Yamaha Motor : Notifications regarding the Revision of Forecast of Final Dividends
November 05, 2014 at 11:44 pm EST
Share
Yamaha Motor Co., Ltd. hereby announces that at the Board of Directors meeting on November 6, 2014, the Company has revised the forecast of final dividends as shown below, based on the anticipated consolidated business results for the fiscal year ending December 31, 2014.
1. Contents of Dividend Forecast Revision
Cash Dividends per Share
Dividend Payment at End
of Second Quarter
End of term
Total
Previous Forecast
-
14.50 yen
29.00 yen
New Revised Forecast
-
20.50 yen
35.00 yen
Results for Current Fiscal Year
14.50 yen
-
-
Results for Previous Fiscal Year
(Year ending December 31, 2013)
10.00 yen
16.00 yen
26.00 yen
2. Reason
Recognizing that shareholders' interests represent one of the Company's highest management priorities, the Company has been striving to meet shareholder expectations by working to maximize its corporate value through a diversity of business operations worldwide. The Company shall maintain a balance between proactive investment for growth, and returns to shareholders and the repayment of borrowings, and provide dividends that reflect comprehensive consideration of the business environment, including trends in business performance and retained earnings, while maintaining a minimum payout ratio of 20% of consolidated net income.
With the improvement over the previous forecasts in the anticipated consolidated business results for the fiscal year ending December 31, 2014 announced today, and based on a payout ratio (consolidated) of 20%, the forecast final dividend was revised to 20.50 yen per share. As a result, in addition to the interim dividend of 14.50 yen, the dividend for the year will be 35 yen, which is an increase of 9 yen over the previous term.
(Reference) Forecast Consolidated Business Results for the Fiscal Year ending December 31, 2014
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).
YAMAHA MOTOR CO., LTD. 
