Yamaha Motor Co., Ltd.
Notice of Revision of Consolidated Financial Forecast for the Fiscal Year Ending December 2026
Forecast raised for sales and operating income driven by expansion of MC business and U.S. tariff refunds and yen depreciation; full-year forecast: net sales of 2,900,000 hundred million yen, operating income of 260,000 hundred million yen, net income attributable to owners of the parent of 170,000 hundred million yen, with increases of +200,000 / +80,000 / +70,000 hundred million yen respectively from the previous forecast, YoY improvement. Annual dividend forecast unchanged.
Key Figures
- Net sales: 2,900,000 hundred million yen
- Operating income: 260,000 hundred million yen
- Net income attributable to owners of the parent: 170,000 hundred million yen
AI要約
Overview of the earnings forecast revision
Consolidated earnings forecast for the fiscal year ending December 2026 has been revised upward. In addition to solid mid-year sales expansion, refunds of US tariffs and a weaker yen contributed to upside in net sales and operating income. For the full year, despite higher raw material costs due to Middle East tensions and one-off costs in the OLV business, the effect of additional US tariffs is expected to be below the initial assumption, and combined with cost-cutting measures, the forecast is expected to exceed the previous plan. Exchange rate assumptions are: 159 yen per USD, 182 yen per EUR.
Impact on shareholders and forward outlook
Annual dividend forecast remains unchanged. Assuming continued expansion of the customer base and ongoing cost reduction initiatives, the full-year forecast has been upwardly revised after comprehensive consideration of the business environment. Close attention is required to exchange-rate movements and tariff developments, and reforms in the MC and OLV businesses are likely to be key drivers of performance.
Yamaha Motor Co., Ltd.
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