YAMAHA MOTOR: Consolidated Business Results Summary — Full Fiscal Year Ending December 31, 2022 —

Rhea-AI Summary

Yamaha Motor Co., Ltd. reported consolidated results for the fiscal year 2022, achieving record net sales of 2,248.5 billion yen, an increase of 24.1%. Operating income rose to 224.9 billion yen (+23.3%) with ordinary income at 239.3 billion yen (+26.3%). Net income attributable to owners increased to 174.4 billion yen (+12.1%). Despite supply chain challenges, demand for outboard motors and recovering motorcycle sales boosted revenues. However, the forecast for 2023 indicates a decline in ordinary income and net income, projecting 230.0 billion yen (-3.9%) and 160.0 billion yen (-8.3%) respectively.

Positive

• Record net sales of 2,248.5 billion yen, up 24.1% from previous year.
• Operating income increased to 224.9 billion yen, a growth of 23.3%.

Negative

• Ordinary income forecast for 2023 decreased to 230.0 billion yen, down 3.9% from FY2022.
• Net income forecast for 2023 decreased to 160.0 billion yen, down 8.3% from FY2022.

IWATA, Japan--(BUSINESS WIRE)-- Yamaha Motor Co., Ltd. (TOKYO: 7272) announces its consolidated business results for the full 2022 fiscal year.

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

Net sales were 2,248.5 billion yen (an increase of 436.0 billion yen or 24.1% compared with the previous fiscal year) and operating income was 224.9 billion yen (an increase of 42.5 billion yen or 23.3%). Ordinary income was 239.3 billion yen (an increase of 49.9 billion yen or 26.3%) and net income attributable to owners of parent was 174.4 billion yen (an increase of 18.9 billion yen or 12.1%). These figures once again reset the Company’s record for net sales and incomes, and this is also the first time Yamaha Motor has ever surpassed 2,000 billion yen in net sales and 200 billion yen in operating and ordinary income. For the full consolidated fiscal year, the U.S. dollar traded at 132 yen (a depreciation of 22 yen from the previous fiscal year) and the euro at 138 yen (a depreciation of 8 yen).

While affected by supply shortages brought on by global supply chain disruptions, net sales still rose due to high demand in developed markets for outboard motors and a recovery in demand for motorcycles in emerging markets. For operating income, there were significant increases in costs for raw materials, logistics, and more, but continued efforts to rein in costs, the effects of passing on costs materializing, and the added benefits of a weak yen led to higher profits for the year.

Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2023

Net Sales	2,450 billion yen (an increase of 201.5 billion yen or 9.0% from FY2022)
Operating Income	230.0 billion yen (an increase of 5.1 billion yen or 2.3% from FY2022)
Ordinary Income	230.0 billion yen (a decrease of 9.3 billion yen or 3.9% from FY2022)
Net Income Attributable to Owners of Parent	160.0 billion yen (a decrease of 14.4 billion yen or 8.3% from FY2022)

These forecast figures are based on the U.S. dollar trading at 125 yen during the fiscal year (an appreciation of 7 yen from FY2022) and the euro at 135 yen (an appreciation of 3 yen).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230212005030/en/

Ayuko Kobayashi

Corporate Communication Division

Global PR Team

Yamaha Motor Co., Ltd.

TEL: +81(0)538-32-1145

ymc_pr@yamaha-motor.co.jp

Source: Yamaha Motor Co., Ltd.

FAQ

What were Yamaha Motor's net sales for the fiscal year 2022?

Yamaha Motor's net sales for the fiscal year 2022 were 2,248.5 billion yen, which was an increase of 436.0 billion yen or 24.1% compared to the previous year.

What is the outlook for Yamaha Motor's net income in 2023?

The forecast for Yamaha Motor's net income in 2023 is 160.0 billion yen, reflecting a decrease of 14.4 billion yen or 8.3% from FY2022.

How much did operating income increase for Yamaha Motor in 2022?

Yamaha Motor's operating income increased to 224.9 billion yen, which is an increase of 42.5 billion yen or 23.3% from the previous fiscal year.

What are the expected sales figures for Yamaha Motor in fiscal year 2023?

For the fiscal year ending December 31, 2023, Yamaha Motor expects net sales of 2,450 billion yen, an increase of 201.5 billion yen or 9.0% from FY2022.