Yamaha Motor Co., parent to the Yamaha U.S. Marine Business Unit, announced the financial results for 2025.
Full-year revenue was JPY$2.58 trillion ($16.85 billion), down 2% from the previous year. Operating income was JPY$181.5 billion ($825.6 million), a 30% decrease year-over-year, and net income was JPY$16.1 billion ($105.15 million), down from JPY$108.1 billion ($706 million).
The company cited tariffs among the reasons for the declines, noting that it has already paid JPY$54.3 billion ($354.7 million) in tariffs in 2026 compared with JPY$17.1 billion ($111.6 million) for all of 2025.
The marine segment had JPY$527.6 billion ($3.45 billion) in revenue, a 2% decrease from the prior year, and operating income of JPY$53.6 billion ($350 million) was down 39%.
According to a statement, “Unit sales and revenue remained on par with last year, but [operating income] fell due to higher SG&A expenses, including procurement costs and R&D expenses.”
For fiscal 2026, Yamaha is forecasting a 5% increase in revenue for the marine segment and a 14% increase in operating income.
