The following is a summary of the Yamaha Motor Co., Ltd. (YAMHF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Yamaha Motor reported revenue of ¥1,348.4 billion, up 10% against the previous year, and marked record-high revenue, operating income, and net income for the first half-year.

• Operating income was ¥154.4 billion, also up 9% compared to the previous year.

• Net income attributable to owners increased to ¥113.1 billion, a 9% increase from the previous period.

Business Progress:

• Introduced new motorcycle models like NMAX in Indonesia which has been well received, generating significant social media buzz.

• Expanded carbon neutrality initiatives including a verification facility using hydrogen gas technology in the Morimachi factory and a mangrove planting project in South Sulawesi.

• Notably continued investment in advanced technologies and securing human capital in Tokyo metropolitan area.

Opportunities:

• Strong market endurance for motorcycles in Brazil, India, and stabilized demand in Indonesia.

• Generative AI-related inquiries increasing in the Robotics business indicating growing demand and potential recovery in H2.

Risks:

• Competitive and economic pressures leading to production cutbacks in RV and SPV segments.

• Inventory levels remain above appropriate levels in certain markets, coupled with declining demand for outboard motors in Europe and the US.

More details: YAMAHA MOTOR CO IR

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