Yamaha Motor (TYO:7272) logged a higher attributable profit in the first quarter as higher sales and controlled expenses offset the impact of tariffs and higher raw material prices.
The motorcycle manufacturer's attributable profit jumped 35% to 41.3 billion yen in the three months through March 31 from 30.7 billion yen in the year-ago period.
Earnings per share grew to 42.52 yen from 31.45 yen a year earlier.
Operating income grew 44% to 62.6 billion yen in the first quarter from 43.6 billion yen in the year-ago period due to higher unit sales, favorable foreign exchange rates, and lower costs.
Revenue grew 17% year over year to 730.1 billion yen from 625.9 billion yen.
In its land mobility business, revenue jumped 24% year over year to 479.9 billion yen while operating profit surged 76% to 49 billion yen, driven by a rise in motorcycle sales in emerging markets such as Thailand, India, and the Philippines, as well as normalized operations in Vietnam.
Marine product sales increased 6% year over year to 148.6 billion yen, helped by U.S. and European sales, while operating profit fell 19% to 16 billion yen due to the impact of U.S. tariffs.
Outdoor land vehicle sales increased 0.4% to 41.2 billion yen, while robotics sales grew 10% to 26.3 billion yen, with strong growth reported in China.
Financial services sales rose 8.7% to 30.2 billion yen.
Yamaha forecasts full-year attributable profit to surge 521% to 100 billion yen, or 103.05 yen per share, and revenue to grow 6.5% to 2.700 trillion yen.
Operating profit could jump 42% to 180 billion yen during the full year.
The motorcycle manufacturer's dividend payout could reach 50 yen per share in 2026.
