Yamaha Motor Corp. will be the presenting sponsor of the AMA Motorcycle Hall of Fame Breakfast at Daytona, presented by Yamaha, on Friday, March 14, in Daytona Beach, Fla. This year’s special guest will be motorcycle inventor, designer, racer and Hall of Famer Craig Vetter. Vetter’s iconic Windjammer fairings were ubiquitous in the 1970s and ’80s, […]
Yamaha Reports Q2 2011 Results
A drop in net sales, an appreciating yen and the fallout from the March 11 earthquake and tsunamis in Japan contributed to a 4.6% drop in profit for Yamaha Motor Co. over the second quarter of 2011.
Over the quarter ended June 30, 2011, Yamaha saw a 5.9% drop in net sales compared to the same period in 2010.Yamaha reports sales of 344.5 billion yen (US$4.48 billion) over the second quarter, compared to the 366.3 billion yen (US$4.77 billion) reported in the same quarter in 2010. Yamaha’s second quarter net income totaled 15.5 billion yen (US$201.6 million), a 4.9% drop from the 16.2 billion yen (US$210.7 million) reported last year.
Despite the second quarter numbers, Yamaha is still up for the year, reporting a first half net profit of 29.0 billion yen (US$377.3 million), a 21.8% improvement from 2010′s net profit of 23.8 billion yen (US$309.7 million).
Motorcycle sales generated net sales of 242.5 billion yen (US$3.15 billion), a 6.2% year-on-year decrease from 2010. North American sales generated 9.8 billion yen (US$127.5 million) over the second quarter, a 19.0% decrease from net sales of 12.2 billion yen (US$158.1 million) reported in the second quarter of 2010.
Yamaha sold 1.78 million motorcycles over the second quarter, a 5.0% decrease from the 1.87 million units sold in the same period of 2010. North American sales dropped to 15,000 units from 18,000 units, while Europe (-22.0%) and Asia (-6.0%) saw even larger decreases in sales. According to Yamaha, new exhaust regulations in China had a negative impact on sales in Asia. Yamaha did report increased sales in Japan, Central and South America, and other markets however.
For the y ear,Yamaha raised its net profit forecast to 35.0 billion yen (US$455.1 million) from the previous forecast of 20.0 billion yen (US$260.1 million). If that holds true, it would nearly double the net profit of 18.3 billion yen (US$238.0 million) reported from the 2010 fiscal year.