During his consolidated financial report on February 12, President Hiroyuki Yanagi of Yamaha Motor Co. forecasted two-wheeled vehicles in developed countries to be in surplus within this fiscal year (December 2015). These are the same two-wheeled vehicles which were experiencing deficits since the beginning of Lehman Shock.
Two-wheeled auto businesses in developed countries have been facing difficulties since the Lehman Shock in 2008 due to the stagnation of demands. These businesses are led by the Japanese, American and European automakers. In that same year, Yamaha also fell into a deficit in December. Although demands have begun to recover on the same quarter in 2014, they still had an operating loss of 13.2 billion yen.
This term, the said company is planning to sell 445,000 units. This is 8% more compared to the previous term in the advanced countries market, and can be seen as an effect of their new models. From the effects of increased productivity, cost reduction activity from the development process, and the declining yen, President Yanagi has observed the surplus in developed nations as a major agenda of their management. Lastly, he added that he wants to smoothly eliminate the deficit between their profit and loss this term.
(Translated by Claire Marie Sausora)