Yamaha Motor annual net sales up 11%

Yamaha Motor’s operating income rose 2.8%, to JPY127 billion, and ordinary income climbed 11.9% to JPY140.3 billion. However net income decreased 7.8% to JPY71.2 billion during the fiscal year under review, due to a special provision for an accrual for product liabilities.

Motorcycle sales have increased 15.5% from the previous fiscal year, exceeding one trillion yen at JPY1.05 trillion, led principally by favorable sales in Indonesia, Vietnam and Brazil. Marine product sales rose 8.8%, to JPY289.9 billion, reflecting steady increases in personal watercraft sales in the US and outboard motor sales in Europe.

Meanwhile, operating income from the motorcycle business rose 15.4% to JPY63 billion. Operating income from the marine product business increased 21.6%, to JPY28.2 billion. Operating income from the power product business dropped 19.5%, to JPY22.2 billion.

Negative factors affecting operating income include an increase in selling, general and administrative expenses totaling JPY52.8 billion from 2006, the impact of a change in the product mix and related factors totaling JPY10.3 billion, an increase in R&D expenses totals JPY7.5 billion, hikes in raw material prices totaling JPY4.9 billion, and an increase in depreciation expenses totaling JPY5.7 billion.