In the marine sector, outboard motor unit sales increased, particularly large models in North America and Europe.

Sales and income overall decreased due to foreign exchange effects, but profitability remained high and the operating income ratio was at 19 percent. Initiatives to establish a system-supplier business model achieved progress.

In the new fiscal year, markets and business conditions are forecast to progress as before generally. Yamaha Motor expects to grow income and profits, assuming that foreign exchange rates do not change significantly.

The company forecasts fiscal 2017 net sales rising 6.5 percent to 1,600.0 billion yen and net income climbing 18.8 percent to 75.0 billion yen. Operating income and ordinary income are expected to increase 10.5 percent and 17.6 percent, respectively.

END