Yamaha Motor's Operating Income Rises 38%

          Yamaha Motor Co., Ltd. (Tokyo: 7272) announced on February 9 that operating income for the fiscal year ended December 31, 2015, soared 38.0 percent to 120.4 billion yen and net sales rose 6.2 percent to 1,615.4 billion yen.

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          Ordinary income climbed 28.7 percent to 125.2 billion yen while net income was down 12.3% at 60.0 billion yen.

          Sales and income were strong in developed markets. Increases were recorded with global and higher-priced models in the motorcycle segment, large models (and due to the effect of the yen's depreciation) in the marine segment, and recreational off-highway vehicle (ROV) models in the power-product segment.

          For 2016, Yamaha Motor forecasts net sales rising 5.2 percent to 1,700.0 billion yen and net income climbing 33.3 percent to 80.0 billion yen. Operating income and ordinary income are forecast to decrease 0.4 percent and 0.2 percent, respectively.

          Source: Yamaha Motor Co., Ltd.