TOKYO (dpa-AFX) - Yamaha Motor Co., Ltd.( YAMHF.PK), a Japanese vehicle maker, on Monday reported a decline in earnings for the nine-month period to September. However, the company posted a an overall rise in net sales backed by higher outboard motor sales in developed markets, driven by the continued demand for marine recreation, rise in motorcycle sales in emerging markets.
In addition, the automotive firm has raised its guidance for the fiscal 2022. It also kept the previous dividend outlook unchanged.
For the nine-month period, Iwata-headquartered firm posted a net income of 133.1 billion yen, lesser than 137 billion yen, posted a year ago.
Ordinary income moved up to 190 billion yen from previous year's 160.6 billion yen.
Operating earnings were at 174.2 billion yen as against 154.6 billion yen of last year.
Net revenues rose to 1.677 trillion yen from 1.362 trillion yen a year ago.
Looking ahead, for the fiscal 2022, the Japanese firm now expects to post a net income of 163 billion yen, an increase of 18 billion yen from previous outlook. For the full-year, the company now projects net sales of 2.270 trillion yen, 70 billion yen higher than its previous guidance.
The company still expects to pay a full-year dividend of 115 yen per share, with an interim dividend of 57.5 yen per share.
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