Yamaha Motor Co., Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ending December 31 2020
February 12, 2021 at 02:00 am EST
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Yamaha Motor Co., Ltd. reported consolidated earnings results for the fourth quarter and Fiscal Year Ending December 31 2020. For the year, net sales were JPY 1,471.3 billion against (a decrease of JPY 193.5 billion, or 11.6% compared with the previous fiscal year). Operating income was JPY 81.7 billion against (a decrease of JPY 33.7 billion, or 29.2%). net income attributable to owners of parent was JPY 53.1 billion against (a decrease of JPY 22.7 billion, or 29.9%).
For the quarter, net sales were JPY 404.2 billion against (an increase of 6.7 billion yen, or 1.7% on the same period over the previous fiscal year). Operating income was JPY 25.3 billion against (an increase of JPY 9.9 billion, or 64.5%).
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).
YAMAHA MOTOR CO., LTD. 
