Yamaha Motor Co. said Wednesday it posted record group pretax profits of 32.7 billion yen in fiscal 2001, up 30.3 percent from a year earlier.
The motorcycle maker also said its group sales rose 7.1 percent from the previous fiscal year to 946.8 billion yen, marking a record high for the third consecutive year.
The firm attributed the results to favorable sales of motorcycles and boat engines on overseas markets. The weakened yen was also cited in this regard.
Yamaha’s consolidated operating profits increased by 17.1 percent from last year to 37.2 billion yen, while its group net profits rose 25.3 percent to 9.5 billion yen.
The company sold 2.04 million motorcycles globally, including 1.83 million overseas. The firm’s sales grew in North and South America and Asia, although domestic sales declined.
It will pay a full-year dividend of 8 yen per share, including an interim dividend of 4 yen, which has already been paid. It paid the same full-year dividend a year earlier.
For the current business year, Yamaha expects to log another sales record, targeting group sales of 980 billion yen, up 3.5 percent from the previous year.
It also predicts its group pretax profits will increase by 40.8 percent to 46 billion yen.
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