Yamaha Motor Co. reports Q2 earnings

Author:
Publish date:

Yamaha Motor Co. said net sales for the first half of its fiscal year were 853.1 billion yen ($7.7 billion), up 2.8 percent compared to the same period a year ago. Net income dropped 6.3 percent for the first half, to 56.984 billion yen ($513 million).

The company said in an online statement that net sales were up thanks to a “healthy” marine business, emerging-markets motorcycle business, industrial machinery and its robots business. Yamaha said in a presentation that benefits of its outboard production ramp-up will visible in the second half of the year.

Net sales in the marine business were up 5 percent, to 188.7 billion yen ($1.7 billion), compared to the first half of last year. The division had operating income of 38.2 billion yen ($343.6 million), up 3.5 percent. The marine segment has been the company’s strongest performer in operating income over the past three years.

Yamaha maintained its full-year guidance of 1,700 billion yen ($15.3 billion) in net sales and 103 billion yen (926.8 million) in net income. 

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.