Yamaha Motor Co., Ltd. (TOKYO:7272) (ISIN:JP3942800008) announced that in its fiscal 2016 year, which finished on December 31, net income increased 5.2 percent to 63.2 billion yen thanks to business expansion in emerging markets and improved profitability in various business sectors.
Net sales decreased 7.9 percent to 1,502.8 billion yen and ordinary income fell 18.5 percent to 102.1 billion yen.
In motorcycles, unit sales and operating income were strong in emerging markets such as India, Vietnam and the Philippines, thanks to increased sales of higher-priced products and cost reductions.
Global net sales decreased due to foreign exchange effects. In developed markets, continued progress was achieved with initiatives to reduce inventories, improve financial positions and carry out structural reforms.
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