Yamaha Motor Co., Ltd.
Revision of Full-Year Consolidated Earnings Guidance and Dividend Forecast for the Fiscal Year Ending December 2025, and Notice Regarding the Differences Between Individual Performance Forecast and Previous Term Results
The consolidated revenue for the fiscal year ending December 2025 is revised to JPY 2.53 trillion (1.6% decrease from the previous forecast), operating income to JPY 126 billion (5.0% increase), and net income attributable to owners of the parent is revised down significantly to JPY 16.5 billion (63.3% decrease). The dividend is expected to be cut to JPY 35 at year-end.
Key Figures
- Consolidated Revenue: 2,530,000 million JPY (1.6% decrease from previous forecast)
- Consolidated Operating Income: 126,000 million JPY (5.0% increase from previous forecast)
- Net Income Attributable to Owners of Parent: 16,500 million JPY (63.3% decrease from previous forecast)
AI要約
Details of the Revision to Earnings Guidance
Yamaha Motor Co., Ltd. has revised its full-year consolidated earnings guidance for the fiscal year ending December 2025, forecasting revenue of JPY 2.53 trillion (1.6% decrease from previous guidance), and operating income of JPY 126 billion (5.0% increase). However, due to recording an adjustment for income taxes resulting from writedown of deferred tax assets, net income attributable to owners of the parent is expected to decline sharply to JPY 16.5 billion (63.3% decrease). The writedown of deferred tax assets reflects additional tariffs on the US subsidiary and changes in business environment. The company is undertaking structural revisions and cost competitiveness enhancements mainly in its US operations.
Revision of Individual Performance and Dividend Forecast
In individual performance forecasts, sales are expected to exceed last year’s results at JPY 925 billion (6.4% increase YoY), but ordinary income is forecasted at JPY 5.6 billion (43.0% decrease YoY), and net income at JPY 7.0 billion (22.0% decrease YoY), reflecting impacts from rising prices, higher personnel expenses, and increased R&D investments. The dividend forecast is revised downward to a year-end dividend of JPY 35, although the policy remains to provide stable shareholder returns. The financial results announcement for the fiscal year ending December 2025 is scheduled for February 13, 2026.
