Notifications regarding the Revision of Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2018
October 31, 2018
Yamaha Motor Co., Ltd. (Tokyo: 7272) hereby announces that, at the Board of Directors meeting on October 31, 2018, the Company has determined to revise as follows the forecast consolidated business results for the fiscal year ending December 31, 2018.
There are no changes to the forecast dividend for the year.
1．Revised Forecast Consolidated Business Results for the Fiscal Year
(January 1, 2018 through December 31, 2018)
Net Sales |
Operating |
Ordinary |
Net Income |
Net income |
|
|---|---|---|---|---|---|
(million yen) |
(yen) |
||||
Previously-announced |
1,700,000 |
150,000 |
155,000 |
103,000 |
294.93 |
New revised forecast (B) |
1,650,000 |
143,000 |
140,000 |
95,000 |
272.03 |
Amount of change (B-A) |
-50,000 |
-7,000 |
-15,000 |
-8,000 |
|
Percentage change (%) |
-2.9 |
-4.7 |
-9.7 |
-7.8 |
|
Reference: |
1,670,090 |
149,782 |
154,826 |
101,603 |
290.93 |
2. Reasons for revision of forecast business results
Net sales are expected to be below the previously-announced forecast due to a decrease in unit sales in the developed markets motorcycle business, and operating income is expected to be below the previously-announced forecast due to decreased income in the emerging markets motorcycle business, the effects of emerging market currency depreciation, and increased raw material costs, etc. In addition, ordinary income is expected to be below the previously-announced forecast due to foreign exchange losses caused by emerging market currency depreciation.
Exchange rates
Actual exchange rates for the previous consolidated fiscal year |
Previously-announced forecasts |
New revised forecast |
|
|---|---|---|---|
(U.S. dollar / euro) |
112 / 127 |
105 / 130 |
(4th quarter) |
(Indonesian rupiah and Brazilian real v.s. U.S. dollar) |
13,400 / 3.2 |
13,300 / 3.3 |
(4th quarter) |
Regarding dividends for the period, the forecast dividend for the year will be maintained at the initial forecast of 90 yen per share, and the final dividend will therefore be 45 yen per share.
