February 14, 2013
Yamaha Motor Co., Ltd. has announced the following differences between its consolidated financial forecasts released on August 7, 2012, and the actual results for the full fiscal year ending December 31, 2012.
1.Differences between consolidated business forecasts and results for the full fiscal year ending December 31, 2012 (January 1, 2012 through December 31, 2012)
||Net income for the Year
||Net Income for the per share for the quarter
|Original forecast (A)
|Amount of change (B-A)
|Reference: Previous consolidated accounting year results for the full fiscal year ending December 31, 2011
2. Reason for differences between forecast and actual consolidated business results for the full fiscal year ending December 31, 2012
Sales of marine products (principally in the United States) and power products were greater than previously-announced forecasts, but as surface mounters and sales of motorcycles in emerging nations such as India and the ASEAN countries and decreased, sales overall were in line with previously-announced forecasts. However, in terms of profitability, operating income, ordinary income, and net income for the year were all lower than previously-announced forecasts. This is attributable to production adjustments designed to bring stock of motorcycles in emerging countries to optimum levels, a decline in surface mounter sales and rising costs.