Revision of Forecasts for Consolidated Business Results and Year-End Dividends for the Fiscal Year Ending December 31, 2021 and Interim Dividend Payment Decision

IWATA, August 5，2021—Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announces that at the Board of Directors meeting held today, the Company has decided to revise the forecasts announced on May 14, 2021 for its consolidated business results and year-end dividends for the 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 Revisions

For the remainder of the fiscal year ending December 31, 2021, the favorable business environment is expected to continue, despite the impacts from the shortage of semiconductors and other parts, soaring raw material prices, and the resurgence of COVID-19 infections in Indonesia and other countries.

Amid such a business environment, the Company has revised its forecasts for net sales and various incomes as above in light of the higher-than-expected recovery in sales, continued cost reductions, and the depreciation of the yen. Note that this revised forecast does not reflect the effects of global lockdowns due to the rising spread of new coronavirus variants.

2. Revisions to Year-End Dividends

(1) Revision Content

(2) Reasons for the Revisions

In line with the revisions made to the consolidated business results forecast for the fiscal year ending December 31, 2021, the forecast for year-end dividends was revised accordingly, and the Company has also decided on an interim dividend payment of 50 yen per share.