Yamaha Motor : Revision of Forecasts for Consolidated Business Results for the Fiscal Year Ending December 31, 2024
February 3, 2025
IWATA, February 3, 2025 - Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announced that at the Board of Directors meeting held today, the Company resolved to revise its consolidated business results forecast for the fiscal year ending December 31, 2024 (January 1, 2024 - December 31, 2024), announced on November 6, 2024. This revision reflects the latest business performance trends and other relevant factors.
Additionally, starting from this fiscal year, the Company has adopted International Financial Reporting Standards (IFRS), and the figures for the previous fiscal year have also been recalculated based on IFRS.
1. Revision of Consolidated Business Results Forecast for this Fiscal Year
(January 1, 2024 through December 31, 2024)
2. Reasons for the Revision
Regarding the Consolidated Business Results Forecast for the Full Fiscal Year Ending December 2024, Yamaha Motor has revised each figure as stated above due to impairment losses on certain fixed assets of unprofitable businesses associated with year-end accounting procedures, as well as a decline in sales in core businesses.
The exchange rates for the full year are estimated at 152 yen for the US dollar (2 yen weaker than the previous forecast, 11 yen weaker year-on-year), and 164 yen for the euro (unchanged from the previous forecast, 12 JPY weaker year-on-year)
There are no changes to the annual dividend forecast.
Additionally, starting from this fiscal year, the Company has adopted International Financial Reporting Standards (IFRS), and the figures for the previous fiscal year have also been recalculated based on IFRS.
1. Revision of Consolidated Business Results Forecast for this Fiscal Year
(January 1, 2024 through December 31, 2024)
2. Reasons for the Revision
Regarding the Consolidated Business Results Forecast for the Full Fiscal Year Ending December 2024, Yamaha Motor has revised each figure as stated above due to impairment losses on certain fixed assets of unprofitable businesses associated with year-end accounting procedures, as well as a decline in sales in core businesses.
The exchange rates for the full year are estimated at 152 yen for the US dollar (2 yen weaker than the previous forecast, 11 yen weaker year-on-year), and 164 yen for the euro (unchanged from the previous forecast, 12 JPY weaker year-on-year)
There are no changes to the annual dividend forecast.
