YAMAHA PROFITS FALL ON WEAK MOTORCYCLE DEMAND
April 25 2008.

Yamaha Motor Co. announced today that its group net profit for the January-March quarter fell 12%, hit by weak motorcycle sales in North America and Europe and a stronger yen.

The world's second-largest motorcycle maker by sales volume after Honda Motor Co. said its group net profit declined to Y22.23 billion in the three months ended March 31 from Y25.16 billion a year earlier, while its group sales fell 9.0% to Y412.93 billion from Y453.85 billion a year earlier.

For 2008, Yamaha kept its net profit forecast of Y59 billion and revenue projection of Y1.830 trillion.

Yamaha released the results after the morning close of the Tokyo stock market.

The company's shares were up 0.6% at Y1,999.


Source: Nikkei Net