ltd. posted consolidated operating income of 69.7 billion yen in the 2015 half year, grew by 41.9% from a year earlier. Net sales rose 8.6% to 821.1 billion yen.
Business in developed markets shifted into the black thanks to structural reforms and well-received motorcycle launches.
Business in emerging markets remained relatively healthy. Increased sales of high-end products and the introduction of platform models countered the effects of declining sales volumes in Indonesia and Brazil and currency depreciation in emerging markets.
Net sales of motorcycles rose 7.6% to 518.2 billion yen and operating income climbed 65.8% to 18.6 billion yen. Net sales increased thanks to high-end products in emerging markets and new product launches. Rising operating income was supported by higher sales, cost reductions and the yen’s depreciation.
Unit sales increased in developed markets, aided by successful products such as the YZF-R1 superbike and the MT-09 TRACER sports touring model. Sales in North America and Europe increased 28% and 14%, respectively.
Unit sales rose in emerging markets such as Vietnam and the Philippines, led by popular models such as the Exciter and Nozza Grande. Economic slumps pushed down sales in certain other emerging markets, such as Indonesia and Brazil.
In the marine segment, large outboard motors boosted overall sales and income.
Net sales in the segment rose 12.0% to 168.8 billion yen. Operating income surged 41.7% to 39.3 billion yen. Increased sales and income benefited from stronger unit sales of large outboard motors and water vehicles in the U.S. and the yen’s depreciation. The operating income ratio exceeded 20%.