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Yamaha Motor FY18 Profit Drops, Warns On FY19 Profit; Maintains Dividend

Yamaha Motor Co. (YAMHF.PK) reported Tuesday that its fiscal year 2018 net income attributable to parent company shareholders was 93.4 billion yen, a decrease of 8.1% from the previous fiscal year.

Operating income was 140.8 billion yen, down 6.0%, and ordinary income was 138.0 billion yen, down 10.9%.

Yamaha Motor said its net sales were 1.67 trillion yen, an increase of 0.2% compared with the previous fiscal year.

Looking ahead, the company said that in the next fiscal year, it is expected that the business environment will remain uncertain, due to factors such as the European economic slowdown and the US-China trade issue.

For the year 2019, the company expects attributable net income of 85 billion yen, down 9 percent from the previous year, operating income of 133 billion yen, down 5.5 percent, and net sales of 1.7 trillion yen, a growth of 1.6 percent from the prior year.

Regarding the final dividend for the current fiscal year, a dividend of 45 yen per share is planned to be placed on the agenda of the 84th Ordinary General Meeting of Shareholders, scheduled for March 27. The total dividend for the year would be 90 yen per share.

With regards to the dividend payment for the next fiscal year, a total of 90 yen, comprising interim dividend of 45 yen and final dividend of 45 yen, is planned.

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