Yamaha Reports Q1 2011 Results
Unit sales and operating income are up
The Japanese manufacturer sold 1.689 million motorcycles over the quarter, an increase from the 1.605 million units sold in the same quarter of 2010. Despite the increase in unit sales, revenue dipped slightly to 219.7 billion yen (US$2.716 billion) from 220.1 billion yen (US$2.722 billion), due mainly to a poor exchange rate. Cost reductions however helped increase operating income by 11.9% to 13.3 billion yen (US$164.2 million) from 11.9 billion yen (US$146.8 million) reported last year.
Yamaha’s North American motorcycle sales totaled 16,000 units, down from 17,000 units. European motorcycle sales dropped to 44,000 from 54,000 while sales were up in Japan (26,000 vs. 24,000), Asia (1.48 million vs. 1.41 million) and other regions (129,000 vs. 96,000).
Overall, Yamaha Motor Corporation reported a net income of 13.4 billion yen (US$166.2 million), a 79.0% increase from the 7.5 billion yen (US$92.8 million).
Despite the uncertainty caused by the March 11 Japanese earthquake, Yamaha has not changed its year-end outlook of a predicted net income of 20.0 billion yen (US$247.2 million).