Yamaha Motor: Notifications regarding the Revision of Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2019
August 08, 2019 at 02:25 am EDT
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August 8,2019
IWATA, August 8,2019 - Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announces that, at the Board of Directors meeting on Thursday, August 8, 2019, the Company has determined to revise as follows the forecast consolidated business results for the fiscal year ending December 31, 2019.
There are no changes to the forecast dividend for the year.
1.Revised Forecast Consolidated Business Results for the Fiscal Year (January 1, 2019 through December 31, 2019)
Net Sales
Operating Income
Ordinary Income
Net Income
Attributed to
Owners of Parents
Net Income per Share
Original Forecast (A)
(Announced February 12, 2019)
Billion Yen
1,700
Billion Yen
133
Billion Yen
135
Billion Yen
85
Yen fractions
243.39
Current revised forecast (B)
1,670
125
125
80
229.03
Amount of change (B-A)
-30
-8
-10
-5
-
Percentage change[(B-A)/A]
-1.8
-6.0
-7.4
-5.9
-
Reference:
Actual results
for the previous consolidated fiscal year
(Year ending December 31, 2018)
1,673.137
140.787
137.969
93.366
267.35
2.Reasons for revision of forecast business results
Results are now projected to be below the original forecast due to sluggish sales owing to the effects of U.S.-China trade friction in the robotics business, as well as lower unit sales in Vietnam and deterioration of the model mix in Taiwan in the emerging markets motorcycle business.
Exchange rates based on:
Actual exchange rates for the previous consolidated fiscal year
(Year ending December 31, 2018)
Original Forecast
(Announced February 12, 2019)
Current revised forecast
(U.S. dollar / euro)
110/130
105/120
(Second half-year) 105 / 120
(Annual) 108 / 122
(Indonesian rupiah and Brazilian real v.s. U.S. dollar)
14,476/3.7
14,200/3.8
(Second half-year) 14,200/3.8
(Annual) 14,100/3.8
Regarding dividends for the fiscal year, the original forecast dividend for the year has been maintained at 90 yen per share, and the interim dividend has been determined at 45 yen per share
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Yamaha Motor Co. Ltd. published this content on 08 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2019 06:24:06 UTC
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%).