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Consumer Durables

Yamaha Motor Co., Ltd.

Business Summary

Yamaha Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automotive engines, and transportation equipment. It operates through the following segments Land Mobility, Marine Products, Robotics, Financial Services, and Others. The Land Mobility segment offers motorcycle and parts, four-wheel buggies, snowmobiles, and electrically assisted bicycles. The Marine Products segment sells outboard motors, water vehicles, boats, and pools. The Robotics segment includes surface mounters, industrial robots, and industrial unmanned helicopters. The Financial Services segment covers the sales and lease of the company's products. The Others segment includes golf cars, generators, multi-purpose engines, snow throwers, automobile engines, and electrically powered wheelchairs. The company was founded by Genichi Kawakami in July 1955 and is headquartered in Iwata, Japan.

Financial Highlights

Dec 2022 JPYUSD
Gross Profit633,745M4,818.34M
Operating income224,865M1,709.64M
Income before tax245,798M1,868.79M
Net income174,440M1,326.26M
Diluted EPS511.253.88
Dividends Per Share1250.95
Total Assets2,183.29B16,546.97M
Total liabilities1,128.98B8,556.50M
Total equity1,003.07B7,602.20M
Operating cash flow70,921M539.20M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,673.13B 1,664.76B 1,471.29B 1,812.49B 2,248.45B
Gross Profit 455,174M 442,331M 371,812M 506,841M 633,745M
Operating income 140,788M 115,364M 81,673M 182,343M 224,865M
Income before tax 136,883M 120,626M 84,990M 199,704M 245,798M
Net income 93,366M 75,737M 53,072M 155,579M 174,440M
EBITDA 187,193M 165,053M 129,914M 233,472M 284,689M
Diluted EPS 267.34 216.82 151.89 445.66 511.25
Dividends Per Share 90 90 60 115 125
Total Assets 1,420.85B 1,532.81B 1,640.91B 1,832.91B 2,183.29B
Total liabilities 724,089M 780,977M 891,751M 932,241M 1,128.98B
Total equity 657,475M 705,234M 714,644M 859,226M 1,003.07B
Operating cash flow 58,858M 99,127M 110,487M 141,336M 70,921M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 15,149.35M 15,271.54M 13,780.26M 16,496.24M 17,094.93M
Gross Profit 4,121.35M 4,057.67M 3,482.41M 4,612.96M 4,818.34M
Operating income 1,274.75M 1,058.28M 764.95M 1,659.57M 1,709.64M
Income before tax 1,239.40M 1,106.55M 796.02M 1,817.58M 1,868.79M
Net income 845.37M 694.76M 497.07M 1,415.98M 1,326.26M
EBITDA 1,694.93M 1,514.09M 1,216.78M 2,124.92M 2,164.48M
Diluted EPS 2.42 1.98 1.42 4.05 3.88
Dividends Per Share 0.81 0.82 0.56 1.04 0.95
Total Assets 12,950.40M 14,104.53M 15,893.38M 15,916.95M 16,546.97M
Total liabilities 6,599.72M 7,186.35M 8,637.23M 8,095.53M 8,556.50M
Total equity 5,992.57M 6,489.38M 6,921.82M 7,461.47M 7,602.20M
Operating cash flow 532.92M 909.33M 1,034.82M 1,286.35M 539.20M

Valuation Measures

Dec 2022
Operating margin10.00%
Profit margin7.75%

Key executives

  • Executive President & Representative Director: Yoshihiro Hidaka
  • Representative Director & Executive Vice President: Katsuaki Watanabe
  • Executive Officer & GM-Solutions Business: Hiroyuki Ota
  • Executive Officer & Manager-Brand Marketing: Akihiro Nagaya
  • Executive Officer, GM-Personnel & General Affairs: Akira Otani


  • Silchester International Investors LLP (6.0%)
  • Nomura Asset Management Co., Ltd. (5.7%)
  • Yamaha Corp. (4.4%)
  • Toyota Motor Corp. (3.5%)
  • Yamaha Motor Co., Ltd. (3.4%)
  • Asset Management One Co., Ltd. (3.1%)
  • BlackRock Fund Advisors (2.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Daiwa Asset Management Co. Ltd. (2.6%)

Contact Details

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Last Updated on 8 Jun, 2023

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