Yamaha Motor Co., Ltd.
7272・Prime Market・Transportation Equipment
Yamaha Motor Co., Ltd.7272
Yamaha Motor Co., Ltd.7272
Reference Indicators
Market Cap
13,169¥100M
P/E (Forecast)
12.6x
P/B
1.1x
Dividend Yield (Forecast)
3.87%
ROE
1.4%
EV/EBITDA
7.1x
Financial Summary
Unit: ¥M
| Item | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|
Net Sales | 1,812,496 | 2,248,456 | 2,414,759 | 2,576,179 | 2,534,203 |
Cost of Sales | 1,305,655 | 1,614,711 | 1,699,409 | 1,754,214 | 1,749,658 |
Gross Profit | 506,840 | 633,745 | 715,350 | 821,964 | 784,544 |
SG&A Expenses | 324,498 | 408,880 | 464,694 | 642,525 | 681,139 |
Operating Income | 182,342 | 224,864 | 250,655 | 181,515 | 126,373 |
Non-operating Income | 18,480 | 26,033 | 21,418 | — | — |
Non-operating Expenses | 11,415 | 11,603 | 30,092 | — | — |
Ordinary Income | 189,407 | 239,293 | 241,982 | — | — |
Extraordinary Income | 13,704 | 8,946 | 4,212 | — | — |
Extraordinary Losses | 3,407 | 2,441 | 4,512 | — | — |
Pre-tax Income | 199,704 | 245,798 | 241,681 | 183,175 | 133,196 |
Income Taxes | 35,572 | 56,216 | 63,211 | 58,605 | 98,258 |
Net Income | 155,578 | 174,439 | 164,119 | 108,069 | 16,109 |
EBITDA | 233,622 | 285,098 | 314,320 | 264,582 | 215,139 |
Gross Margin | 28.0% | 28.2% | 29.6% | 31.9% | 31.0% |
Operating Margin | 10.1% | 10.0% | 10.4% | 7.0% | 5.0% |
ROA | 8.5% | 8.0% | 6.4% | 3.9% | 0.6% |
ROE | 19.8% | 18.7% | 15.4% | 10.4% | 1.4% |
Segment Performance
Unit: ¥M
2026
| Segment | Net Sales | Operating Income | Operating Margin |
|---|---|---|---|
| ランドモビリティ | 1,615,138 | 108,693 | 6.7% |
| マリン | 527,630 | 53,593 | 10.2% |
| アウトドアランドビークル | 148,526 | -39,757 | -26.8% |
| ロボティクス | 111,478 | -565 | -0.5% |
| 金融サービス | 114,033 | 21,056 | 18.5% |
| その他 | 17,395 | -16,647 | -95.7% |