International Dealer News IDN 143 June/July 2018 - Page 48

news ROOM NEWS BRIEFS Race Winning Brands (RWB), the Mentor, Ohio based parent company of Dutch piston and performance specialist ProX Racing Parts, has bought Rekluse, the Boise, Idaho based clutch manufacturer. A “portfolio company” of Kinderhook Industries Llc (of New York, who bought the then ProX parent company PMI from Dover Corp in early 2007), RWB, which describes itself as a “leading manufacturer of high-performance and racing application focused components”, also owns Wiseco and JE Pistons among others. Eicher Motors (Royal Enfield parent company) and Polaris Industries have closed down the ‘Multix’ personal utility vehicle manufacturing joint venture they established in 2012. Despite initial success with the project, Eicher Polaris Pvt Ltd is said to have lost money throughout its operation, with a $14.13 m loss for the year ended March 2017, taking Eicher’s total investment in the project to north of $40m. American distribution and manufacturing giant MAG has successfully completed its reorganisation process and emerged from its bankruptcy protection filing of November 2017. MAG is the parent company of well-known U.S. businesses such as distributor Tucker Rocky and parts and accessory brands and manufacturers such as Vance & Hines, Kuryakyn, Roland Sands, Performance Machine and UK based Renthal. Monroe shock absorber and former Marzocchi Suspension owner Tenneco has bought Federal Mogul from controversial billionaire activist investor Carl Icahan for some $5.4bn. Federal Mogul owns a number of businesses and brands that make powersports industry product of various kinds, most notably Italy based Ferodo brakes and Champion spark plugs and filters. Suzuki: increased net sales and income Suzuki has announced that it closed out its 2017-2018 financial year (31-03- 18) with increased net sales and income and “positive” forecasts for its operating results for the next fiscal year. The consolidated net sales of the recently completed fiscal year (April 2017 to March 2018) increased by 587.7 billion yen (+18.5%) to 3,757.2 billion yen compared to the previous fiscal year. Their Japanese domestic net sales increased by 79.2 billion yen (+7.6%) to 1,116.7 billion yen year-on-year, mainly owing to an increase in automobile sales. The overseas net sales increased by 508.5 billion yen (23.8%) to 2,640.5 billion yen year-onyear, mainly owing to an increase in automobile and motorcycle sales in markets including India and Europe. In their motorcycle business, the net sales increased by 40.1 billion yen (+19.4%) to 246.4 billion yen year-onyear, mainly owing to sales contribution of scooters in India and large displacement models in developed countries. The operating loss of 0.9 billion yen in the previous fiscal year improved to an operating income of 4.6 billion yen. With regard to the operating results by geographic region, Asia, Japan, Europe and other areas all saw increases in sales and income. Motorcycle unit sales to Europe were up by +43.6 percent at 10,000 units for the fourth quarter (January, February and March) of 2018, but remained down compared to the previous full year (by -10.9 percent at 40,000 units). North American sales for the year were up by 3,000 units to 35,000/+10.6 percent; domestic Japanese sales were -4 percent (60,000 units); Asian sales were +21.3 percent (1.261 m units); total worldwide sales, including ATVs, were +15.5 percent at 1.580 m units. Total global production was +19 percent (1.630 m units). Yamaha: Q1 net sales revenue +3.7%; unit sales down in Europe Reporting that earnings were “up solidly in the first quarter” and that profits rose “in all major product categories”, net sales for Yamaha Motor Co., Ltd.'s consolidated accounting period for the first quarter of the fiscal year ending December 31, 2018 [the quarter ending March 31st 2018] were 405.6 billion yen, (an increase of 19.5 billion yen or +5.1% compared with the same period the previous fiscal year), and operating income was 41.2 billion yen (an increase of 3.9 billion yen or 10.5%). Profitability improvements continued in the emerging markets motorcycle, marine and industrial machinery and robots businesses, absorbing the effect of the appreciating yen, and leading to increased sales and income. In motorcycle terms, net sales were 241.2 billion yen (an increase of 8.7 billion yen or +3.7% compared with the same period the previous fiscal year), and operating income was 14.5 billion yen (an increase of 0.6 billion yen or +4.3%). Unit sales in developed markets decreased due to factors such as a decline in total demand and irregular weather in Europe. Unit sales in emerging markets such as Indonesia, the Philippines and Brazil increased, but decreased in the Vietnamese market etc. Net sales decreased in developed markets due to an appreciation of the yen and lower unit sales, whereas net sales increased in emerging markets thanks to increases in unit sales. In terms of operating income, high profitability was maintained in the ASEAN region, helping to increase income, but, due to decreased income in developed markets etc., operating income overall was on par with the same period the previous fiscal year. No changes have been made to the anticipated consolidated business results for the fiscal year ending December 31, 2018, with sales forecast to reach 1,700.0 billion yen in net sales. 48 INTERNATIONAL DEALER NEWS - JUNE/JULY 2018 news ROOM Suzuki: increased net BRIEFS sales and income NEWS Race Winning Brands (RWB), the Mentor, Ohio based parent company of Dutch piston and performance specialist ProX Racing Parts, has bought Rekluse, the Boise, Idaho based clutch manufacturer. A “portfolio company” of Kinderhook Industries Llc (of New York, who bought the then ProX parent company PMI from Dover Corp in early 2007), RWB, which describes itself as a “leading manufacturer of high-performance and racing application focused components”, also owns Wiseco and JE Pistons among others. Eicher Motors (Royal Enfield parent company) and Polaris Industries have closed down the ‘Multix’ personal utility vehicle manufacturing joint venture they established in 2012. Despite initial success with the project, Eicher Polaris Pvt Ltd is said to have lost money throughout its operation, with a $14.13 m loss for the year ended March 2017, taking Eicher’s total investment in the project to north of $40m. American distribution and manufacturing giant MAG has successfully completed its reorganisation process and emerged from its bankruptcy protection filing of November 2017. MAG is the parent company of well-known U.S. businesses such as distributor Tucker Rocky and parts and accessory brands and manufacturers such as Vance & Hines, Kuryakyn, Roland Sands, Performance Machine and UK based Renthal. Monroe shock absorber and former Marzocchi Suspension owner Tenneco has bought Federal Mogul from controversial billionaire activist investor Carl Icahan for some $5.4bn. Federal Mogul owns a number of businesses and brands that make powersports industry product of various kinds, most notably Italy based Ferodo brakes and Champion spark plugs and filters. 48 Suzuki has announced that it closed out its 2017-2018 financial year (31-03- 18) with increased net sales and income and “positive” forecasts for its operating results for the next fiscal year. The consolidated net sales of the recently completed fiscal year (April 2017 to March 2018) increased by 587.7 billion yen (+18.5%) to 3,757.2 billion yen compared to the previous fiscal year. Their Japanese domestic net sales increased by 79.2 billion yen (+7.6%) to 1,116.7 billion yen year-on-year, mainly owing to an increase in automobile sales. The overseas net sales increased by 508.5 billion yen (23.8%) to 2,640.5 billion yen year-on- year, mainly owing to an increase in automobile and motorcycle sales in markets including India and Europe. In their motorcycle business, the net sales increased by 40.1 billion yen (+19.4%) to 246.4 billion yen year-on- year, mainly owing to sales contribution of scooters in India and large displacement models in developed countries. The operating loss of 0.9 billion yen in the previous fiscal year improved to an operating income of 4.6 billion yen. With regard to the operating results by geographic region, Asia, Japan, Europe and other areas all saw increases in sales and income. Motorcycle unit sales to Europe were up by +43.6 percent at 10,000 units for the fourth quarter (January, February and March) of 2018, but remained down compared to the previous full year (by -10.9 percent at 40,000 units). North American sales for the year were up by 3,000 units to 35,000/+10.6 percent; domestic Japanese sales were -4 percent (60,000 units); Asian sales were +21.3 percent (1.261 m units); total worldwide sales, including ATVs, were +15.5 percent at 1.580 m units. Total global production was +19 percent (1.630 m units). Yamaha: Q1 net sales revenue +3.7%; unit sales down in Europe Reporting that earnings were “up solidly in the first quarter” and that profits rose “in all major product categories”, net sales for Yamaha Motor Co., Ltd.'s consolidated accounting period for the first quarter of the fiscal year ending December 31, 2018 [the quarter ending March 31st 2018] were 405.6 billion yen, (an increase of 19.5 billion yen or +5.1% compared with the same period the previous fiscal year), and operating income was 41.2 billion yen (an increase of 3.9 billion yen or 10.5%). Profitability improvements continued in the emerging markets motorcycle, marine and industrial machinery and robots businesses, absorbing the effect INTERNATIONAL DEALER NEWS - JUNE/JULY 2018 of the appreciating yen, [XY[[ܙX\Y[\[[YK[[ܘXH\\][\\H K[[ۈY[ [[ܙX\Hو [[ۈY[܂ˍH\\Y]H[YB\[H][\\[YX\K[\][[YH\ M B[[ۈY[ [[ܙX\Hو [[ۈY[܈ JK[][\[][YX\]™XܙX\YYHXܜX\HX[H[[[X[[\Y[\X]\[]\K[][\[[Y\[X\]œX\[ۙ\XKB[\[\[^[[ܙX\Y ]XܙX\Y[BY]\HX\]]˂][\XܙX\Y[][YX\]YH[\XX][ۈوHY[[\[][\\X\][\[ܙX\Y[[Y\[›X\][[ܙX\\[[][\ˈ[\\و\][š[YKYٚ]X[]H\›XZ[Z[Y[HTPSY[ۋ[[[ܙX\B[YK] YHXܙX\Y[YH[][YX\]™]ˋ\][[YHݙ\[\ۈ\]H[YB\[H][\\[YX\[\]HY[XYHH[X\]YۜY]Y\[\\[܈H\[YX\[[X[X\ K N ][\ܙX\XXK [[ۈY[[][\