Latest Tokyo Brief coverage on Yamaha Motor Co., Ltd., tracking filings, financial news, and market signals from Japan.
TSE:7272
Yamaha Corporation is selling 14 million Yamaha Motor shares in a block trade, cutting its holding from 2.84% to 1.46% for asset-efficiency reasons, while the joint brand-oversight committee between the two companies stays in place.
Motorcycle demand in India, ASEAN and Europe pushed Yamaha Motor's first-half operating profit up 88.6% to ¥158.5bn, and the company has raised full-year profit guidance 44% even as it books a ¥12bn charge to stop building off-road vehicles in-house at its Georgia plant and cut around 300 jobs.