-  Medium-term Target Achieved One Year Ahead of Schedule -

Yamaha Motor Co., Ltd. (Tokyo: 7272) announced on February 12 that consolidated operating income in the fiscal year ending December 31, 2014 surged 58.2% to 87.2 billion yen, or about 730 million USD, thanks to consecutive annual increases in both sales and all income categories. The company achieved its 2013-2015 medium-term target of 80 billion yen in operating income one year ahead of schedule.

(Video of the CEO's presentation: http://youtu.be/NVDo8MEKC2U)

(Photos & materials: www.image.net/ymc_fyresults_2014 )

Net sales rose 7.9% to 1,521.2 billion yen, or 12.8 billion USD, with increases achieved in all business segments, including motorcycles, marine products, power products, industrial machinery & robots, and other products. Increased sales were supported by expanded product lineups, including products in higher price ranges, and the effects of the yen's depreciation.

Global net sales of motorcycles came to 977.6 billion yen, up 49.4 billion yen, and operating income was 22.9 billion yen, an increase of 14.6 billion yen. In developed markets, sales increased 13% thanks to a rebound in overall demand and new product launches. In emerging markets, sales in India rose 23% thanks to increased demand and new product launches, while ASEAN region sales fell 9% due to decreased demand and reduced product competitiveness. Overall, unit sales totaled 5.8 million motorcycles, down 4%.

Net sales of marine products such as boats rose 13.6% to 276.4 billion yen and operating income soared 44.1% to 45.8 billion yen.

For the year, the U.S. dollar traded at 106 yen, up 8 yen from the previous fiscal year, and the euro at 140 yen, up 10 yen.

Source: Yamaha Motor Co., Ltd.