Key Facts
• August 5, Yamaha Motor revised its 2025 full-year operating profit forecast to ¥120 billion.
• This marks a 33.9% year-on-year decrease from the previous forecast of ¥230 billion.
• Motorcycle production and shipments in Vietnam faced temporary halts in the first half of 2025.
• Sales in India declined, while U.S. marine demand fell below expectations.
• Additional U.S. tariffs and Indonesia’s auto tax hike are expected to impact profits in the second half.
• Full-year revenue forecast was reduced by 0.2% to ¥2.57 trillion (previously ¥2.7 trillion).
• Net profit forecast dropped 58.4% to ¥45 billion (previously ¥140 billion).
• First-half 2025 results: revenue fell 5.2% to ¥1.28 trillion, operating profit dropped 45.4% to ¥84 billion, and net profit declined 52.9% to ¥53.1 billion.
• Dividend forecast remains unchanged at ¥50 per share.
Summary
Yamaha Motor has revised its 2025 full-year operating profit forecast to ¥120 billion, a 33.9% decrease from the previous year, citing challenges in its motorcycle and marine businesses. Temporary production halts in Vietnam, declining sales in India, and weaker-than-expected U.S. marine demand contributed to the adjustment. Additional U.S. tariffs and Indonesia’s auto tax hike are expected to further impact profits in the second half. Revenue and net profit forecasts were also reduced to ¥2.57 trillion and ¥45 billion, respectively. Despite these challenges, the company maintained its dividend forecast at ¥50 per share.
