YAMAHA PROFITS UP 21%
February 7 2007.
Yamaha Motor Co. has announced that its net profit jumped 21% to a record high in 2006, driven by a weaker yen and strong growth in earnings from buoyant sales of motorcycles.
The company posted a group net profit of Y77.23 billion for the year ended Dec. 31, up from Y64.02 billion in the previous year.
Its group operating profit surged 20% to Y123.53 billion from Y103.34 billion, with favorable foreign exchange rates contributing Y43.9 billion to those earnings.
Its group sales increased 15% to Y1.582 trillion from Y1.375 trillion, lifted by higher sales of motorcycles in southeast Asia and central and south America.
For the current year ending Dec. 31 2007, the Japanese company forecasts a group net profit of Y78.00 billion on group sales of Y1.650 trillion.

Source: Nikkienet