Yamaha Motor Co. announced its consolidated business results for the first nine months of fiscal 2026.
Revenues for the period were $JPY2,215.2 billion ($14.1 billion), up $JPY304.9 billion ($1.94 billion), or 16%, year-over-year. Operating profit was $JPY235.2 billion ($1.5 billion), an increase of $JPY123 billion ($783 million), or 109.6%. Profit attributable to owners of the parent company was $JPY173.4 billion ($1.1 billion), an increase of $JPY130.1 billion ($828 million).
“For the third quarter of fiscal 2026, we took in higher revenue thanks to increased sales in nearly all our businesses,” president, CEO and representative director Motofumi Shitara said in a press release.
Revenues in the marine segment were $JPY430.2 billion ($2.74 billion), up 7.8% year-over-year. Operating profit was $JPY69 billion ($440 million), an increase of 40.2%.
The company said demand for outboards fell in its main market, the United States, but rose in emerging markets in Asia, Latin America and other regions.
“Sales of Yamaha products declined in North America but rose in Europe, Asia and Africa, leading the outboard business to surpass last year’s performance,” Shitara said in the release. “Demand for personal watercraft in the main market of the U.S. also decreased, and unit sales were below last year’s numbers, as well. These sales trends, along with the implementation of price revisions, resulted in higher revenue for the marine products business as a whole.”
The company made no changes to its full-year forecast.
