Revenue rose 17.2% and operating profit climbed 88.6% in January-June, helping the stock outperform a volatile Japanese market still grappling with yen intervention fallout.
Yamaha Motor shares rose 13.40% on Tuesday to close at 1,511 yen after the company posted record first-half results and lifted its annual guidance. Revenue for January to June reached 1.498 trillion yen, up 17.2% from a year earlier, while operating profit increased 88.6% to 158.5 billion yen and attributable net profit climbed 114.7% to 113.9 billion yen. Demand for motorcycles in Europe and the United States, a weaker yen for much of the period, and better cost management supported the gains. The company also announced reforms to its off-road leisure vehicle business. Trading volume topped 30 million shares, underscoring strong investor interest even as the wider Japanese market remained unsettled after last week’s coordinated yen-buying intervention by Tokyo and the US Treasury. The Nikkei 225 rose 0.32% to 63,957.53, but analysts say exporters still face risks from possible yen strength and a potential Bank of Japan rate hike in September.