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Revision of Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2022

August 5,2022

IWATA, August 5,2022 —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 February 10, 2022 for its consolidated business results for the full fiscal year ending December 31, 2022.

1) Revisions to Consolidated Business Results Forecast
(January 1, 2022 through December 31, 2022)

(1) Revision Content

Net Sales Operating Income Ordinary Income Net Income
Attributable to
Owners of Parent
Earnings per
Share
Original Forecast (A)
(Announced February 10, 2022)

Billion Yen
2,000

Billion Yen
190

Billion Yen
190

Billion Yen
130

Yen
375.87

Revised Forecast (B)

2,200

200

210

145

425.15

Amount of change (B-A)

200

10

20

15

-

Percentage change (%)

10.0

5.3

10.5

11.5

-

Reference:
Results from previous fiscal year ended December 31, 2021

1,812.496

182.342

189.407

155.578

445.67

(2)Reasons for the Revision

For the remainder of the fiscal year ending December 31, 2022, a favorable business environment is expected to continue, despite supply issues such as the shortage of semiconductors and other parts and the impacts of soaring raw material prices.
In light of continued cost reductions and the depreciating trend of the yen, the Company has revised its forecasts for net sales and various incomes as above.

In terms of dividends for this fiscal year, the Company has decided to maintain the full-year dividend forecast of 115 yen per share and pay an interim dividend of 57.5 yen per share due to the acquisition of 20.0 billion yen of treasury stock during the second quarter of the consolidated accounting period.

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