Yamaha Motor Co Unsp/Adr (YAMHY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you all for taking time out of your busy schedules to attend Yamaha Motor's briefing on the first half earnings for the fiscal year ending December 2025. I am Kurabe from the Corporate Communications Department, and I'm honored to serve as your MC today. Before starting the presentation, allow me to introduce today's participants. Motofumi Shitara, President, CEO, and Representative Director of Yamaha Motor, and Mitsuru Hashimoto, Executive Officer of Yamaha Motor. Today, an overview of our financial results will be presented, followed by details of each business segment. After this session, a separate Q&A session will be held via Zoom for the press, analysts, and investors. Presentation material is also available on Yamaha Motor's corporate site. Without further ado, let's start the program. This is Stata of Yamaha Motor. Thank you very much for your attendance today, despite your very busy schedule. I would also like to express our sincere gratitude for your continued understanding and generous support of our business activities. Now let me start my presentation, beginning with an outline of the business results. First, some key points of our earnings under review. Please return to page 4. During the first half, the impact of additional U.S. tariffs was limited, but our first half results showed decreases in both revenue and profit due to lower unit sales and increases in R&D as well as SG&A expenses. While motorcycle sales were slightly lower than last year, they grew in our key SAM markets. Our outboard motor market share in the U.S. also expanded, strengthening the presence of our core business, despite challenging market conditions. We will continue to select and focus on key areas, promoting strategic investments for mid- to long-te...