Revision of Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2021
November 8，2021
IWATA, November 8，2021 —Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announces that at the Board of Directors meeting held today, the Company has decided to revise the forecast announced on August 5, 2021 for its consolidated business results for the full fiscal year ending December 31, 2021.
1. Revisions to Consolidated Business Results Forecast
(January 1, 2021 through December 31, 2021)
| Net Sales | Operating Income | Ordinary Income | Net Income Attributable to Owners of Parent |
Earnings per Share |
|
|---|---|---|---|---|---|
| Original forecast (A) (announced August 5, 2021) |
Billion Yen |
Billion Yen |
Billion Yen |
Billion Yen |
Yen |
| Revised Forecast (B) | 1,800.0 |
172.0 |
178.0 |
145.0 |
415.61 |
| Amount of change (B-A) | -50.0 |
12.0 |
13.0 |
33.0 |
- |
| Percentage change (%) | -2.7 |
7.5 |
7.9 |
29.5 |
- |
| Reference: Results from previous fiscal year ended December 31, 2020 |
1,471.298 |
81.672 |
87.668 |
53.072 |
151.89 |
（2）Reasons for the Revision
For the remainder of the fiscal year ending December 31, 2021, net sales are expected to be lower than the previous forecast due to the impact of lost sales opportunities from the shortage of semiconductors and other parts, and the effects of COVID-19 cases resurging in Southeast Asia and other regions.
On the other hand, operating income is expected to exceed the previous forecast despite the effects of the abovementioned net sales decrease by implementing even further cost reductions.
Note that there are no changes to the forecast year-end dividends.
