Revision to Forecast of Consolidated Business Results - First Nine Months of Fiscal Year Ending December 31, 2024 -
November 6, 2024
IWATA, November 6, 2024 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that, at a meeting of the Board of Directors held on November 6, 2024, the Company resolved to revise its Forecast of Consolidated Business Results for the First Nine Months of Fiscal Year Ending December 31, 2024 (January 1, 2024 through December 31, 2024), announced on February 14, 2024, in light of the latest performance trends and other factors.
In addition, from this fiscal year, the Company has applied International Financial Reporting Standards (IFRS), and as such, figures from fiscal 2023 are also based on IFRS standards.
1. Revision to Forecast of Consolidated Business Results (January 1,2024 to December 31, 2024)
2. Reason for the revision
In light of the worsening market conditions the Marine Product, RV, SPV, and Robotics businesses are facing, as well as inventory write-downs for the SPV business and others, the Company has made the following downward revisions to its incomes forecast for fiscal 2024.
The above figures are based on the U.S. dollar trading at 150 yen during the fiscal year (a depreciation of 10 yen from the original forecast and a depreciation of 9 yen compared with the same period of the previous fiscal year) and the euro at 164 yen (a depreciation of 14 yen and 12 yen).
No changes have been made to the annual dividend forecast.
In addition, from this fiscal year, the Company has applied International Financial Reporting Standards (IFRS), and as such, figures from fiscal 2023 are also based on IFRS standards.
1. Revision to Forecast of Consolidated Business Results (January 1,2024 to December 31, 2024)
2. Reason for the revision
In light of the worsening market conditions the Marine Product, RV, SPV, and Robotics businesses are facing, as well as inventory write-downs for the SPV business and others, the Company has made the following downward revisions to its incomes forecast for fiscal 2024.
The above figures are based on the U.S. dollar trading at 150 yen during the fiscal year (a depreciation of 10 yen from the original forecast and a depreciation of 9 yen compared with the same period of the previous fiscal year) and the euro at 164 yen (a depreciation of 14 yen and 12 yen).
No changes have been made to the annual dividend forecast.
