YAMAHA INTEGRATED REPORT 2018

80/90

2009201020112012For the year:Net sales ¥1,153,642¥1,294,131¥1,276,159¥1,207,675Sales by product: Motorcycles817,058914,211887,556798,676 Marine products150,113167,141178,929196,320 Power products100,577102,968100,257103,588 Industrial machinery and robots—34,75834,32630,813 Other products85,89375,05175,08978,276Gross prot202,292295,565276,046235,068Operating income (loss)(62,580)51,308 53,405 18,598 Ordinary income (loss)(68,340)66,142 63,495 27,267 Net income (loss) attributable to owners of parent(216,148)18,300 26,960 7,489 Net cash provided by (used in) operating activities74,096 104,531 33,328 (2,385)Net cash used in investing activities(45,285)(37,632)(46,517)(51,081)Free cash ows28,810 66,899 (13,189)(53,466)Net cash provided by (used in) nancing activities(32,022)5,296 (51,927)15,761 Capital expenditures46,035 33,939 45,049 48,788 Depreciation expenses53,70136,59433,57834,278At year-end:Total assets¥  987,077 ¥  978,343 ¥  900,420 ¥  962,329 Net assets249,266310,809309,914341,561Interest-bearing debt399,942322,443274,721326,976Ratios:Operating income margin (%)(5.4)4.0 4.2 1.5 Return on equity (%)(71.2)7.5 9.7 2.5 Equity ratio (%)21.5 28.0 31.2 32.0 Price/earnings ratio (times)—23.8 12.6 44.2 Debt/equity ratio (%)188.3 117.6 97.8 106.2 Per share amounts:Net income (loss)—basic¥   (755.92)¥    55.50 ¥    77.23 ¥    21.45 Net income—diluted—55.50 77.23 —Net assets743.04785.61804.26881.88Cash dividends0.00 0.00 15.50 10.00 Share performance (at year-end):Price per share (yen)¥    1,166 ¥    1,323 ¥     974 ¥     949 Market capitalization333,300461,855340,018331,288Other data (at year-end):Number of shareholders30,01331,61532,25932,873Number of employees49,99452,18454,67753,958Notes: • References to scal years are to 12-month periods commencing on January 1 and ending on December 31. • With regard to amounts stated in million yen units, amounts less than ¥1 million are truncated. For amounts stated in 0.1 billion or billion yen units, amounts less than ¥0.1 billion or ¥1 billion, respectively, are rounded off. • ‌From the scal year ended December 31, 2016, the presentation of sales nance-related income and expenses has changed from recording under “Selling, general and administrative expenses,” “Non-operating income,” and “Non-operating expenses” to recording under “Net sales,” “Cost of sales,” and “Selling, general and administrative expenses.” To reect this change in presentation method, the consolidated nancial statements for the scal year ended December 31, 2016 and the scal year ended December 31, 2015 have been reclassied.• ‌Figures for the scal year ended December 31, 2009 are as per the previous segment classications.Ten-Year SummaryYamaha Motor Co., Ltd. and Consolidated SubsidiariesYears ended December 31Yamaha Motor Co., Ltd. Integrated Report 201878