Yamaha Motor announced third-quarter revenues of JPY$1,910 billion ($12.4 billion), compared with JPY$1,977 billion ($12.9 billion) the same period last year. Operating income was JPY$112.4 billion ($733 million), compared with JPY$201 billion ($1.31 billion) a year ago.
Overall outboard sales remained about the same as last year at 206,000, the company said in a statement, though there was an increase in Europe and the United States. Unit sales were 70,000 in North America, compared with 65,000 last year; European unit sales totaled 27,000, compared with 25,000 last year.
Profits fell “due to increased development investments aimed at growth, impairment losses on tangible fixed assets in the OLV business, the impact of U.S. tariffs, and other factors,” the company said. “Business conditions to remain challenging due to global policy developments, changes in the financial environment and U.S. tariffs.”
Yamaha said it would “advance strategies centered on core businesses, meticulously manage costs, and pick and focus investments.”
The marine products segment produced revenue of JPY$399.3 billion ($2.61 billion), compared with JPY$415.5 billion ($2.7 billion) the year before. Operating income was JPY$49.2 billion ($321 million), compared to JPY$79.3 billion ($517 million) a year ago. There were lower revenue and profits in 2025 due to reduced personal watercraft sales, higher R&D expenses, increased SG&A expenses and the impact of U.S. tariffs.
The revised consolidated forecast for fiscal year revenue of JPY$2,570 billion ($16.8 billion) remains unchanged, the company said.
