Yamaha Worldwide Cycle Sales Up 16.5%

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Yamaha Motor Co., Ltd. says its sales during the first nine months of the year totaled 1.335 trillion yen ($11.6 billion), up 13.6 percent from the same nine-month period in 2006. Net income climbed 13.2 percent to 67.5 billion yen ($588.4 million).

Yamaha says motorcycle revenue for the first nine months of the year totaled 807.2 billion yen ($7.03 billion), up 16.5 percent from the previous nine-month period. Revenue from the company's power products business, which includes ATVs and Rhino side-by-side utility vehicles, totaled 191.5 billion yen ($1.67 billion) and represented growth of 14.5 percent.

The OEM's global motorcycle sales were led mainly by favorable results in Indonesia, Vietnam and Brazil. In the U.S., motorcycle and ATV sales fell while side-by-side sales grew.

Yamaha anticipates ending the year with net sales up 7.5 percent to 1,700 billion yen ($14.8 billion) and net income up 2.9 percent to 79.5 billion yen ($693.2 million).