Yamaha Posts 1st Quarter Net Loss
Yamaha Motor Co., Ltd. says a significant decline in demand amid the worldwide recession sent net sales for its first quarter, ended March 31, down 35.5 percent from the previous first quarter, to ¥266.5 billion ($2.75 billion). The sales downturn coupled with the negative impact of a stronger yen resulted in a net loss of ¥15.8 billion ($162.8 million), a decrease of ¥38.0 billion.
The OEM’s motorcycle sales revenue fell 29.4 percent from the previous first quarter, to ¥187.9 billion ($1.93 billion). Motorcycle sales revenue dropped 13.5 percent in North America, 26.1 percent in Asia (excluding Japan) and 39 percent in Europe.
Motorcycle unit sales dropped 7 percent to 40,000 units in North America.
- Submitted by Guido Ebert
The OEM’s motorcycle sales revenue fell 29.4 percent from the previous first quarter, to ¥187.9 billion ($1.93 billion). Motorcycle sales revenue dropped 13.5 percent in North America, 26.1 percent in Asia (excluding Japan) and 39 percent in Europe.
Motorcycle unit sales dropped 7 percent to 40,000 units in North America.
- Submitted by Guido Ebert
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