Yamaha Motor Co Unsp/Adr (YAMHY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for attending our briefing today. We'd now like to start Yamaha Motor Company's third quarter of fiscal year 2025 earnings presentation. Before going on into the presentation, I'd like to introduce the presenter. Executive Officer and Chief General Manager of Corporate Planning and Finance Center, Mitsuru Hashimoto. First, he will make an earnings presentation, and then he will go into detail by business segment. And then after that, we will have a Q&A session for the media, and then for analysts and investors. The presentation materials are available on our corporate website. So we now would like to start the presentation. I am Hashimoto from Yamaha Motor. Thank you very much for attending this presentation despite your very busy schedule. I would also like to take this opportunity to thank you for your continued understanding and support to our daily business operations. Now allow me to start my presentation. First, some key points. Please refer to page 4. Our third quarter performance maintained the trend from the first half of the year. In terms of revenue, it is in line with the previous year, but operating income declined. In terms of revenue, in our core business, we have seen steady performance. Especially in our motorcycle business, in the third quarter alone, we have achieved increase in revenue and profit. However, on operating income, we have booked impairment losses on fixed assets in OLV business, which we have been incorporated as risks. We have also seen the US tariff impact becoming apparent, and we have seen a decline in operating income. As for our business result forecast for the fiscal year 2025, it remains unchanged. Business conditions are still challenging, but through rigorous management of costs, we will continue to promo...