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NEWS
Yamaha's profit soars in 2011
But sluggish profits are expected in 2012 on the back of rising R&D costs, accelerated depreciation and the continued appreciation of the yenYamaha Motor Company’s net profit soared by nearly half in 2011, based on factors such as continued cost cutting measures, structural reforms and an increase in sales.
Yamaha, the world's second biggest motorcycle maker by volume after Honda Motor Co, posted a net profit of Y27 billion ($A315m) last year, up 47 percent from Y18 billion ($A210m) in 2010.
In the motorcycle segment, shipments increased in emerging markets such as Vietnam, India and Central and South America, but decreased in markets such as Indonesia and Thailand due to the impact of the floods in Thailand. As for developed markets, there were increases in the U.S and Japan, but there was a decrease in Europe due to a drop in demand.
But in 2012, Yamaha doesn’t expect the party to continue, and is forecasting net profit -- based on the assumption that the US dollar will trade at 77 yen during the period -- to drop 37 percent to Y17 billion ($A198m). Sales are expected to increase by 9.7 percent, with new motorcycle releases in emerging markets expected to form a key part of that rise.
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