Press release -

Revision of Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2021

IWATA, November 8，2021 - Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announces that at the Board of Directors meeting held today, the Company has decided to revise the forecast announced on August 5, 2021 for its consolidated business results for the full fiscal year ending December 31, 2021.

 

1. Revisions to Consolidated Business Results Forecast
(January 1, 2021 through December 31, 2021)

(1) Revision Content

 

(2) Reasons for the Revision

For the remainder of the fiscal year ending December 31, 2021, net sales are expected to be lower than the previous forecast due to the impact of lost sales opportunities from the shortage of semiconductors and other parts, and the effects of COVID-19 cases resurging in Southeast Asia and other regions.
On the other hand, operating income is expected to exceed the previous forecast despite the effects of the abovementioned net sales decrease by implementing even further cost reductions.
Note that there are no changes to the forecast year-end dividends.

 

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Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles, marine products, power products and robotics.

Yamaha Motor (TOKYO: 7272) is a world-leading enterprise manufacturing land-mobility such as motorcycles, all-terrain vehicles, and electrically power assisted bicycles, marine products such as boats and outboard motors, robotics products such as surface mounters and drones, as well as engagement in the finance business. The company's diverse businesses and wide variety of products are built around its proprietary technologies focused on powertrain, chassis and hull, electronic control, and manufacturing technologies. Yamaha Motor operates global development, production and sales networks through 140 subsidiaries and equity-method affiliates in 30 countries and regions, working to realize our Corporate Mission of being s "Kando* Creating Company."
About 90% of consolidated net sales are generated in more than 180 countries and regions outside of Japan.
Please visit http://global.yamaha-motor.com.

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