February 9th 2005. Yamaha Motor Co. has posted a group net profit of Y38.15 billion for period from April to December.

That figure is 95 per cent of the Y40.12 billion in group net profit that it posted in the last fiscal year, ended March 2004.

The Japanese motorcycle maker had group sales of 1.012 trillion, a group operating profit of Y70.14 billion and a group pretax profit of Y70.39 billion in the nine months ended Dec. 31.

The company did not provide year-earlier figures for the nine-month period.

As of this year, Yamaha Motors has changed its earnings term to match the calendar year. Its last business year ran from April through December.

For 2005, the company left unchanged its earnings outlook that it released last month when it unveiled its midterm business plan.

Yamaha Motor, based in Shizuoka Prefecture, central Japan, expects a group operating profit of Y90 billion, a group net profit of Y47 billion and group sales of Y1.230 trillion for this fiscal year.

For the first half through June, the motorcycle maker is forecasting a group net profit of Y24 billion on group sales of Y620 billion.

In the April to December period, motorcycle sales totaled 3.06 million units, up from 2.681 million motorcycles that it sold in the fiscal year ended March 2004.

Sales in Asia excluding Japan topped sales in that region in the fiscal year ended last March thanks to increased sales of small motorcycles in Indonesia and Thailand.

Sales in Europe in the nine-month period also exceeded its European sales in the full year ended last March.

Under its midterm business plan, the company will aim for a group net profit of Y64 billion on group sales of Y1.450 trillion in 2007 by focusing on operations in Asia over the next three years.

Source: Nikkei Net