Yamaha Motor Co Unsp/Adr (YAMHY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Everyone, thank you for making time in your busy schedules to join us for Yamaha Motor Company's fiscal year 2024 first half year earnings presentation. I'll be facilitating today. My name is Kurabe from the Corporate Communications Division. Before we begin, I'd like to introduce today's attendees. President, CEO and Representative Director, Hidaka Yoshihiro. and director, Shitara Motofumi. Today, after Hidaka presents an overview of the earnings, Shitara will present details by business segment. After the presentation, a Zoom Q&A will be held for the media and analysts. The earnings presentation deck is available on Yamaha Motor's website. We will now begin the earnings presentation. I am Hidaka, and thank you very much for attending this presentation on Yamaha's business results. Thank you very much indeed. First, about the announcement that was made earlier concerning inappropriate handling of the application for model designation of our MCs. We offer our deepest apologies to our customers, shareholders, and other stakeholders for causing concerns and inconveniences. Concerning the model in question from the Ministry of Transport, already we have received confirmation that it is now in compliance with standards and we have restarted shipment of one model where the shipment was suspended. In order to regain your trust and also in order to prevent a recurrence, the management as well as each individual employee will make efforts to strengthen compliance and governance. Now I would like to go into the presentation for business results. First, our first half key points, please refer to page four. So year on year, we have seen an increase in revenue and profit. For motorcycles, in developing countries, the premium model shipment increased and we have seen an increase ...