YAMAHA PROFITS UP IN 2011 BUT FALL PREDICTED IN 2012
February 15 2012.

Yamaha has announced a net profit increase of 47% at Y26.96 billion for 2011, claiming cost-reduction efforts as the main reason for the change.

Overall sales fell by 1.4% due to the strong yen and a reduction in sales in the previously expanding Thailand and Indonesia markets following the floods in those areas. 

The company predicts a 37% drop in profits in 2012  with sales up by 9.7%.