Yamaha MotorYamaha Motor Co., Ltd.7272東証プライム輸送用機器FY ending Dec 2025, consolidated, IFRS
Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -1.6% from the prior year, operating profit -30.4%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 8.6% | 0.99× | 8.5% | 2.03× | 17.2% |
| 2022 | 7.8% | 1.12× | 8.7% | 2.15× | 18.7% |
| 2023 | 6.6% | 1.02× | 6.7% | 2.33× | 15.5% |
| 2024 | 4.2% | 0.96× | 4.0% | 2.39× | 9.7% |
| 2025 | 0.6% | 0.89× | 0.6% | 2.48× | 1.4% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,812,496 | 2,248,456 | 2,414,759 | 2,576,179 | 2,534,203 |
| Cost of revenue | 1,305,655 | 1,614,711 | 1,602,515 | 1,754,214 | 1,749,658 |
| Gross profit | 506,840 | 633,745 | 812,244 | 821,964 | 784,544 |
| SG&A | 324,498 | 408,880 | 573,307 | 642,525 | 681,139 |
| Operating income | 182,342 | 224,864 | 243,920 | 181,515 | 126,373 |
| Pretax income | 199,704 | 245,798 | 236,073 | 183,175 | 133,196 |
| Income tax | 35,572 | 56,216 | 63,194 | 58,605 | 98,258 |
| Net income attributable to owners | 155,578 | 174,439 | 158,421 | 108,069 | 16,109 |
| Operating margin | 10.1% | 10.0% | 10.1% | 7.0% | 5.0% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥274.9B | ¥296.8B | ¥347B | ¥373B | ¥398.9B |
| Total assets | ¥1.83T | ¥2.18T | ¥2.56T | ¥2.78T | ¥2.9T |
| Net assets | ¥900.7B | ¥1.01T | ¥1.13T | ¥1.23T | ¥1.2T |
| Share capital | ¥86.1B | ¥86.1B | ¥86.1B | ¥86.1B | ¥86.1B |
| Trade receivables | ¥161.6B | — | — | — | — |
| Property, plant and equipment | ¥354.1B | ¥398B | ¥441.2B | ¥486.8B | ¥504.8B |
| Intangible assets excluding goodwill | ¥28.4B | ¥39.6B | ¥51.1B | — | — |
| Goodwill | ¥2.68B | ¥2.73B | ¥2.91B | ¥8.64B | ¥16.7B |
| Investment securities | ¥131.4B | ¥112.2B | ¥114B | — | — |
| Current assets | ¥1.04T | ¥1.28T | ¥1.51T | ¥1.61T | ¥1.69T |
| Current liabilities | ¥513.3B | ¥752.9B | ¥865.2B | — | — |
| Trade payables | ¥140.5B | ¥148.1B | ¥151.1B | — | — |
| Short-term borrowings | ¥63B | ¥173B | ¥305.6B | — | — |
| Long-term borrowings | ¥308.6B | ¥250B | ¥365B | — | — |
| Bonds | ¥7.55B | ¥21.6B | ¥40B | — | — |
| Interest-bearing debt | ¥379.1Bderived | ¥444.6Bderived | ¥710.6Bderived | — | — |
| Total liabilities | ¥932.2B | ¥1.17T | ¥1.43T | ¥1.56T | ¥1.7T |
| Non-controlling interests | ¥41.4B | ¥51.2B | ¥59.2B | — | — |
| Equity attributable to owners of parent | ¥904B | ¥964.2B | ¥1.08T | ¥1.16T | ¥1.13T |
| Retained earnings | ¥761.5B | ¥832.2B | ¥946.1B | ¥979.2B | ¥948.7B |
| Treasury stock | -¥11.7B | -¥31.7B | -¥61.4B | -¥54.1B | -¥53.6B |
EDINET (FSA Japan)
訂正有価証券報告書－第91期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第90期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第89期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第88期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第87期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第86期(令和2年1月1日－令和2年12月31日)
EDINET (FSA Japan)
有価証券報告書－第85期(平成31年1月1日－令和1年12月31日)
EDINET (FSA Japan)
有価証券報告書－第84期(平成30年1月1日－平成30年12月31日)
EDINET (FSA Japan)
有価証券報告書－第83期(平成29年1月1日－平成29年12月31日)
EDINET (FSA Japan)
有価証券報告書－第82期(2016/01/01－2016/12/31)
Extracted from XBRL: 44 / Derived from other figures: 1
Spotted an error? Report it (corrections keep the original record)
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.