Yamaha Returns To Black In 2010


Yamaha Fazer 8 2011Yamaha Motor Co. said Tuesday that it returned to profitability in the year ended December, buoyed by robust demand for motorcycles in emerging Asian economies such as Indonesia and Vietnam.

The Japanese motorcycle maker posted a net profit of 18.30 billion yen, a turnaround from a net loss of 216.15 billion yen in 2009, saying cost reduction measures also helped to shore up its net profit.

 



Sales rose 12.2 percent to 1.29 trillion yen, the company said.

For 2011, Yamaha is forecasting a 9.3 percent rise in net profit to 20 billion yen on sales of 1.35 trillion yen, up 4.3 percent, expecting sales to grow mainly in emerging Asian economies.

While the company will invest around 9.5 billion yen to ramp up production capacity for two-wheel vehicles in Indonesia, Yamaha said it has proposed shutting down its factory in Spain to its labor union as its motorcycle business in developed countries remains sluggish.

via Mainichi