Yamaha global marine sales up 6 percent


Yamaha Motor Co., Ltd today reported sales of $80.6 billion (855.9 billion yen) for the first half of its fiscal year. It represents a 0.5 percent gain in total sales. Net income dropped 8.4 percent to $5.3 billion (52.2 billion yen) for the same period.

The company said in a statement that its Marine division had sales of $1.9 billion (197.7 billion yen), a 6.4 percent increase over the same period a year ago. Operating income was up 6.5 percent to $3.7 billion (39.0 billion yen) “Increases in sales and income were achieved thanks to an increase in large outboard motor, water vehicle, and sports boat unit sales in North America and Europe,” said the statement.

The company revised its 2019 forecast downward, expecting 1.8 percent lower sales and 5.6 percent lower net income for the year. The revision comes because of “sluggish sales owing to the effects of U.S.-China trade friction in the robotics business, as well as lower unit sales in Vietnam and deterioration of the model mix in Taiwan in the emerging markets motorcycle business,” according to the statement. 


Viking Holds Vaccination Event

The New Jersey-based builder is working with local healthcare providers to offer Covid-19 shots to employees and their families.

Bellingham to Supply Dock for Superyacht Marina

Bellingham Marine will design and install a floating concrete dock system at Hurricane Hole Superyacht Marina in the Bahamas.

Off the Charts

Even as builders faced order backlogs and product shortages, registrations continued to soar in March.

Maverick Boat Group Expands

The Florida-based builder plans to increase production capacity by 30 percent and add 150 new jobs.

Polaris Names CEO and CFO

Previously interim executives, Michael Speetzen was named the CEO and Bob Mack the CFO of the Minnesota-based powersports company.

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.