Today I will talk about Yamaha Motor, originating from Yamaha, which is famous for musical instruments and as a manufacturer of motorcycles, boats, industrial robots, etc.
※The above images are from Yamaha Motor’s website.
Yamaha Motor started as a motorcycle manufacturing and selling business and uses the
same“YAMAHA” logo as the Japanese musical instrument manufacturer Yamaha because that’s where it
separated from.
Yamaha Motor’s products are characterized by many models with high entertainment and taste with an emphasis on functionality and sophisticated design at reasonable prices, rather than focusing on
pure specs.
In addition to motorbikes and boats, they develop various products such as electrically assisted bicycles, snow blowers, generators, and pool equipment.
Yamaha Motor’s products have been finding their way into foreign markets since the 1960s. In the 2000s, it began promoting expansion of production capacity and development of sales channels,
focusing on emerging countries in Southeast Asia.
Currently, the overseas sales ratio exceeds 90% of the total sales.
￥1,740 （8/26 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: December Dividend yield 5.17% PER 7.60 PBR 0.89
Equity ratio 44.3%
Although both sales and profits have been at a standstill due to the economic slowdown in China, Yamaha plans to expand its business domain by entering a sharing business in Africa where economic growth is expected due to population growth.
In Japan, it supports the automation and labor saving of the agricultural field, such as conducting driving tests of unmanned agricultural vehicles.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2016.12 |
1,502,834 |
108,594 |
63,153 |
180.8 |
60 |
33% |
|
2017.12 |
1,670,090 |
149,782 |
101,603 |
290.9 |
88 |
30% |
|
2018.12 |
1,673,137 |
140,787 |
93,366 |
267.4 |
90 |
34% |
|
2019.12 |
1,720,000 |
136,000 |
88,000 |
251.9 |
90 |
36% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for December 2019 is the predicted value
|
Cash flow statement |
2018.12 |
2017.12 |
|
CF operating activities |
588 |
1,263 |
|
CF investing activities |
▲482 |
▲531 |
|
CF financing activities |
▲264 |
▲528 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.