kabutan

Yamaha Motor, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 58% Decrease

Tue Aug 5, 2025 1:00 pm JST Earnings

7272 Yamaha Motor Co., Ltd. 【J-GAAP】

Earnings Report

Yamaha Motor Co., Ltd. <7272> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on August 5th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 52.9% from the same period last year to 53.1 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 67.9%, from the previous forecast of 140 billion yen to 45.0 billion yen (compared to 108 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 58.4% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the July to December period (second half) is expected to expand to a loss of 8.10 billion yen (compared to a loss of 4.78 billion yen in the same period last year).

In the most recent three-month period, from April to June (2Q), the consolidated net income significantly dropped to 22.4 billion yen, a 60.6% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.8% in the same period last year to 6.2%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 1,226,403 141,493 140,717 103,291 102.0 59.6 Aug 8, 2023 IFRS
Jan - Jun, 2024 1,348,443 154,055 154,109 112,858 114.6 84.1 Aug 6, 2024 IFRS
Jan - Jun, 2025 1,277,820 84,095 82,920 53,106 54.6 ー Aug 5, 2025 IFRS
YoY -5.2% -45.4% -46.2% -52.9% -52.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 25 Feb 12, 2025 IFRS
Jan - Jun, 2025 Results 1,277,820 84,095 82,920 53,106 54.6 25 Aug 5, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,700,000 230,000 ー 140,000 144.3 50 Feb 12, 2025 IFRS
Dec, 2025 New 2,570,000 120,000 ー 45,000 46.4 50 Aug 5, 2025 IFRS
Revision Rate -4.8% -47.8% － -67.9% -67.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,227,736 27,460 29,066 -4,789 -4.9 25 Feb 12, 2025 IFRS
Jul - Dec, 2025 Guidance 1,292,180 35,905 ー -8,106 -8.4 25 Aug 5, 2025 IFRS
YoY +5.2% +30.8% － -69.3% -71.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,414,759 243,920 236,073 158,421 163.6 48.33 Feb 14, 2024 IFRS
Dec, 2024 2,576,179 181,515 183,175 108,069 110.1 50 Feb 12, 2025 IFRS
Dec, 2025 Guidance 2,570,000 120,000 ー 45,000 46.4 50 Aug 5, 2025 IFRS
YoY -0.2% -33.9% － -58.4% -57.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 706,378 76,089 77,100 56,885 57.8 10.8 Aug 6, 2024 IFRS
Jul - Sep, 2024 628,425 46,929 40,662 23,205 23.6 7.5 Nov 6, 2024 IFRS
Oct - Dec, 2024 599,311 -19,469 -11,596 -27,994 -28.5 -3.2 Feb 12, 2025 IFRS
Jan - Mar, 2025 625,947 43,569 45,405 30,672 31.5 7.0 May 13, 2025 IFRS
Apr - Jun, 2025 651,873 40,526 37,515 22,434 23.1 6.2 Aug 5, 2025 IFRS
YoY -7.7% -46.7% -51.3% -60.6% -60.1%

Related Articles