Iwata, February 3, 2025 – Yamaha Motor Co., Ltd. (Tokyo: 7272) announced by the present that at the meeting of the board of directors held today, the company decided to revise its consolidated commercial results for the financial year ending on December 31, 2024 ( January 1, 2024 – December 31, 2024), announced on November 6, 2024. This revision reflects the latest commercial performance trends and other relevant factors.
In addition, from this financial year, the company adopted international financial information standards (IFRS), and the figures for the previous year were also recalculated on the basis of IFR.
1. Revision of the results of consolidated companies for this exercise
(January 1, 2024 to December 31, 2024)
2. Reasons for the revision
With regard to the results of consolidated companies for the full financial year ending in December 2024, Yamaha Motor revised each figure indicated above due to depreciation losses on certain fixed assets of non-profitable companies associated with end accounting procedures year, as well as a drop in sales in the main companies.
Exchange rates for the full year are estimated at 152 yen for the US dollar (2 yen lower than previous forecasts, 11 yen lower in annual shift) and 164 yen for the euro (unchanged compared to previous forecasts , 12 JPY JPY lower in annual shift)
There is no change in annual dividend forecasts.