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Yamaha Motor (7272) investor relations material
Yamaha Motor Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2026 Q1–Q3 revenue reached ¥2,215.2bn and operating profit ¥235.2bn, both period records; profit growth reflected higher sales, cost control, favorable FX and a U.S. asset-sale gain.
Motorcycle sales rose in ASEAN and India, robotics sales grew across businesses, and market inventories were slightly below internally defined appropriate levels.
Financial highlights
Revenue was ¥2,215.2bn versus ¥1,910.3bn; operating profit was ¥235.2bn versus ¥112.2bn.
Profit attributable to owners was ¥173.4bn, up 301.0% YoY; basic EPS was ¥178.66 versus ¥44.51.
Operating profit ratio rose to 10.6% from 5.9%, up 4.7 percentage points.
Operating profit factors: sales effects +¥91.7bn, net cost impact -¥36.9bn, R&D reductions +¥11.3bn, SG&A reductions +¥4.2bn, FX +¥43.2bn and tariffs -¥18.7bn.
Q1–Q3 operating profit included ~¥16.0bn from the sale of U.S. subsidiary assets.
Outlook and guidance
FY2026 forecast unchanged: revenue ¥2,900.0bn, operating profit ¥260.0bn, attributable profit ¥170.0bn and EPS ¥175.16.
Yen appreciation, U.S. tariffs and structural-reform costs are expected to weigh on results, offset by sales growth, price pass-throughs and expense reductions; record full-year profit remains targeted.
Year-end dividend forecast increased by ¥10 to ¥35 per share, taking the FY2026 annual dividend to ¥60 per share.
- Advanced automation and AI-driven semiconductor demand fuel rapid, profitable global growth.7272
Investor presentation - Record-high revenue and profit expected for the year, driven by strong sales and cost controls.7272
Q2 2026 - 2025 sales hit ¥25,342B, with growth focused on robotics, marine, and premium mobility.7272
Investor presentation - Revenue and profit surged, driven by motorcycles, with procurement and tariff risks ongoing.7272
Q1 2026 - Sharp 2025 profit drop, but strong 2026 recovery forecast on cost reforms and core growth.7272
Q4 2025 - Profits fell over 50% YoY as sales weakened and costs rose, but dividends remain stable.7272
Q2 2025 - Revenue up on motorcycles, profit down on FX; outlook cut as marine and RV lag.7272
Q3 2024 - First-half profit and revenue grew over 10%, with marine electrification advancing via Torqeedo.7272
Q2 2024 - Revenue and profit fell on lower sales and higher costs, but growth initiatives continue.7272
Q1 2025
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