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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