Yamaha Motor Co Unsp/Adr (YAMHY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you all for taking time out of your busy schedules to attend Yamaha Motor Company's first quarter earnings presentation for the fiscal year ending December 2025. My name is Kurabe from the Corporate Communications Department, and I'll be the moderator today. Before the presentation begins, I'd like to introduce today's attendees. The presentation will be given by Hashimoto Mitsuru, Executive Officer, Chief General Manager of Corporate Planning and Finance Center. Today, after providing an overview of our financial results, details for each business will be presented. Following the presentation, a Q&A session for analysts and media will be held via Zoom. Business results announcement materials are posted on the Yamaha Motor Corporate website. Now to begin our financial results presentation. I am Hashimoto from Yamaha Motor Company. Thank you very much for taking the time to attend Yamaha Motors earnings presentation today. At the same time, I would also like to express my sincere gratitude for your continued understanding and support of our business activities. Now, I would like to explain the outline of our financial results. First, Let me review the key points of our financial results. Please turn to page 4. The first quarter results showed a decline in both revenue and income due to a decrease in motorcycle, water vehicle and LSM sales and an increase in R&D expenses, labor costs and other selling and administrative expenses. Motorcycle sales volume decreased in Vietnam and Brazil. From the second quarter onwards, conditions are expected to gradually return to normal in all regions. There are many uncertainties regarding our full-year earnings forecast, such as the impact of tariffs, so we are carefully assessing the situation. Should anything arise that requ...