Yamaha Motor Co., Ltd. raised its 2026 earnings forecast and began restructuring its outdoor vehicle business. Full-year revenue is now targeted at ¥2.9 trillion and net profit at ¥170 billion, including approximately ¥12 billion in OLV restructuring costs. The share price has reportedly risen 44.2%.
Yamaha Motor Co., Ltd. announced an upward revision to its earnings forecast on 4 August 2026 and outlined plans to restructure its outdoor vehicle business. The company indicated that it aims to maintain profitability while taking into account trends in raw material costs and restructuring expenses. The article identifies the immediate impact of raw material costs and restructuring expenses on profit as key points to watch. The valuation could change depending on subsequent developments.
Under the new outlook, full-year revenue is ¥2.9 trillion and profit attributable to owners of the parent is ¥170 billion. This includes approximately ¥12 billion in one-off OLV restructuring costs, making the balance between short-term cost headwinds and the target profit margin a key issue.
As part of its longer-term outlook, the company is reported to expect revenue of ¥295.05 billion and profit of ¥143.5 billion by 2029. At the same time, the company’s disclosed fair value is ¥1,316, and one view suggests that the current price has downside of up to 32%. The report also notes that while the OLV restructuring could improve profitability, research and development costs and the risk of pressure on free cash flow remain concerns.