Yamaha Motor Company announced its consolidated financial results for the first half of the fiscal year ending in December 2015 (January-June 2015) on August 4. Despite declining motorcycle sales, the operating income is up 42% year-over-year to 69.7 billion yen owing to the marine business segment’s strong performance.
Global sales for motorcycles are down 14% to 2.53 million units. Because of the market slump in Indonesia, the sales in Asia, Yamaha’s main market, are down 16% to 2.05 million units. With its operating income up 41% to 39.3 billion yen, the marine business segment was lucrative and contributed to increasing the consolidated income. The net income is up 62% to 52.1 billion yen. Sales are up 9% to 821.1 billion yen.
The initial operating income forecast of 120 billion yen (up 38% year-over-year) remains unchanged. At the press conference held in Tokyo, President Hiroyuki Yanagi assessed: “With the motorcycle segment moving back into the black, each of the business segments continues to have better profitability.”
(Translated by Katherine N. Bantiles)