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Yamaha Motor Co
(7272)
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Rating:59Neutral
Price Target:
¥1,579.00
▲(23.55% Upside)
Action:Reiterated
Date:08/05/26
The score is driven primarily by mixed financial performance: resilient revenue and improving recent cash flow are offset by a sharp drop in profitability and rising leverage. Technicals are supportive due to a strong uptrend, but overbought signals increase near-term risk. Valuation is the main headwind, with a high P/E that reduces the overall attractiveness despite a moderate dividend yield.
Positive Factors
Revenue resilience
Sustained revenue growth across 2021–2024 and rising TTM sales indicate enduring end-market demand and effective distribution. Durable top-line expansion supports scale economics, helps absorb cyclical shocks, and underpins the company's ability to invest in product programs and aftermarket networks over the next several months.
Negative Factors
Sharp margin deterioration
Net margin compressed to roughly 1%, eroding earnings power and the cushion for shocks. Persistently low margins constrain reinvestment and returns to shareholders, heighten sensitivity to cost or pricing pressure, and make earnings less predictable absent structural cost or pricing remediation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue resilience
Sustained revenue growth across 2021–2024 and rising TTM sales indicate enduring end-market demand and effective distribution. Durable top-line expansion supports scale economics, helps absorb cyclical shocks, and underpins the company's ability to invest in product programs and aftermarket networks over the next several months.
Read all positive factors
Yamaha Motor Co (7272) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.28T
Dividend Yield2.61%
Average Volume (3M)4.54M
Price to Earnings (P/E)48.7
Beta (1Y)1.07
Revenue Growth3.06%
EPS Growth-67.47%
CountryJP
Employees55,176
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)79.28
Shares Outstanding1,018,125,100
10 Day Avg. Volume5,796,340
30 Day Avg. Volume4,541,630
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)0.99
Price to Sales (P/S)0.44
P/FCF Ratio44.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,200.00Price Target Upside-6.10% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)126.1
Revenue Forecast (FY)¥2.75T
Yamaha Motor Co Business Overview & Revenue Model
Company Description
Yamaha Motor Co., Ltd. (7272) is a Japan-based mobility and marine products manufacturer. The company develops, manufactures, and sells a range of products including motorcycles and scooters, marine products such as outboard motors and personal wa...
How the Company Makes Money
Yamaha Motor primarily makes money by manufacturing and selling motorized products through global distribution channels (including subsidiaries, importers, and dealers) and capturing aftermarket and service-related demand tied to its installed bas...
Yamaha Motor Co Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there are significant achievements such as increased operating income and strategic acquisitions for future growth, the company faces challenges with declining revenue, motorcycle sales, and the impact of tariffs. Inventory management is also an ongoing concern.Positive Updates
Acquisitions for Growth
Yamaha Motor has signed agreements to acquire Telwater, a major Australian boat manufacturer, and the e-Kit business subsidiary of Brose, a German automotive parts manufacturer, to accelerate growth in the marine and SPV businesses.
Negative Updates
Revenue and Income Decline
Overall revenue decreased to 97% of the previous year at JPY625.9 billion, and profit attributable to the parent company was 55% of the prior year at JPY30.7 billion.
Read all updates
Q1-2025 Updates
Positive
Negative
Acquisitions for Growth
Yamaha Motor has signed agreements to acquire Telwater, a major Australian boat manufacturer, and the e-Kit business subsidiary of Brose, a German automotive parts manufacturer, to accelerate growth in the marine and SPV businesses.
Read all positive updates
Company Guidance
In the Yamaha Motor Company's first quarter earnings presentation for fiscal year 2025, Hashimoto Mitsuru outlined a decline in both revenue and income, attributed to reduced sales in motorcycles, water vehicles, and LSM, along with increased R&D and labor costs. Revenue was reported at JPY625.9 billion, 97% of the previous year, while operating income rose by 56% to JPY43.6 billion. However, profit attributable to owners was down to 55% of the prior year at JPY30.7 billion, with an EPS of JPY31.47. The presentation noted a significant tariff impact expected from the second quarter, particularly affecting the marine business, and ongoing inventory adjustments in regions like India and the U.S. Despite uncertainties, Yamaha emphasized its commitment to mid to long-term growth, highlighted by acquisitions in the marine and SPV sectors, and continued efforts to enhance production capabilities and global sales channels.Yamaha Motor Co Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.75T | 2.53T | 2.58T | 2.41T | 2.25T | 1.81T |
| Gross Profit | 856.95B | 784.54B | 821.97B | 812.24B | 633.75B | 506.84B |
| EBITDA | 301.18B | 234.21B | 280.24B | 323.29B | 309.80B | 253.48B |
| Net Income | 76.90B | 16.11B | 108.07B | 158.42B | 174.44B | 155.58B |
Balance Sheet | ||||||
| Total Assets | 3.02T | 2.90T | 2.78T | 2.56T | 2.18T | 1.83T |
| Cash, Cash Equivalents and Short-Term Investments | 401.46B | 398.90B | 373.00B | 347.02B | 299.65B | 277.56B |
| Total Debt | 1.03T | 1.04T | 951.97B | 843.81B | 621.39B | 466.52B |
| Total Liabilities | 1.73T | 1.70T | 1.56T | 1.43T | 1.13T | 932.24B |
| Stockholders Equity | 1.25T | 1.13T | 1.16T | 1.08T | 1.00T | 859.23B |
Cash Flow | ||||||
| Free Cash Flow | 132.81B | 25.34B | 60.97B | -23.00B | -18.47B | 74.57B |
| Operating Cash Flow | 255.35B | 138.60B | 176.85B | 86.03B | 70.92B | 141.34B |
| Investing Cash Flow | -163.69B | -113.73B | -128.75B | -119.11B | -74.16B | -51.03B |
| Financing Cash Flow | -78.94B | -2.82B | -46.43B | 91.52B | 23.10B | -93.49B |
Yamaha Motor Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥4.09T | 9.16 | 13.72% | 2.24% | 8.03% | 5.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥1.28T | 48.71 | 2.35% | 2.74% | 3.06% | -67.47% | |
59 Neutral | ¥1.94T | 21.76 | 3.31% | 4.52% | 2.12% | -72.85% | |
58 Neutral | ¥6.33T | -15.06 | -3.53% | 4.42% | 0.50% | -163.81% | |
46 Neutral | ¥1.18T | -2.20 | -11.10% | ― | -4.95% | 20.71% |
* Consumer Cyclical Sector Average
JP:7272
Yamaha Motor Co
1,842.50
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Yamaha Motor Co Corporate Events
Yamaha Motor Overhauls U.S.-Focused Outdoor Vehicle Business to Lift Profitability
Aug 4, 2026
Yamaha Motor Co., Ltd. has announced structural reforms to its Outdoor Land Vehicle business to boost profitability and capital efficiency amid inflationary pressures and shifting demand in the U.S. market. The OLV unit, formed in 2025 by integrat...
Yamaha Motor Lifts Full‑Year Outlook After Record First‑Half Earnings
Aug 4, 2026
Yamaha Motor reported record first‑half fiscal 2026 revenue, operating profit and net profit, driven chiefly by stronger motorcycle sales across developed and emerging markets, cost‑reduction efforts and favorable currency movements. C...
Yamaha Motor Sharply Raises 2026 Profit Outlook on Strong Motorcycle Demand and Weak Yen
Aug 4, 2026
Yamaha Motor Co., Ltd. has significantly raised its full-year 2026 consolidated forecast, projecting revenue of ¥2.9 trillion, operating profit of ¥260 billion and profit attributable to owners of parent of ¥170 billion, all sharply...
Yamaha Motor Delivers Strong Profit Rebound in First Half 2026
Aug 4, 2026
Yamaha Motor reported a strong rebound in the first half of fiscal 2026, with revenue rising 17.2% year-on-year to ¥1.498 trillion and operating profit surging 88.6% to ¥158.5 billion, while profit attributable to owners of parent more t...
Yamaha Motor to Absorb Subsidiary in Restructuring Drive
Jun 30, 2026
Yamaha Motor Co., Ltd. has approved a simplified absorption-type merger of its wholly owned subsidiary Yamaha Motor Powered Products Co., Ltd., effective January 1, 2027, as part of a wider structural reform aligned with its medium-term management...
Yamaha Motor Rides Motorcycle Surge to Strong Q1, Warns on Costs and Geopolitics
May 15, 2026
Yamaha Motor reported strong first-quarter fiscal 2026 results, with revenue up 16.6% to 730.1 billion yen and operating income jumping 43.8% to 62.6 billion yen, driven mainly by robust motorcycle sales, favorable exchange rates, and tight cost c...
Yamaha Motor Delivers Strong Q1 2026 Rebound and Confirms Higher Dividend Payout
May 15, 2026
Yamaha Motor reported strong results for the first quarter of fiscal 2026, with revenue rising 16.6% year on year to ¥730.1 billion and operating profit jumping 43.8% to ¥62.6 billion. Profit attributable to owners of the parent grew 34....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.