Yamaha motor's Q3 profits fall 44.1% despite strategic acquisitions

Yamaha Motor Co., Ltd. announced consolidated business results for the first nine months of fiscal 2025, with revenues of yen 1,910.3 bn (down 3.4%) and operating income of yen 112.4 bn (down 44.1%). Net income attributable to owners of parent fell by 68.1% to yen 43.4 bn. The decline was attributed to lower unit sales in the Outdoor Land Vehicle (OLV) and Marine Products businesses, increased R&D and SG&A costs, impairment losses on OLV tangible fixed assets, and U.S. tariff impacts.

Despite the downturn, Yamaha Motor maintains its full-year forecast of yen 2,570.0 bn in revenue and yen 120.0 bn in operating income, focusing on cost management and targeted growth activities. The company made three key acquisitions in 2025: Torqeedo GmbH (€77.4m), Robotics Plus Limited (NZ$47.6m), and Brose SE's e-Kit business (€30.6m), bolstering its marine electric, agricultural automation, and e-Bike segments for long-term strategic growth.