Big outboard sales lift Yamaha’s marine division sales

The 425-hp XTO Offshore is Yamaha’s largest outboard.

The 425-hp XTO Offshore is Yamaha’s largest outboard.

Yamaha Motor Co., Ltd today said that companywide sales rose 0.4 percent for its first three quarters to $11.6 billion (1.27 trillion yen) compared to the same period a year ago. Net income fell 7.5 percent to $9.2 million (75.6 billion yen) for the first three quarters.

The company said in a statement that its marine and financial services business segments reported higher sales, while land mobility and robotics saw lower sales. Operating income was up in marine, but down in the other segments.

Net sales in the marine division were $2.5 billion (274.2 billion) for the first three quarters, up 4.1 percent compared to the same period a year ago.

Operating income rose 2.6 percent to $2.5 billion (52.0 billion yen)

“Thanks to an increase of large outboard motor production, unit sales of high-end models that exceed 200HP in North America and Europe increased,” said the statement “Healthy sales of water vehicles and sports boats also helped to absorb foreign exchange losses and increase sales and income.”

The company did not change its full-year financial forecast. 


NMMA to Hold State of the Industry Webinar

The March 4 webinar takes place at 11 a.m. and includes the presentation of the Marine Industry Customer Satisfaction Index Awards and the Alan J. Freedman Award.

Sanlorenzo Reports 2020 Financials

Gains in the Asia-Pacific and Americas markets offset losses for the Italian builder’s superyacht division.

Into the High Season

Our monthly Pulse Report survey asks dealers about restocking inventory and more, as the new season looms.

It Takes Two to Tango

The boom in boat sales we’re enjoying is a result of the combined efforts of the National Marine Manufacturers Association and the Recreational Boating and Fishing Foundation.

Besenzoni - for over 50 years ambassador of made in Italy in the world - designs and produces accessories for pleasure and commercial boating characterized by simple and functional design

Besenzoni constantly assists its customers in 90 countries with 187 representative points and a direct assistance network consisting of 164 operating units around the world coordinated by the headquarters.

Sea Tow Saves Cold-Stunned Turtles

Its Corpus Christi outfit is rescuing turtles that were affected by the deep freeze in Texas.