Yamaha Motor Co. said Wednesday it will probably achieve the sales and profit targets stipulated under its three-year business plan one year ahead of schedule in March.
It attributed the forecast to brisk motorcycle sales in Asia.
Under the plan, which was launched in April 2002 and runs through March 2005, the motorcycle maker aims to generate 1.07 trillion yen in group sales and 72 billion yen in net profit.
But the firm now expects its group sales to reach 1.02 trillion yen and net profit to hit 71 billion yen, both by this March.
The firm attributed the performance to an increase in Asian sales, especially those in China, where sales have posted a roughly four-fold rise from fiscal 2002.
In China, the firm sold 69,000 units in fiscal 2002 and expects to sell 293,000 units in fiscal 2003.
In fiscal 2004, the motorcycle maker aims to boost its Asian sales by 17.6 percent to 2.15 million units via the introduction of new models. Its global sales target represents a 15.4 percent increase to 3.13 million units.
Yamaha President Toru Hasegawa said the firm's overseas sales comprise about 80 percent of its total sales.