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Sales and Profits for the Third Quarter (January 1, 2006 through September 30, 2006) Exceeded the Figures for the Same Quarter in 2005 |
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Consolidated Business Results for the Third Quarter Ended September 30, 2006 |
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Consolidated business results for Yamaha Motor Company (the “Company”) for the third quarter ended September 30, 2006 were 1,175.0 billion yen in net sales, 90.1 billion yen in operating income, 94.7 billion yen in recurring profit and 59.6 billion yen in net income. Both sales and profits for the third quarter (January 1, 2006 through September 30, 2006) exceeded those in the third quarter of 2005 (“previous same period”). |
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Compared with the results for the previous same period, net sales, operating income, recurring profit and net income for the third quarter ended September 30, 2006 all rose significantly: by 17.4 percent, 11.5 percent, 17.5 percent and 11.3 percent, respectively. On the foreign exchange front, the average purchasing value of the yen against the U.S. dollar during the period under review depreciated by eight yen from the value in the previous same period, to 114 yen, and dropped by three yen against the euro from the previous same period, to 139 yen. |
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Broken down by business segment, motorcycle sales totaled 693.1 billion yen -- up 24.5 percent from the previous same period -- due mainly to robust sales in Asia (excluding Japan) and Latin America. Marine product sales amounted to 202.5 billion yen -- up 8.2 percent from the previous same period -- reflecting favorable sales of personal watercraft in the United States and outboard motors in Europe. Power product sales were 167.2 billion yen -- up 8.6 percent from the previous same period -- led by a significant sales expansion for side-by-side vehicles in the United States, although sales for all-terrain vehicles in the United States decreased during the period. Sales in the “other products” segment reached 112.2 billion yen -- up 8.4 percent from the previous same period -- driven by a sales increase in the IM (Intelligent Machinery) business, consisting primarily of surface mounters and other industrial robots. Thus, sales grew in all business segments. |
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Meanwhile, in terms of profit, operating income from the motorcycle business totaled 38.4 billion yen, up 28.2 percent from the previous same period. Operating income from the marine product business amounted to 20.4 billion yen, up 5.8 percent from the previous same period. In the power product business, operating income reached 16.4 billion yen -- down 6.8 percent from the previous same period -- while operating income from the “other products” business was 14.8 billion yen, up 6.8 percent from the previous same period. Major factors affecting operating income include an increase in selling, general and administrative expenses totaling 24.3 billion yen from the previous same period; the negative impact resulting from a change in the product mix and related factors totaling 25.4 billion yen more than the previous same period; and hikes in raw material prices of 9.6 billion yen above the previous same period. There was also a positive impact on exchange translation amounting to 33.7 billion yen; an increase in gross profit due to sales expansion amounting to 27.1 billion yen; and cost reductions in procurement operations totaling 7.8 billion yen, representing improvements from the previous same period. |
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Effective from the period under review, the Company changed the accounting status of YMSJ Co., Ltd. and other group companies, making them consolidated subsidiaries. Consequently, the number of consolidated subsidiaries stood at 111, an increase of 13 from the previous fiscal year-end, while the number of companies accounted for by the equity method was 43, a decrease of eight from the previous fiscal year-end. |
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The Company has not changed its full-year forecast consolidated business results for the fiscal year ending December 31, 2006 from the figures officially announced August 1, 2006 with the release of the consolidated business results for the first half of the fiscal year ending December 31, 2006. |
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