July 30, 2004
Japan - Japan’s Yamaha Motor Co. reported consolidated net sales for the first quarter ended June 30, 2004, were JPY 295.6 billion and represented a 14.8% increase from the same period of the previous year.
Compared to results from the same quarter last year, first quarter consolidated operating income of JYP 22.5 billion was up 67.8%, consolidated recurring profit climbed 41.5% to JPY 23.4 billion, and consolidated net income was JPY11.6 billion, up 32.7%.
Yamaha said sales growth was attributable to increased sales in all business segments, including the motorcycle, marine product, power product, and IM (industrial robot) businesses. In terms of region, sales grew mainly in Japan, Europe and Asia.
Yamaha’s motorcycle sales rose 14.5% from the same period of the previous year to JPY161.2 billion, principally the result of sales expansion in Europe and Asia, the company said, adding that cycle sales declined in Japan and North America.
Led by sales growth for ATVs in Europe, power product sales rose 7% to JPY 45.8 billion; sales of marine products climbed 7.9% to JPY 57.2 billion, reflecting increased sales of mainstay outboard motors in North America and Europe, Yamaha said.
By market, sales in North America remained about the same as the previous first quarter, at JPY 86.4 billion; sales in Japan climbed 5% to JPY 40.7 billion; sales in Europe rose 30.4% to JPY 87.9 billion; and sales in Asia increased 40% to JPY 59.5 billion. Sales in other areas declined 5.7% to JPY 21.1 billion.
