YANMAR Announces Fiscal Year 2014 Business Results and Fiscal Year 2015 Forecast
June 16, 2015
Yanmar Co., Ltd.
Fiscal year 2014 saw a European economy experiencing continued recovery, as well as an increasingly positive outlook in the American markets. However, economic growth in Southeast Asia slowed in general with China also experiencing a decrease in GDP growth.
In Japan, the aftermath from increased consumer spending and capital investments prior to the consumption tax hike in April 2014 led to a slump in growth in the first semester. This was partially offset by a boost in exports arising from a weak yen and global economies regaining their ground. Though, negative GDP growth for fiscal year 2014 indicates that on the whole the Japanese economy isn’t strong.
Threats to the global economy included rising interest rates in the U.S. and geopolitical instability in Ukraine and the Middle East.
Against this economic backdrop, YANMAR’s major activities in fiscal year 2014 were as follows:
Fiscal Year 2015 Forecast
Currently, consolidated Group Net Sales are forecasted to increase 11.5 percent to ¥730 billion, Operating Profit to decrease 4.2 percent to ¥38.1 billion, Ordinary Profit to decrease 0.5 percent to ¥39.4 billion and Net Profit is expected to come to ¥21.6 billion over the period, a decrease of 8.6%. In addition, Shareholders’ Equity is also expected to fall 8.6 percent to ¥21.6 billion.
Note: Information contained in News Releases is valid at the time of publication and may differ from the most recently available information.
Public Relations Group
General Affairs Div., YANMAR Co., Ltd.