Yamaha Motor slashes full-year profit forecast by 48%

Yamaha Motor revised its full-year operating profit forecast down 48% to 120 billion yen from 230 billion yen, citing weaker motorcycle and water vehicle sales plus higher R&D and personnel costs.

The company also cut net sales guidance to 2.57 trillion yen from 2.7 trillion yen and completed acquisitions of Robotics Plus Limited and Brose Antriebstechnik.