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[[{“value”:”Yamaha recently released its first half of 2024 financial results. When the data was in, the Yamaha’s motorcycle segment was a large part of its 2024 year to date successes. In the first half of 2024, Yamaha set new records for revenue and income for the second year running. In what they called their core business, motorcycles, the Iwata firm said increased sales of its premium models in emerging markets “…and other factors…” led them to posting higher revenue and profits.
Yamaha’s Motos Drive Revenue And Profit
Yamaha said that it expects that its motorcycle business to continue to perform well. It also said that their new large outboard motor models were seeing significant interest, but they still expected to see marine products demand decline. It was a similar story for their recreational vehicles and Smart Power vehicles. The company said inventory adjustments would lead to prolonged production cutbacks. Further, they said that they would “…continue to work toward inventory optimization, including making production adjustments that take demand levels and sales conditions into account.” Basically, they are saying that production for areas other than motorcycles may be limited for the remainder of the year.
Business Results
Revenues for the first half of the year were ¥1,348.4B yen (~$9.195B) which equates to a ¥98.6B (~$672M) or 12.4% more than the same period of last year. For the motorcycle business, unit sales rose in markets like the US and Europe, which eclipsed last year’s numbers as well. In addition, demand in what Yamaha classifies as emerging markets like Brazil, India, and Indonesia also went up resulting in an increase in unit sales in Brazil and India, along with higher unit prices. Yamaha went on to say that that the record profits were in part reflective of higher revenues, improved sales of premium segment models in emerging markets, cost reductions, and the “benefit” of a weaker yen.
The post Yamaha’s Motos Boost Company’s 2024 First Half Results appeared first on Adventure Rider.”}]]
