Yamaha Motor Co., Ltd. (OTCPK:YAMHF) Q3 2024 Earnings Conference Call November 5, 2024 11:00 PM ET
Company Participants
Motofumi Shitara – Executive Vice President and Representative Director
Operator
Ladies and gentlemen, everyone, thank you for taking time out of your busy schedule to watch the Yamaha Motor Company’s Third Quarter Earnings Presentation for the Fiscal Year Ending December 2024. I’m your moderator today.
I’m from the Corporate Communications Department. My name is Kurabe. Before going into today’s agenda, please let me introduce who is present today. Shitara Motofumi, Executive Vice President and Representative Director.
Today, after giving you an outline of our business results, he will provide details by business segment. After the presentation, there will be a Q&A session for analysts and media via Zoom. The business results presentation materials can be found on the Yamaha Motor Corporate website.
Now we’d like to begin the business results presentation.
Motofumi Shitara
Thank you. As you just heard, my name is Shitara from Yamaha Motor. Thank you very much for taking time out of your busy schedule to attend Yamaha Motor’s earning presentation today. We’d also like to thank you for your continued understanding and support of our business activities.
Now I would like to give you an outline of our business results. First, let me introduce the key points of the third quarter business results. Please turn to page 4. To summarize our third quarter business results, year-on-year, our revenue increased, while our operating income was about the same as the previous year.
In the Motorcycle business, increased shipments of premium segment models in emerging economies led to higher revenues and profits. In the Marine business, for inventory optimization, we conducted production adjustments. Lower outboard motor shipments led to revenues and profits falling. In the Robotics business, thanks to generative AI-related demand increasing in semiconductor manufacturing post-processing
