News Release
Yanmar Announces Financial Results for the First Half of FY2024
November 29, 2024
Yanmar Holdings Co., Ltd.
Osaka, Japan (November 29, 2024), Yanmar Holdings Co., Ltd. announced its interim consolidated financial results for the first half of FY2024*.
Financial Results for the first half of FY2024
For the current interim consolidated accounting period, net sales were 528.9 billion JPY, a slight increase over the same period last year. Ordinary income was 27.2 billion JPY, a 38.5% decrease from the same period last year, resulting in an ordinary income to net sales ratio of 5.2%.
Net income attributable to owners of the parent was 11.8 billion JPY, a decrease of 59.8% from the previous year. Overseas sales accounted for 320.3 billion JPY, a 2.1% decrease, with an overseas sales ratio of 60.6%.
Fiscal 2024 Consolidated Interim Financial Results (April 1st, 2024, to September 30th, 2024)
(Units: Million JPY, vs previous year)
| Net sales | Operating income | Ordinary income | Net income attributable to owners of the parent | |
|---|---|---|---|---|
| FY 2024 | 528,927 (vs previous year 0.0%) |
29,662 (vs previous year -7.2%) |
27,240 (vs previous year -38.5%) |
11,820 (vs previous year -59.8%) |
| FY 2023 | 528,882 (vs previous year 9.3%) |
31,955 (vs previous year 34.5%) |
44,302 (vs previous year 17.5%) |
29,431 (vs previous year 11.2%) |
* Yanmar’s financial year accounting period is April 1st to March 31st.
Full-year Forecast for FY2024
The consolidated earnings forecast for the fiscal year ending March 2025 remains unchanged from the figures announced on June 19, 2024.
(Reference: Consolidated earnings forecast for the fiscal year ending March 2025, announced on June 19, 2024)
(Units: Million JPY)
| Net Sales | Operating income | Ordinary income | Income attributable to new company holdings | |
|---|---|---|---|---|
| FY2024 (estimate) |
1,050,000 million yen (-2.9%) |
44,000 million yen (-28.3%) |
50,000 million yen (-37.8%) |
34,000 million yen (-31.4%) |
* The above forecasts are based on information available as of the date of publication of this document, and actual results may differ significantly from the forecasts due to future uncertainties and various factors.
About Yanmar
With beginnings in Osaka, Japan, in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. A pioneer in diesel engine technology, Yanmar is a global innovator in a wide range of industrial equipment, from small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, to machine tools, and components — Yanmar’s global business operations span seven domains. On land, at sea, and in the city, Yanmar provides advanced solutions to the challenges customers face, towards realizing A Sustainable Future.
For more details, please visit the official website of Yanmar Holdings Co., Ltd.
https://www.yanmar.com/global/about/
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Inquiries
Corporate Communications, Yanmar
newsroom@yanmar.com
Note: The above forecasts are based on information available as of the date of publication of this document, and actual results may differ significantly from the forecasts due to various factors in the future.