YAMAHA MOTOR: Consolidated Business Results Summary — Full Fiscal Year Ended December 31, 2021 —

Rhea-AI Summary

Yamaha Motor Co., Ltd. reported record financial results for the fiscal year 2021, with net sales of 1,812.5 billion yen, up 341.2 billion yen or 23.2% from the previous year. Operating income rose to 182.3 billion yen (up 100.7 billion yen, 123.3%), while net income attributable to owners of parent reached 155.6 billion yen (up 102.5 billion yen, 193.1%). For FY2022, Yamaha forecasts net sales of 2,000 billion yen but expects net income to decrease to 130.0 billion yen, down 25.6 billion yen or 16.4%.

Positive

• Record net sales of 1,812.5 billion yen, 23.2% increase.
• Operating income increased 123.3% to 182.3 billion yen.
• Net income rose 193.1% to 155.6 billion yen.

Negative

• Forecast for net income in FY2022 decreased by 16.4% to 130.0 billion yen.

IWATA, Japan--(BUSINESS WIRE)-- Yamaha Motor Co., Ltd. (TOKYO:7272) announces its consolidated business results for the full 2021 fiscal year.

Yamaha Motor Headquarters, Shizuoka, Japan (Photo: Business Wire)

Net sales were 1,812.5 billion yen (an increase of 341.2 billion yen or 23.2% compared with the previous fiscal year) and operating income was 182.3 billion yen (an increase of 100.7 billion yen or 123.3%). Ordinary income was 189.4 billion yen (an increase of 101.7 billion yen or 116.0%) and net income attributable to owners of parent was 155.6 billion yen (an increase of 102.5 billion yen or 193.1%). These represent the Company’s highest figures ever for net sales and income. For the fiscal year, the U.S. dollar traded at 110 yen (a depreciation of 3 yen from the previous fiscal year) and the euro at 130 yen (a depreciation of 8 yen).

Thanks to higher unit sales as well as the increase in unit purchase prices, net sales increased despite the impacts of lower production, labor shortages, and more brought on by the supply shortage of semiconductors and other parts. Operating income rose significantly in part due to the increase in sales but also due to the curbing of fixed costs through the implementation of remote work and other digital methods, foreign exchange impacts, and other factors working to absorb the effects of soaring logistics costs and raw material prices.

Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2022

Net Sales	2,000 billion yen (an increase of 187.5 billion yen or 10.3% from FY2021)
Operating Income	190.0 billion yen (an increase of 7.7 billion yen or 4.2% from FY2021)
Ordinary Income	190.0 billion yen (an increase of 0.6 billion yen or 0.3% from FY2021)
Net Income Attributable to Owners of Parent	130.0 billion yen (a decrease of 25.6 billion yen or down 16.4% compared with FY2021)

These forecast figures are based on the U.S. dollar trading at 113 yen during the fiscal year (a depreciation of 3 yen from FY2021) and the euro at 128 yen (an appreciation of 2 yen).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220209005487/en/

Naoto Horie

Corporate Communication Division

Global PR Team

Yamaha Motor Co., Ltd.

TEL: +81(0)3-5220-7211

ymc_pr@yamaha-motor.co.jp

Source: Yamaha Motor Co., Ltd.

FAQ

What were Yamaha's fiscal year 2021 net sales?

Yamaha's net sales for fiscal year 2021 were 1,812.5 billion yen, a 23.2% increase from the previous year.

What is Yamaha's forecast for net income in FY2022?

Yamaha forecasts a net income of 130.0 billion yen for FY2022, which is a decrease of 16.4% compared to FY2021.

How much did Yamaha's operating income increase in FY2021?

Yamaha's operating income increased by 123.3% to 182.3 billion yen in FY2021.

What were the earnings results for Yamaha Motor Co. in fiscal year 2021?

In FY2021, Yamaha reported net income attributable to owners of parent at 155.6 billion yen, an increase of 193.1%.

What factors contributed to Yamaha's increased sales in fiscal year 2021?

Yamaha's increased sales were driven by higher unit sales and increased unit purchase prices, despite challenges like lower production and supply shortages.