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Upward Revision of Forecast Non-Consolidated Business Results for the First Half of Fiscal 2005 (January 1, 2005 to June 30, 2005)

JULY 19, 2005

Yamaha Motor Co., Ltd. (the Company) has revised its forecast non-consolidated business results for the first half of fiscal 2005 (January 1, 2005 to June 30, 2005). The original forecasts were released on February 8, 2005.

1) Revised Forecast Non-Consolidated Business Results for the First Half of Fiscal 2005, Ending December 31, 2005

(January 1, 2005 to June 30, 2005)

Millions of yen

 
Net sales
Recurring profit
Net income
Previous forecasts (A)
(released February 8, 2005)
320,000
9,000
6,500
Revised forecasts (B)
363,000
11,000
7,800
Amount of change (B-A)
43,000
2,000
1,300
Ratio of change [(B-A)/A] (%)
+13.4%
+22.2%
+20.0%
(Reference)
Results for the first half of fiscal 2004, ended December 31, 2004
324,030
7,388
6,539

*The Company changed its annual closing date from March 31 to December 31, effective in the fiscal period ended December 31, 2004. Accordingly, the Company’s accounting period for the first half of the fiscal period ended December 31, 2004 corresponded to April 1, 2004 through September 30, 2004.

2) Main Reasons for the Upward Revision

The upward revision of the forecasts is due mainly to higher sales than the Company originally anticipated, reflecting sales expansions for Motorcycles, automobile engines, all-terrain vehicles in North America, outboard motors and products sold in the IM (Intelligent Machinery) business, centering on surface mounters.

 

Actual consolidated business results for the first half of fiscal 2005, ending December 31, 2005, are still being compiled. The figures are scheduled to be announced on July 28, 2005.


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