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Yamaha Motor ヤマハ発動機(株)

Official name: YAMAHA MOTOR CO., LTD.

Code 7272 · Prime market · Sector: Automobiles & Transportation Equipment

Themes: Robotics

Special items

Next results date: (13:00 JST), as the company's IR page states

ROE

1.4%

Book value per share and ROESource: Financial Services Agency (EDINET) — as of 2026-03-23higher than 4 of 99
FCF margin

2.1%

Free cash flow and its inputsSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23higher than 27 of 90
Equity ratio

39%

Equity ratioSource: Financial Services Agency (EDINET) — as of 2026-03-23higher than 35 of 100
Revenue growth (5y CAGR)

—

Revenue and operating marginSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

spans a change from Japanese GAAP to IFRS

ROE, equity ratio, FCF margin and growth come from the latest annual report on EDINET. PBR and dividend yield use the weekly reference close. Ranks compare with the companies among the 100 that have a value.

In plain words

  • Operating cash flow was 8.60 times net profit in the fiscal year to December 2025.
  • Free cash flow was ¥52.5 billion in the fiscal year to December 2025, 2.1% of revenue.
  • The dividend was ¥35 per share in the fiscal year to December 2025, covered 0.47 times by earnings per share.
  • Equity was 39.0% of total assets at the end of December 2025.

Growth

Yearly growth of revenue, earnings per share and the dividend over 5 fiscal years (CAGR).

Revenue, 5y CAGR

—

spans a change from Japanese GAAP to IFRS

EPS, 5y CAGR

—

spans a change from Japanese GAAP to IFRS

Revenue

RevenueSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-2300.5T1T1.5T2T2.5T3T2016-122017-122018-122019-122020-122021-122022-122023-122024-122025-12
RevenueSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-2300.5T1T1.5T2T2.5T3T2017-122019-122021-122023-122025-12
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Revenue (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateRevenue
2016-12-31¥1,502,834,000,000
2017-12-31¥1,670,090,000,000
2018-12-31¥1,673,137,000,000
2019-12-31¥1,664,764,000,000
2020-12-31¥1,471,298,000,000
2021-12-31¥1,812,496,000,000
2022-12-31¥2,248,456,000,000
2023-12-31¥2,414,759,000,000
2024-12-31¥2,576,179,000,000
2025-12-31¥2,534,203,000,000

Basic EPS / DPS

  • Basic EPS
  • DPS
Basic EPS / DPSSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230501001502002016-12-312025-12-31
Basic EPS / DPSSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230501001502002016-12-312025-12-31
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Basic EPS (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • Basic EPS (2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • DPS (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • DPS (2021-12-31, 2022-12-31, 2023-12-31): adjusted for 3:1 split effective 2024-01-01
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateBasic EPSDPS
2016-12-31¥60.28¥20
2017-12-31¥96.98¥29.33
2018-12-31¥89.12¥30
2019-12-31¥72.28¥30
2020-12-31¥50.63¥20
2021-12-31¥148.56¥38.33
2022-12-31¥170.49¥41.67
2023-12-31¥157.89¥48.33
2024-12-31¥110.12¥50
2025-12-31¥16.59¥35
How it's calculated

Short periods from a fiscal-year change are skipped. A starting value of zero or below gives no rate.

Profitability

Profit per yen of sales and of assets, and the three DuPont factors that multiply to ROE (ROE, ROA, DuPont analysis).

Operating margin

Operating marginSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%2%4%6%8%10%12%2016-12-312025-12-31
Operating marginSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%2%4%6%8%10%12%2016-12-312025-12-31
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Operating margin (2016-12-31, 2017-12-31, 2018-12-31): using ordinary income (経常利益) (operating income not separately tagged); reported under JGAAP (current filings use IFRS)
  • Operating margin (2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS)
  • Operating margin (2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS); using ordinary income (経常利益) (operating income not separately tagged)
  • Operating margin (2023-12-31): using profit before tax (IFRS) (operating income not separately tagged)
Show data table
DateOperating margin
2016-12-316.792%
2017-12-319.271%
2018-12-318.246%
2019-12-316.93%
2020-12-315.551%
2021-12-3110.45%
2022-12-3110.643%
2023-12-319.776%
2024-12-317.046%
2025-12-314.987%

Return on equity

Return on equitySource: Financial Services Agency (EDINET) — as of 2026-03-230%5%10%15%20%2016-12-312025-12-31
Return on equitySource: Financial Services Agency (EDINET) — as of 2026-03-230%5%10%15%20%2016-12-312025-12-31
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Return on equity (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateReturn on equity
2016-12-3112.3%
2017-12-3117.6%
2018-12-3114.6%
2019-12-3111.1%
2020-12-317.5%
2021-12-3119.8%
2022-12-3118.7%
2023-12-3115.5%
2024-12-319.7%
2025-12-311.4%

Net margin / ROA

  • Net margin
  • ROA
Net margin / ROASource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%2%4%6%8%10%2016-12-312025-12-31
Net margin / ROASource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%2%4%6%8%10%2016-12-312025-12-31
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Net margin (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • ROA (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
Show data table
DateNet marginROA
2016-12-314.202%4.789%
2017-12-316.084%7.176%
2018-12-315.58%6.571%
2019-12-314.549%4.941%
2020-12-313.607%3.234%
2021-12-318.584%8.488%
2022-12-317.758%7.996%
2023-12-316.561%6.18%
2024-12-314.195%3.882%
2025-12-310.636%0.555%

Asset turnover / Leverage (assets / equity)

  • Asset turnover
  • Leverage (assets / equity)
Asset turnover / Leverage (assets / equity)Source: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230x0.5x1x1.5x2x2.5x3x2016-12-312025-12-31
Asset turnover / Leverage (assets / equity)Source: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230x0.5x1x1.5x2x2.5x3x2016-12-312025-12-31
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Asset turnover (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Leverage (assets / equity) (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31): reported under JGAAP (current filings use IFRS)
Show data table
DateAsset turnoverLeverage (assets / equity)
2016-12-311.14x2.29x
2017-12-311.18x2.13x
2018-12-311.18x2.04x
2019-12-311.09x2.04x
2020-12-310.9x2.19x
2021-12-310.99x2.04x
2022-12-311.03x2.26x
2023-12-310.94x2.38x
2024-12-310.93x2.4x
2025-12-310.87x2.56x
How it's calculated

The ROE line is the company's filed figure, computed on average equity. The DuPont factors use year-end figures, so their product can differ slightly.

Cash

Cash from operations, cash spent on investment, and what was left (free cash flow, cash conversion).

Free cash flow

+¥52.5 billion

the fiscal year to December 2025

FCF margin

+2.1%

Free cash flow and its inputsSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

the fiscal year to December 2025

Cash conversion

8.6x

Free cash flow and its inputsSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

the fiscal year to December 2025

Cash / total assets

13.7%

the fiscal year to December 2025

Free cash flow and its inputs

Free cash flow and its inputsSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23−50B050B100B2016-122017-122018-122019-122020-122021-122022-122023-122024-122025-12
Free cash flow and its inputsSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23−50B050B100B2017-122019-122021-122023-122025-12
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Free cash flow (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Operating cash flow (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Investing cash flow (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Financing cash flow (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • FCF margin (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Cash conversion (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateFree cash flowOperating cash flowInvesting cash flowFinancing cash flowFCF marginCash conversion
2016-12-31+¥96,622,000,000+¥143,163,000,000−¥46,541,000,000−¥67,627,000,0006.429%2.27x
2017-12-31+¥73,148,000,000+¥126,342,000,000−¥53,194,000,000−¥52,830,000,0004.38%1.24x
2018-12-31+¥10,584,000,000+¥58,858,000,000−¥48,274,000,000−¥26,423,000,0000.633%0.63x
2019-12-31+¥19,465,000,000+¥99,127,000,000−¥79,662,000,000−¥36,760,000,0001.169%1.31x
2020-12-31+¥66,537,000,000+¥110,487,000,000−¥43,950,000,000+¥83,668,000,0004.522%2.08x
2021-12-31+¥90,310,000,000+¥141,336,000,000−¥51,026,000,000−¥93,488,000,0004.983%0.91x
2022-12-31−¥3,239,000,000+¥70,921,000,000−¥74,160,000,000+¥23,103,000,000−0.144%0.41x
2023-12-31−¥30,095,000,000+¥86,031,000,000−¥116,126,000,000+¥88,532,000,000−1.246%0.54x
2024-12-31+¥48,099,000,000+¥176,847,000,000−¥128,748,000,000−¥46,426,000,0001.867%1.64x
2025-12-31+¥52,481,000,000+¥138,605,000,000−¥86,124,000,000−¥30,428,000,0002.071%8.6x

Cash and cash equivalents at year end

Cash and cash equivalents at year endSource: Financial Services Agency (EDINET) — as of 2026-03-230100B200B300B400B2016-122017-122018-122019-122020-122021-122022-122023-122024-122025-12
Cash and cash equivalents at year endSource: Financial Services Agency (EDINET) — as of 2026-03-230100B200B300B400B2017-122019-122021-122023-122025-12
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Cash and cash equivalents (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateCash and cash equivalents
2016-12-31¥135,527,000,000
2017-12-31¥155,635,000,000
2018-12-31¥138,156,000,000
2019-12-31¥122,719,000,000
2020-12-31¥267,180,000,000
2021-12-31¥274,936,000,000
2022-12-31¥296,819,000,000
2023-12-31¥347,016,000,000
2024-12-31¥372,999,000,000
2025-12-31¥398,904,000,000
How it's calculated
  • Free cash flow (FCF): FCF = Operating cash flow + Investing cash flow
  • FCF margin: FCF margin = Free cash flow / Revenue
  • Cash conversion: Cash conversion = Operating cash flow / Net profit attributable to owners
  • Cash / total assets: Cash and cash equivalents at year end / Total assets

Investing cash flow is negative when the company invests, so FCF is operating cash flow minus what was invested. Filings give no consistent debt line, so cash is shown against total assets instead of as net cash.

Dividends

The dividend per share over time, the share of profit it took, its size against book value, and how many times earnings covered it (DOE, dividend cover, payout ratio).

Dividend per share and record

Dividend per share and recordSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23010203040502016-122017-122018-122019-122020-122021-122022-122023-122024-122025-12
Dividend per share and recordSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23010203040502017-122019-122021-122023-122025-12
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • DPS (2016-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • DPS (2017-12-31, 2018-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01; increased vs prior year
  • DPS (2019-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01; held flat vs prior year
  • DPS (2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01; cut vs prior year
  • DPS (2021-12-31, 2022-12-31, 2023-12-31): adjusted for 3:1 split effective 2024-01-01; increased vs prior year
  • DPS (2024-12-31): increased vs prior year
  • DPS (2025-12-31): cut vs prior year
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateDPS
2016-12-31¥20
2017-12-31¥29.33
2018-12-31¥30
2019-12-31¥30
2020-12-31¥20
2021-12-31¥38.33
2022-12-31¥41.67
2023-12-31¥48.33
2024-12-31¥50
2025-12-31¥35

0 consecutive fiscal years without a dividend cut, including 0 years of increases in a row. The count runs back from the latest year with a dividend figure and stops at a gap or a fiscal-year change.

DOE

3%

DOE, dividend cover and sustainable growthSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

the fiscal year to December 2025

Dividend cover

0.47x

DOE, dividend cover and sustainable growthSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

the fiscal year to December 2025

Sustainable growth

—

DOE, dividend cover and sustainable growthSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-23

needs a payout between 0% and 100%

Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Payout ratio

Payout ratioSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%50%100%150%200%250%2016-12-312025-12-31
Payout ratioSource: Financial Services Agency (EDINET), KabuFacts — as of 2026-03-230%50%100%150%200%250%2016-12-312025-12-31
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Notes

  • Payout ratio (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • Payout ratio (2021-12-31, 2022-12-31): adjusted for 3:1 split effective 2024-01-01; reported under JGAAP (current filings use IFRS)
  • Payout ratio (2023-12-31): adjusted for 3:1 split effective 2024-01-01
Show data table
DatePayout ratio
2016-12-3133.179%
2017-12-3130.248%
2018-12-3133.664%
2019-12-3141.507%
2020-12-3139.502%
2021-12-3125.803%
2022-12-3124.439%
2023-12-3130.612%
2024-12-3145.405%
2025-12-31210.97%
How it's calculated

Balance sheet

Equity as a share of assets, Altman's Z'' balance-sheet score and the nine Piotroski accounting checks (equity ratio, Altman Z'', Piotroski F-score).

Equity ratio

Equity ratioSource: Financial Services Agency (EDINET) — as of 2026-03-230%10%20%30%40%50%2016-12-312025-12-31
Equity ratioSource: Financial Services Agency (EDINET) — as of 2026-03-230%10%20%30%40%50%2016-12-312025-12-31
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Equity ratio (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateEquity ratio
2016-12-3140.5%
2017-12-3144%
2018-12-3146.3%
2019-12-3146%
2020-12-3143.6%
2021-12-3146.9%
2022-12-3144.2%
2023-12-3142%
2024-12-3141.7%
2025-12-3139%

Net income, total assets and equity

  • Net income (owners of parent)
  • Total assets
  • Equity attributable to owners of parent
Net income, total assets and equitySource: Financial Services Agency (EDINET) — as of 2026-03-2301T2T3T2016-12-312025-12-31
Net income, total assets and equitySource: Financial Services Agency (EDINET) — as of 2026-03-2301T2T3T2016-12-312025-12-31
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Net income (owners of parent) (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31, 2022-12-31): reported under JGAAP (current filings use IFRS)
  • Total assets (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31): reported under JGAAP (current filings use IFRS)
  • Equity attributable to owners of parent (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31, 2021-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateNet income (owners of parent)Total assetsEquity attributable to owners of parent
2016-12-31+¥63,153,000,000¥1,318,776,000,000¥575,404,000,000
2017-12-31+¥101,603,000,000¥1,415,845,000,000¥665,232,000,000
2018-12-31+¥93,366,000,000¥1,420,854,000,000¥695,743,000,000
2019-12-31+¥75,736,000,000¥1,532,810,000,000¥751,828,000,000
2020-12-31+¥53,072,000,000¥1,640,913,000,000¥749,158,000,000
2021-12-31+¥155,578,000,000¥1,832,917,000,000¥900,670,000,000
2022-12-31+¥174,439,000,000¥2,181,499,000,000¥964,153,000,000
2023-12-31+¥158,421,000,000¥2,563,561,000,000¥1,075,774,000,000
2024-12-31+¥108,069,000,000¥2,783,501,000,000¥1,161,569,000,000
2025-12-31+¥16,109,000,000¥2,902,584,000,000¥1,132,238,000,000

Book value per share

Book value per shareSource: Financial Services Agency (EDINET) — as of 2026-03-2302004006008001,0001,2002016-122017-122018-122019-122020-122021-122022-122023-122024-122025-12
Book value per shareSource: Financial Services Agency (EDINET) — as of 2026-03-2302004006008001,0001,2002017-122019-122021-122023-122025-12
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Book value per share (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • Book value per share (2021-12-31): reported under JGAAP (current filings use IFRS)
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateBook value per share
2016-12-31¥509.84
2017-12-31¥594.45
2018-12-31¥627.55
2019-12-31¥672.95
2020-12-31¥681.72
2021-12-31¥828.1
2022-12-31¥950.24
2023-12-31¥1,084.96
2024-12-31¥1,188.23
2025-12-31¥1,166.8

Altman Z'' score

Z''

3.37

the fiscal year to December 2025

Z'' was 3.37 in the fiscal year to December 2025, in what Altman calls the safe zone. His bands: above 2.6 safe, 1.1 to 2.6 grey, below 1.1 distress.

  • X1 working capital / total assets0.194 × 6.56 = 1.27
  • X2 retained earnings / total assets0.327 × 3.26 = 1.07
  • X3 operating income / total assets0.044 × 6.72 = 0.29
  • X4 equity / total liabilities0.703 × 1.05 = 0.74
  • Z''3.37

Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Piotroski checklist

Comparing the fiscal year to December 2025 with the year before: 5 of the 9 checks that could be evaluated (9 in total) answered yes.

  • Net profit is positive (ROA above zero)Yes
  • Operating cash flow is positiveYes
  • ROA higher than the year beforeNo
  • Operating cash flow larger than net profitYes
  • Liabilities / total assets lower than the year beforeNo
  • Current ratio higher than the year beforeYes
  • No increase in shares issuedYes
  • Gross margin higher than the year beforeNo
  • Asset turnover higher than the year beforeNo
How it's calculated
  • Equity ratio: Equity ratio = Equity / Total assets
  • Altman Z'' score: Z'' = 6.56 x (Working capital / Total assets) + 3.26 x (Retained earnings / Total assets) + 6.72 x (Operating income / Total assets) + 1.05 x (Equity / Total liabilities)
  • Piotroski F-score: F-score = number of the nine checks passed (shown as 'passed of evaluated')

Z'' is Altman's 1995 form for non-manufacturers and non-US companies, using book equity rather than the share price. Piotroski's debt check uses liabilities divided by total assets, because filings carry no consistent debt line. A check whose input is missing counts neither way.

Owners & people

Who holds the shares by category, the company-reported total shareholder return, and the workforce (shareholder composition, TSR, average salary).

Shareholding by owner category

  1. Financial institutions31.43%104 shareholders
  2. Individuals and others28.93%449,041 shareholders
  3. Foreign corporations etc.27.56%698 shareholders
  4. Other corporations8.93%1,967 shareholders
  5. Securities firms3.07%45 shareholders
  6. Foreign individuals0.07%2,045 shareholders
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-03-23 Download CSV

Note: treasury shares are not a separate category here: filings count them inside individuals and others (個人その他).

Shares outstanding vs treasury shares

  • Total shares issued
  • Treasury shares
Shares outstanding vs treasury sharesSource: Financial Services Agency (EDINET) — as of 2026-03-2300.2B0.4B0.6B0.8B1B1.2B2016-12-312025-12-31
Shares outstanding vs treasury sharesSource: Financial Services Agency (EDINET) — as of 2026-03-2300.2B0.4B0.6B0.8B1B1.2B2016-12-312025-12-31
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • Total shares issued (2016-12-31, 2017-12-31, 2018-12-31, 2019-12-31, 2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • Total shares issued (2021-12-31, 2022-12-31, 2023-12-31): adjusted for 3:1 split effective 2024-01-01
  • Treasury shares (2020-12-31): reported under JGAAP (current filings use IFRS); adjusted for 3:1 split effective 2024-01-01
  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateTotal shares issued (shares)Treasury shares (shares)
2016-12-311,049,742,000—
2017-12-311,049,742,000—
2018-12-311,049,742,000—
2019-12-311,050,039,000—
2020-12-311,050,366,0001,927,200
2021-12-311,050,651,000—
2022-12-311,050,651,000—
2023-12-311,050,651,000—
2024-12-311,026,354,000—
2025-12-311,018,125,00047,635,300

Total shareholder return (company-reported)

Total shareholder return (company-reported)Source: Financial Services Agency (EDINET) — as of 2026-03-230%50%100%150%200%250%2021-12-312025-12-31
Total shareholder return (company-reported)Source: Financial Services Agency (EDINET) — as of 2026-03-230%50%100%150%200%250%2021-12-312025-12-31
Source: Financial Services Agency (EDINET) · as of 2026-03-23 Download CSV

Notes

  • FY ended December 2021, FY ended December 2022, FY ended December 2023, FY ended December 2024, FY ended December 2025: read from S100XRTH, shown as filed. Amended annual reports filed later: S100XWXF, S100YTNH, S100YTNF (Corrections filed).
Show data table
DateTotal shareholder return since FY2020 (100% = break-even), as reported
2021-12-31+136.6%
2022-12-31+154.5%
2023-12-31+197.9%
2024-12-31+225.7%
2025-12-31+195.7%

TSR rows share one starting point: the fiscal year end five years before the latest report. The first row covers one year and the last covers five. 100% means the holding, dividends included, was worth what it cost; the company reports the figure.

People

Average salary

¥8.3 million

Average age

42.7 years

Average tenure

18.1 years

Revenue per employee

¥45.9 million

Average salary, age and tenure cover the parent company's own employees (提出会社), as filed. Revenue per employee divides group revenue by group employees.

Where each figure comes from

Each trail lists every year with its EDINET filing and the exact XBRL line.

Weekly snapshot

Reference close†Market cap (issued shares)‡PER (actual)‡PBR‡Yield (trailing)‡ROE‡Equity ratio‡
¥1,811¥1.84 trillion109.16x1.55x1.93%1.4%39%

† Reference close for the week ending 9 October 2026. ‡ Computed from the EDINET filings and the reference close.

IR events

Next: (13:00 JST) · Results

JSTEventCompany's own titleStatus
13:00ResultsFY2026 3Q Earnings AnnouncementScheduled

Subscribe in your calendar (Yamaha Motor)Google CalendarOutlook.ics file

The past year

Corrections filed

Amended reports filed on EDINET since 12 October 2021, newest first (12).

Japan earnings calendar for the 100

Capital actions

EDINET filings in the 12 months to 9 October 2026.

Buybacks

No buyback filings (自己株券買付状況報告書) found for this company in the trailing 12 months.

Large-holding filings

DateFilerTypeHolding ratioPrior ratioEDINET docID
2026-09-04ブラックロック・ジャパン株式会社Change report (exempt securities)7.42%7.87%S100Z08X
2026-08-31シルチェスター・インターナショナル・インベスターズ・エルエルピーChange report——S100YZKG
2026-07-06三井住友信託銀行株式会社Change report (exempt securities)5.99%6.18%S100YO7C
2026-03-06野村アセットマネジメント株式会社Change report (exempt securities)7.44%7.27%S100XP2W
2026-02-05三井住友信託銀行株式会社Change report (exempt securities)6.18%6.24%S100XIU4
2026-01-21三井住友信託銀行株式会社Change report (exempt securities)6.24%6.17%S100XGD8
2026-01-08三井住友信託銀行株式会社Change report (exempt securities)6.17%6.22%S100XE4J
2025-12-18ブラックロック・ジャパン株式会社Change report (exempt securities)7.87%7.3%S100XBAB
2025-12-04野村アセットマネジメント株式会社Change report (exempt securities)7.27%7.21%S100X87R
2025-10-22野村アセットマネジメント株式会社Change report (exempt securities)7.21%7.73%S100WW4R
2025-10-21三井住友信託銀行株式会社Change report (exempt securities)6.22%6.23%S100WVPH
2025-10-14シルチェスター・インターナショナル・インベスターズ・エルエルピーChange report——S100WUOM
2025-10-06野村證券株式会社Change report (exempt securities)7.73%6.83%S100WT2V
2025-10-06三井住友信託銀行株式会社Change report (exempt securities)6.23%6.15%S100WSQK

Takeover-bid filings

No takeover-bid filing (公開買付届出書) or target-company opinion named this company in the 12 months.

Leverage

Liabilities were 1.56x equity, worked out from the equity ratio as (1 ÷ equity ratio) − 1. It is an estimate from the balance sheet, not a reported debt figure.

Rank among the 100 companies on six measures

Each rank is a percentile among the companies with a value: 0 is the lowest, 100 the highest. "Shareholder returns" counts dividend growth only, not buybacks.

MeasureRank among the 100 (percentile)Inputs
Growth (5y revenue CAGR)insufficient data5y revenue CAGR: — · Stocks ranked (n): 87
Profitability (ROE, 3y average)35ROE (3y average): 8.87% · Stocks ranked (n): 100
Balance sheet (equity ratio)36Equity ratio: 39% · Stocks ranked (n): 100
Valuation vs own history (PBR)insufficient dataCurrent PBR: 1.55x · 10y median PBR: — · Stocks ranked (n): 0
Shareholder returns (DPS CAGR)325y DPS CAGR: 11.84% · Buyback yield: — · Stocks ranked (n): 95
Momentum (52-week range position)insufficient data52-week range position: — · Stocks ranked (n): 0

Themes

  • Robotics: The word ロボティクス appears 6 times in the business description (事業の内容) of the latest annual report (EDINET S100XRTH). Excerpt: …成され、ランドモビリティ、マリン、アウトドアランドビークル、ロボティクス、金融サービス及びその他の事業を行っています。それぞれの事業における主要製品及びサービス、並びに当社…

What changed since last week

No figure for this company crossed a change threshold since the previous week.