Yamaha Motor Q1 revenue up 16.6% to 730.1 billion yen, profit jumps 43.8%
Yamaha Motor reported higher revenue and profits in the first quarter of fiscal 2026, driven by strong motorcycle sales and favorable exchange rates.
730.1 billion yen
62.6 billion yen
41.3 billion yen
What Happened
730.1 billion yenyen
Up 16.6% year-on-year, driven mainly by motorcycle sales.
Operating income rose 43.8% to 62.6 billion yen, and net income attributable to owners of parent increased 34.5% to 41.3 billion yen. The company cited higher unit sales, cost controls, and favorable foreign exchange effects, partially offset by U.S. tariffs and higher procurement costs.
- Land Mobility (motorcycles, eBikes, etc.): Revenue up 23.7% to 479.9 billion yen, operating income up 76.3%.
- Marine Products: Revenue up 6.0% to 148.6 billion yen, but operating income down 19.2% due to tariffs.
- Outdoor Land Vehicles: Revenue nearly flat at 41.2 billion yen, operating loss widened to 7.8 billion yen.
- Robotics: Revenue up 10.2% to 26.3 billion yen, swung to profit of 0.7 billion yen.
- Financial Services: Revenue up 8.7% to 30.2 billion yen, operating income up 56.8%.
“We posted higher year-on-year revenue and profits for the first quarter of fiscal 2026. The strong sales we saw in nearly all of our businesses, particularly in the motorcycle business, led to higher overall revenue, while we also recorded higher profits thanks to those higher sales, appropriate cost controls, and exchange rates working in our favor, despite the impact of U.S. tariffs and rising r”
Yamaha Motor kept its full-year forecast unchanged: revenue of 2,700.0 billion yen, operating income of 180.0 billion yen, and net income of 100.0 billion yen. The company expects lower tariff-related expenses after a U.S. Supreme Court ruling against reciprocal tariffs.
Why this matters
The results show Yamaha Motor's resilience despite U.S. tariffs and rising raw material costs, with growth across most business segments.
Terms in This Story
- SG&A expenses
- Selling, general, and administrative expenses; a company's operating costs not directly tied to production.
- Operating income
- Profit from a company's core business operations, excluding interest and taxes.
- Net income
- Total profit after all expenses, including taxes and interest.
- Reciprocal tariffs
- Import duties imposed by a country in response to similar tariffs levied by another country.
Summarised from the linked release; details can be imperfect — always verify against the original source.