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Maker of motorcycles, marine engines/boats, and power products, separate from the Yamaha musical-instruments company.
Maker of motorcycles, marine engines/boats, and power products, separate from the Yamaha musical-instruments company.
Sells most of its motorcycles outside Japan, mainly in emerging Asia where a bike is the family's everyday transport, so that region carries the company. Outboard engines are the second pillar, strongest in North America, where boat builders fit them to new boats and dealers sell them for replacement.
In one line: A powersports company like a Japanese Polaris/Brunswick combined.
Moat: narrow (brand, distribution). Strong global brand recognition in motorcycles and marine outboards with established dealer networks.
Headquarters: Iwata, Japan · Founded: 1955 · Employees: 55,176
Size Yamaha Motor (7272.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $10.1B, the 136th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,668 on 6 Nov 2026.
Performance Over six months the shares gained 53.9%, against -15.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +5.8%); the operating margin is 6.2% (peer median 4.3%).
Valuation It trades at 9.3× forward earnings against a peer median of 15.1× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points below its cost of capital (7.2% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.75T | ¥2.53T | ¥2.58T | ¥2.41T | ¥2.25T |
| Revenue growth | — | -2% | +7% | +7% | — |
| Gross profit | ¥857B | ¥785B | ¥822B | ¥812B | ¥634B |
| EBITDA | ¥263B | ¥192B | ¥263B | ¥310B | ¥285B |
| Net income | ¥76.9B | ¥16.1B | ¥108B | ¥158B | ¥174B |
| Free cash flow | ¥133B | ¥25.3B | ¥61.0B | -¥23.0B | -¥18.5B |
| Capital expenditure | ¥123B | ¥113B | ¥116B | ¥109B | ¥89.4B |
| Total debt | ¥1.03T | ¥1.04T | ¥952B | ¥844B | ¥621B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yamaha Motor 7272.T | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% |
| Honda Motor 7267.T | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% |
| Polaris PII | $3.59B | -8% | +9% | 2% | 22.2× | 18.1% |
| Brunswick BC | $5.00B | -5% | +10% | 6% | 14.5× | 13.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7272.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | +5.7% | 4th lowest of 21 |
| 6-month return | +53.9% | -15.4% | 2nd highest of 21 |
| Distance from 52-week high | -16.1% | -28.1% | 6th highest of 21 |
| Revenue growth (TTM) | +9.9% | +5.8% | 9th highest of 21 |
| Operating margin | 6.2% | 4.3% | 9th highest of 21 |
| Forward P/E | 9.3× | 15.1× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 4.2% | 3.4% | 6th most demanding of 12 |
| Growth delivered (Del g) | +11.5% | +9.2% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | -7.3 pp | -4.1 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -1.2 pp | -1.1 pp | 10th highest of 19 |
| EV / EBITDA | 8.6× | 7.4× | 4th most expensive of 11 |
| Net debt / EBITDA | 2.4× | 1.1× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 139.8× | n/a | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Great Wall Motor 601633.SS | China | $15.0B | -29% | +8% | 2% | 15.1× | -7.1% | +16.4% |