IWATA (Yosefardi) – Yamaha Motor Co., Ltd. booked operating income of 120.4 billion yen for for the fiscal year ended December 31, 2015, soared 38% from the same period of 2014.
Net sales rose 6.2% to 1,615.4 billion yen. Sales and income were strong in developed markets.
Increases were recorded with global and higher-priced models in the motorcycle segment, large models (and due to the effect of the yen’s depreciation) in the marine segment, and recreational off-highway vehicle (ROV) models in the power-product segment.
In emerging markets, motorcycle sales rose in Vietnam, the Philippines and Taiwan. Premium models also performed well and cost reductions produced positive effects.
As a result, reduced unit sales and currency depreciations in markets such as Indonesia, Brazil and China were counterbalanced sufficiently to maintain revenue at the previous year’s level.
For 2016, Yamaha Motor forecasts net sales rising 5.2% to 1,700.0 billion yen and net income climbing 33.3% to 80.0 billion yen.