Yamaha has just given us a look at the results for the first half of their FY2023 – and they’ve just beaten their personal best for this Q2.
According to Yamaha’s press release, the success is partially due to “the benefits of a weaker yen and greater effects from passing on costs,” all of which brought in bigger profits. Demand in Europe and Asia stayed strong, while Asia celebrated an increase in demand for bikes – predictable, but fantastic for Yamaha’s pocket portfolio.
Here are the Q1 + Q2 results for Yamaha’s FY2023:
| Net Sales | Operating income |
| ¥795 billion ($5.53 billion USD) | ¥69.4 billion ($483 million USD) |
| +15.4% compared with the same period of the previous fiscal year | +88.9% compared with the same period of the previous fiscal year |
Yamaha’s R7. Media sourced from Yamaha.These show new records for Yammie’s net sales and incomes, with CEO Yoshihiro Hidaka citing higher demand as the reason for the bangin’ sales units.
Keep in mind, these figures are under “Land Mobility Business,” which includes motorcycles AND the following:
- All-terrain vehicles (ATVs)
- ROVs
- Snowmobiles
- Smart Power Vehicles (SPV)
- Electric wheelchairs
- Electrically power-assisted bicycles
Hidaka does state here that the company’s pull from snowmobile markets is an “eventual” thing; meantime, Yamaha Moor Company is seriously considering begun considering a “possible merger with our consolidated subsidiary, Yamaha Motor Electronics Co., Ltd.” The latter makes anything from geared motors to electric parts for snowmobiles and engines, though the move may eventually serve Yammie’s electric future in some other way…
“Going forward, we will direct our management resources not only on our core businesses but also on creating and expanding the new businesses that will be the seeds of our next stages of growth, and strive to further bolster our corporate resilience in order to continue growing even amidst highly unpredictable business environments,” finishes Hidaka.
What do you think of Yamaha’s Q1 +Q2 results for their FY2023?