Continuing from the first quarter, Yamaha says shipments were strong across nearly every one of its businesses, particularly the motorcycle business, and higher unit sales led to higher revenue.
Group half-yearly revenue rose by 17% to 1498bn yen (£7.13bn). Operating profit soared by 89% to 158.5bn yen (£753.83m). In detail, motorcycle revenue grew by 22% to 964.3bn yen (£4.59bn). Related operating profit was 88% up to 116bn yen (£552.16m).
In developed markets where operating profit ratios reached 12%, motorcycle revenue rose to 264.4bn yen (£1.26bn). Within that, Europe contributed 164 billion yen (£780.8m). Asian revenue delivered 518.9bn yen (£2.47bn). In Latin America and other emerging countries, motorcycle input was 181bn yen (£861.74m). Various other sources provided a further 193bn yen (£914.63m).
Half-year motorcycle unit sales volume totalled 2,762,000, a 13% increase. Some 2,157,000 of these came from various Asian sources, rising by 15%. European sales, with higher margins, grew by 7% to 136,000 units. North America, with a similar margin advantage, rose by 23% to 57,000. Latin America and other emerging markets put on a 4% increase to 377,000 units. The only disappointment was Japan’s domestic motorcycle and scooter market, which declined by 16% to 35,000. However, higher unit sales in major emerging markets – primarily India and ASEAN nations – had been noticeable.