Yamaha Motor Co., Ltd. announced that for the fiscal year ending Dec. 31, 2018, consolidated net sales of 1,673.1 billion yen were up 0.2 percent from the previous year. The company saw a decrease in operating income of 9 billion yen (6.0 percent), while ordinary income dropped 10.9 percent to 138.0 billion yen, and net income for the period attributable to parent company shareholders was down 8.1 percent to 93.4 billion yen.
Net sales increased on the back of strong results in the emerging markets motorcycle business, the marine business and the industrial machinery and robots business.
Operating income saw increased profitability improvements thanks to sales increases in the marine business and industrial machinery and robots segment, as well as from development and manufacturing methods of platform models and global models in the motorcycle business segment.
Unit motorcycle sales increased in emerging markets, but net sales dipped 2.2 percent overall due to a decrease in developed markets. Marine business net sales rose 6.4 percent thanks to an improved product mix and strong large outboard motor sales in North America. Power products increased 1.4 percent, while industrial machinery and robots rose 3.4 percent on the back of healthy sales of surface mounters for automotive applications.
For 2019, Yamaha Motor forecasts net sales rising 1.6 percent to 1,700.0 billion yen, while operating income is expected to decrease 5.5 percent to 133.0 billion yen. There will also be a 9.0 percent decrease in net income attributable to parent company shareholders to 85.0 billion yen on the back of an uncertain business environment due to factors such as the European economic slowdown and the U.S.-China trade issue.