Increasing Exports Can’t Stem Yanmar’s Declining Profits

Japan’s Yanmar group has reported an 80% drop in net profits for its 2018-19 financial year ended March 31, 2019, despite a 4% increase in revenues to the equivalent of $7.4 billion that built on the 2% rise recorded in the prior 12 month period.

Just over half of this record figure for Yanmar group revenues was earned from export markets for the first time as the group built its presence in the agricultural and…

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