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Yamaha Motor, Net Income Forecast for Last Fiscal Year Revised Downward by 63%, Dividend Revised down by 15 Yen

Mon Feb 2, 2026 3:30 pm JST Revision

7272 Yamaha Motor Co., Ltd. 【IFRS】

Guidance Update Report

Yamaha Motor Co., Ltd. <7272> [TSE Prime] announced a revision to its performance and dividend after the market closed on February 2nd (15:30). The consolidated net income forecast for the fiscal year ending December 2025 has decreased 63.3%, from the previous forecast of 45.0 billion yen to 16.5 billion yen (compared to 108 billion yen in the previous period), leading to an increase in the profit decline rate from 58.4% to 84.7%. However, the full-year forecast for consolidated operating profit has been revised upward 5.0%, from the previous forecast of 120 billion yen to 126 billion yen (compared to 181 billion yen in the previous period), and the declining rate is expected to decrease from 33.9% to 30.6%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated net income/loss has been revised downward from an expected loss of 8.10 billion yen to a loss of 36.6 billion yen (compared to a loss of 4.78 billion yen in the same period of the previous year), indicating an expansion in the loss margin.

Due to a decline in performance, the company has significantly reduced its planned annual dividend for the last fiscal year from the original plan of 50 yen to 35 yen (compared to 50 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 1,292,180 35,905 ー -8,106 -8.4 25 Aug 5, 2025 IFRS
Jul - Dec, 2025 New 1,252,180 41,905 ー -36,606 -37.7 10 Feb 2, 2026 IFRS
Revision Rate -3.1% +16.7% － -351.6% -351.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,570,000 120,000 ー 45,000 46.4 50 Aug 5, 2025 IFRS
Dec, 2025 New 2,530,000 126,000 ー 16,500 17.0 35 Feb 2, 2026 IFRS
Revision Rate -1.6% +5.0% － -63.3% -63.4%

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 1,252,180 41,905 ー -36,606 -37.7 10 Feb 2, 2026 IFRS
YoY +2.0% +52.6% － -664.4% -672.3%

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 2,530,000 126,000 ー 16,500 17.0 35 Feb 2, 2026 IFRS
YoY -1.8% -30.6% － -84.7% -84.6%

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