YAMAHA POSTS RECORD PROFITS
Yamaha Motor Co. announced on Tuesday that its group operating profit for the year ended Dec. 31 soared to a record 103.3 billion yen, helped by higher sales of motorcycles, outboard motors and auto engines.
Sales totaled 1.37 trillion yen. Yamaha Motor's fiscal 2004 had only nine months due to the change it made on its settlement period.
If compared with the results for the January-December period of 2004, its fiscal 2005 operating profit and sales represented 16% and 17% growth, respectively.
Its motorcycle operation posted substantial gains in small-vehicle sales in Southeast Asia, including Indonesia, Thailand and Vietnam. Larger bikes sold well in the U.S. Its global bike sales effectively jumped 21% to 3.84 million units.
Pretax profit hit 103.1 billion yen and net profit reached 64 billion yen, both record levels.
As for its alleged illegal export of an unmanned helicopter to China, "I don't think our overall performance will be affected," said President Takashi Kajikawa.
For the year ending December, it projects sales rising 5% to 1.45 trillion yen, operating profit surging 11% to 115 billion yen and net profit edging up 2% to 65 billion yen.

Source: The Nihon Keizai Shimbun