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Yamaha Motor (7272) investor relations material
Yamaha Motor Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2026 revenue reached 730.1 billion yen, up 17% year-over-year, with operating income at 62.6 billion yen, a 44% increase year-over-year.
Growth was driven by strong motorcycle sales, favorable exchange rates, and cost controls, despite U.S. tariffs and rising procurement costs.
U.S. structural reforms are progressing as planned, supporting profitability.
Comprehensive income surged to 60.9 billion yen from a loss of 9.0 billion yen in Q1 2025.
Financial highlights
Net income attributable to owners was 41.3 billion yen, up 35% year-over-year.
EPS increased to 42.52 yen, a 35% rise year-over-year.
Operating income ratio improved to 8.6% from 7.0% in the prior year.
Gross profit increased to 217.3 billion yen from 197.0 billion yen year-over-year.
Total assets grew to 3,086.7 billion yen, up 184.1 billion yen from December 2025.
Outlook and guidance
FY2026 revenue forecast is 2,700 billion yen (+6.5% YoY), operating profit 180 billion yen (+42.4%), and profit attributable to owners of parent 100 billion yen (+520.8%).
Outlook remains unchanged despite positive tariff developments and ongoing raw material price increases.
Mitigation strategies include alternative procurement and cost reductions for raw materials and components.
- Sharp FY2025 profit drop, but strong FY2026 recovery and higher dividends forecast.7272
Q4 202513 Feb 2026 - Profits fell over 50% YoY as sales weakened and costs rose, but dividends remain stable.7272
Q2 20253 Feb 2026 - First-half profit and revenue grew over 10%, with marine electrification advancing via Torqeedo.7272
Q2 20242 Feb 2026 - Revenue up 7.7–8% YoY, net income down 4.8–5%, guidance cut, electrification focus.7272
Q3 202416 Jan 2026 - Revenue and profit fell on lower sales and higher costs, but growth initiatives continue.7272
Q1 202527 Dec 2025 - 2024 revenue up but profit down; 2025 outlook signals profit rebound and strategic focus.7272
Q4 202419 Dec 2025 - Revenue and profit fell sharply on higher costs, but strategic acquisitions support future growth.7272
Q3 202517 Dec 2025
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