Yamaha Revenue Down 3.9% Through September

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Japan’s Yamaha Motor Co., Ltd. says revenue for the first nine months of the year totaled $13.022 billion (¥1.282 trillion), down 3.9 percent from the same nine-month period in 2007. The company says sales dropped in North America, Europe and Japan due to slow demand and a planned drop in stocks, but grew in Asian nations like Indonesia, Thailand and “other Areas” like Brazil.

Broken down by business segment, motorcycle revenue increased 2.6 percent from the same period of the previous year, to $8.405 billion (¥828 billion), due to increases in Asia but impacted by reduced sales in Europe, the United States and Japan; Marine product revenue declined 12.7 percent, to $2.007 billion (¥197.7 billion), reflecting sluggish outboard motor and personal watercraft sales in the United States; and power product revenue fell 17 percent, to $1.612 billion (¥158.9 billion), due to a sales decline for all-terrain vehicles and other products in the United States.

Yamaha says it sold 4,407,000 motorcycles to distributors worldwide during the first nine months of the year, up 15.5 percent from sales of 3,724,000 units during the same nine-month period in 2007.

Broken down by region, the OEM sold 117,000 motorcycles to North America during the first nine months of the year, down 20.9 percent from 148,000 units during the same nine-month period last year; 303,000 units to Europe, down 11.1 percent from 341,000 units; and 96,000 units in Japan, down 23.2 percent from 125,000 units.

Sales to Asia resulted in 3,506,000 units, up 20.7 percent from 2,780,000 units; and 384,000 units in other areas, up 14.3 percent from 329,000 units.

For the year ending Dec. 31, Yamaha forecasts net sales of $17.447 billion (¥1.720 trillion yen), down 2.1 percent from the previous year. Yamaha expects to sell about 6,166,000 motorcycles to distributors worldwide this year. The company expects to sell about 174,000 units to North America.