Yamaha Motor announces restructuring in recreational off-road vehicle business

EarningsCorporate Action
โดย Reuters·Read original
Summary · why it matters

Yamaha Motor has announced a restructuring of its outdoor land vehicle business, which handles recreational off-road vehicles. In response to declining profitability due to intensifying competition, the company will end in-house production in the US state of Georgia and switch to external procurement. It will also concentrate management resources on four-wheel buggies and golf carts, and implement workforce adjustments affecting around 300 people, including approximately 200 regular employees. While a one-time cost of about 12 billion yen will be recorded in the fiscal year ending December 2026, the company has revised upward its consolidated net profit forecast for the same period from the previous 100 billion yen to 170 billion yen, partly because the impact of US tariffs is expected to be smaller than anticipated.

Impact on stocks 0