April 26 2007.

Yamaha Motor Co. has today announced that its group net profit fell 10% on year in January-March, due a heavier tax burden, but strong sales of motorcycles in Asia and Europe gave a boost to its business.

The Japanese company posted a group net profit of Y25.16 billion for its fiscal first quarter, down from Y28.09 billion a year earlier.

Its group operating profit edged up 0.6% to Y37.20 billion from Y36.97 billion. Its group sales rose 14% to Y453.85 billion from Y398.92 billion.

Source: Nikkienet