Professional Documents
Culture Documents
2021 Factbook
2021 Factbook
Contents
Corporate Section
2 Corporate Profile
2 Corporate Philosophy (Corporate Mission / Management Principles / Action Guidelines)
2 Brand Slogan
3 Operating Performance
3 Sales Breakdown by Segment
3 Sales Breakdown by Region
4 Organization
5 Board of Directors, Audit & Supervisory Board Members and Executive Officers
6 Group Companies
7 History
8 Number of Employees / Number of Recruited Graduates
Corporate Section
Corporate Profile
Corporate name: Yamaha Motor Co., Ltd.
Founded: July 1, 1955
Headquarters: 2500 Shingai, Iwata, Shizuoka 438-8501, Japan
President: Yoshihiro Hidaka
Capital: 85,973 million yen (as of Dec. 31, 2020)
Number of shares: Authorized: 900,000,000
Issued: 350,122,835 (as of Dec. 31, 2020)
Number of employees: Consolidated basis: 52,437 Yamaha Motor Co., Ltd.
Non-consolidated basis: 10,359 (as of Dec. 31, 2020)
Group companies: Number of consolidated subsidiaries: 135 (Japan: 24 Overseas: 111)
Number of non-consolidated subsidiaries accounted for by the equity method: 5
Number of non-consolidated affiliates accounted for by the equity method: 29 (as of Dec. 31, 2020)
Lines of business: Manufacture and sales of motorcycles, scooters, electrically power-assisted bicycles, boats, sailboats, personal watercraft,
pools, utility boats, fishing boats, outboard motors, ATVs, recreational off-highway vehicles, racing kart engines, golf cars,
multi-purpose engines, generators, water pumps, snowmobiles, small snow blowers, automobile engines, surface
mounters, intelligent machinery, industrial-use unmanned helicopters, electrical power units for wheelchairs, helmets. Im-
port and sales of various types of products, development of tourist businesses and management of leisure, recreational
facilities and related services.
- Corporate Mission -
Kando* Creating Company
Offering new excitement and a more fulfilling life for people all
over the world
Yamaha Motor strives to realize peoples’ dreams with ingenuity and passion,
and to always be a company people look to for the next exciting product or
concept that provides exceptional value and deep satisfaction.
* Kando is a Japanese word for the simultaneous feelings of deep satisfaction and intense excitement that we
experience when we encounter something of exceptional value.
Introducing Yamaha Motor’s brand slogan,
- Management Principles - “Revs your Heart”.
1. Creating value that surpasses customer expectations Empowered by a passion for innovation,
To continue to produce value that moves people, we must remain keenly we create exceptional value and experiences
aware of the customer’s evolving needs.
We must strive to find success by always surpassing customer expecta-
that enrich the lives of our customers.
tions with safe, high-quality products and services.
2. E stablishing a corporate environment that fosters self-esteem
We must build a corporate culture that encourages enterprise and en-
hances corporate vitality.
The focus will be on nurturing the creativity and ability of our employees,
with an equitable system of evaluation and rewards.
3. Fulfilling social responsibilities globally
As a good corporate citizen, we act from a worldwide perspective and in
accordance with global standards.
We must conduct our corporate activities with concern for the environ-
ment and communities and fulfill our social responsibility with honesty
and sincerity.
- Action Guidelines -
Acting with Speed Meeting change with swift and informed action
Spirit of Challenge Courage to set higher goals without fear of failure
Persistence Working with tenacity to achieve desired results,
and then evaluating them
2
Operating Performance (Consolidated Basis)
(Unit: billion ¥; rounded off to one decimal place)
3
Organization (As of April 1, 2021)
Integrated Auditing Division
Human Resources & General Affairs Center
Human Resources Division
Global Human Resources Development Division
General Affairs Division
Sustainability Division
Legal & Intellectual Property Division
General Meeting of Shareholders International Trade Control Division
Government & Industrial Affairs Division
Audit & Supervisory Board Audit & Supervisory Board
Corporate Planning & Finance Center
Members’ Office Corporate Planning Division
Board of Directors Finance & Accounting Division
Chairman Business Process Innovation Division
President & CEO* Management Committee Corporate Communication Division
Financial Service Development Division
Sustainability Committee Yamaha Motor Biz Partner Co., Ltd. (YMBP)
IT* Center *Accounting operation/business management
4
Board of Directors, Audit & Supervisory Board Members and Executive Officers
(As of April 1, 2021)
Director (Outside)
Motorcycle Business Unit, Land Mobility Business
Operations
Deputy
Takehiro Kamigama Executive Officer
Executive Officer
Akihiro Nagaya Deputy Executive Officer
Director (Outside) Chief General Manager of Creative Center and Ben Speciale
Yuko Tashiro General Manager of Brand Marketing Division,
Creative Center Deputy Executive Officer
Director (Outside) Executive Officer Jeffrey Young
Tetsuji Ohashi Motofumi Shitara Deputy Executive Officer
Managing Director of Yamaha Motor India Pvt.
Ltd., Managing Director of India Yamaha Motor Michael Chrzanowski
Audit & Supervisory Pvt. Ltd., and Managing Director of Yamaha Motor
India Sales Pvt. Ltd. Deputy Executive Officer
Board Members Executive Officer Olivier Prevost
Audit & Supervisory Board Member Dyonisius Beti
Kenji Hironaga COO of PT. Yamaha Indonesia Motor
Manufacturing
Audit & Supervisory Board Member Executive Officer
Junzo Saitoh Toshihiro Nozue
Audit & Supervisory Board Member Chief General Manager of Powertrain Unit and
Senior General Manager of Powertrain Planning
(Outside) Section, Powertrain Unit
Masatake Yone
Executive Officer
Audit & Supervisory Board Member Satoshi Hirose
(Outside) Chief General Manager of Quality Assurance
Eriko Kawai Center and Executive General Manager of
Customer Experience Business Unit
5
Group Companies
Number of Employees
Motorcycles
Product Profile
Motorcycles are used and loved by people all around the world as a ing a loud and clear message of its high performance and quality to
practical means for commuting as well as partners for recreation and dealerships and motorcyclists nationwide. Then in 1958, Yamaha
sport. Yamaha Motor caters to a wide range of needs with a diverse Motor took its business overseas for the first time by opening an
product lineup that includes scooters, used primarily for day-to-day office in Mexico. “It isn’t a product if it isn’t world-class.” As if seeking
mobility like commuting, shopping and commerce; motorcycles, with to realize founding president Genichi Kawakami’s words, the company
models suiting everything from city streets to long-distance touring; gradually built and expanded its customer base to markets in coun-
and even machines meant exclusively for closed-course competition. tries around the world.
10
TMAX560 TRICITY300 E-VINO AEROX
11
Land Mobility
Motorcycles (Continued)
FY2020 worldwide demand FY2020 worldwide demand and FY2020 Yamaha Motor unit sales
Note: Yamaha Motor surveys Yamaha Motor unit sales
Note: Yamaha Motor surveys
Japan 86 (2.3%)
Japan 366 (0.8%) Rest-of-world North America
Rest-of-world North America 579 (1.3%) Yamaha 403 (10.6%) 56 (1.5%)
7,904 (17.8%)
Europe 1,756 (3.9%) 3,802 (8.5%)
Europe 180
(4.7%)
7,000 1,100
996.9
1,000
6,000 131.9
5,390 5,374 900
823.5
461 463 5,056
5,000 800
458 109.8
700
4,000 3,802
600
403
651.8
500
3,000 505.3
4,558 4,576
4,261 400
Rest-of-world
Rest-of-world
2,000
3,077 300 Asia
Asia
Europe 200 Europe
1,000 132.8 131.5
North America 100 North America
199 70 67 63 56 42.3 39.3
103 176 93 186 88 180 86 Japan 38.2 37.7 Japan
0 0
’17 ’18 ’19 ’20 ’19 ’20
12
All-Terrain Vehicles & Recreational Off-highway Vehicles
Product Profile
All-terrain vehicles (ATVs) and recreational off-highway vehicles to bolster competitiveness in overseas markets and in Nor th
(ROVs) are vehicles specialized for off-road use and capable of han- America in particular.
dling all sorts of unpaved or rough terrain found in grasslands, moun-
tain trails, sandy areas and the like. ATVs seat one rider and have a Current Market Conditions
steering setup similar to a motorcycle, while ROVs are designed to fit The U.S. market alone accounts for over 50% of worldwide ATV de-
two or more people and are steered and operated more like an au- mand and Yamaha Motor meets the various needs of the country
tomobile. Both are used in a wide range of ways, from recreation with a diverse range of products covering use for utility, sport and
and sport to utility work on farms and ranches. more. The United States is also the main market for ROVs and in ad-
dition to demand as a partner for outdoor recreation, there is stable
Background of the Business demand for utility use in a variety of industries, and the market con-
Using technologies created and refined while developing and man- tinues to grow.
ufacturing off-road motorcycles, Yamaha launched the YT125 in
1979 as its first ATV. Since then, we have gone onto release a vari- Production
ety of models that answer real market needs. We also boast an ex- Name of company Location
tensive lineup in the ROV segment, including multi-purpose mod-
els, recreational models and pure-sport models. We are working Yamaha Motor Manufacturing Corporation of America* Georgia, U.S.A.
* Group company
Snowmobiles
13
Land Mobility
Product Profile
Electrically power-assisted bicycles (or e-Bikes) are bicycles equipped friendly vehicle that puts human perceptions f irst.” We then
with an electric motor and battery that send supplementary power launched the PAS in 1993 as the world’s first electrically power-
to the rider’s pedals. Yamaha pioneered this product with the 1993 assisted bicycle. Since then, Yamaha has continued working to grow
release of the PAS (Power Assist System) model, the first electrically the customer base and expand usage possibilities by refining its
power-assisted bicycle in the world. In addition to the ease of use products and promoting the benefits of e-Bikes to the public. In
and convenience of a conventional bicycle, e-Bikes gained wide- 2015, we launched the YPJ-R road bike model and followed up by
spread acceptance thanks to effectively addressing the drawbacks of adding other sport e-Bikes to the lineup. Yamaha also began export-
bicycles, like the difficulty of riding uphill, against the wind or with ing its drive units to bicycle makers overseas as an OEM supplier in
cargo. They are now used as a form of personal mobility for people 2013, and when including the units for complete Yamaha-brand bicy-
of all ages for a variety of uses, from commuting to work or school cles, aggregate production of drive units exceeds five million units.
and ferrying children to and from kindergarten to shopping trips and
deliveries in cities. More recently, sport e-Bikes designed for hobby- Current Market Conditions
ists have become popular and the e-Bike market in Europe is show- In addition to a larger number of users and usages, the e-Bike market
ing growth. is expanding domestically and internationally against the backdrop of
societal developments that include a heightened awareness of health
Background of the Business and environmental issues and changes in transpor tation environ-
As awareness of societal issues like the global climate crisis and Ja- ments. In the European market, where Germany and the Nether-
pan’s aging population grew in the 1980s, Yamaha began developing lands are posting particularly strong growth, demand for Yamaha
a new vehicle under the concept of “an eco-friendly and people- drive units continues to rise each year.
14
Assistance Ratio as Set by Legal Standards in Japan
Up to 10 km/h, electric power assists
pedaling at a maximum ratio of 1:2*
Above 10 km/h, electric power assist
Assisting power is moderated to keep the bicycle
Power ratio from going too fast
Above 24 km/h, electric power assist
is cut off
Pedaling power * The maximum ratio set by legal standards
Speed sensor
Pedaling power
Pedaling
1 3
Torque sensor Crank sensor 33%
(1/3)
Rear wheel 3. Crank sensor
Battery Controller 67%
(2/3)
1. Detects the amount of force applied to the pedals
2. Detects the speed of the bicycle while in motion
Motor Assist power 3. Detects the rotation speed of the pedals (crank)
Note: For the pedaling power of 33%, the assist power of 67% is the maximum ratio set by legal standards.
Production
Name of company Location
PAS drive units Yamaha Motor Electronics Co., Ltd.* Morimachi, Shizuoka, Japan
* Group company
Domestic Shipments of electrically power-assisted bicycles Yamaha Motor unit sales Yamaha Motor sales
Source: Ministry of Economy, Trade and Industry (METI) of CBU* models (CBU* models and OEM)
Current Production Statistics Survey, Japan Bicycle Promotion
Institute Processing and Analysis
Units Unit: thousands Unit: billion ¥
800,000 250 50
737,696
698,227 44.1 43.2
665,710 211 205
616,282 200 193 190 40
600,000
150 30
400,000
100 20
200,000
50 10
0 0 0
ʼ17 ʼ18 ʼ19 ʼ20 ʼ17 ʼ18 ʼ19 ʼ20 ʼ19 ʼ20
15
Marine Products
Marine Engines
Product Profile
Of the various types of marine engines used to propel boats, out- monitoring engine status and more, and the Helm Master EX boat
board motors are often used for small to medium-size boats and are control system that assists in maneuvering the craft. More than 90%
known for their excellent affordability, eco-friendliness, ease of main- of Yamaha outboard motors are exported out of Japan and sold in
tenance and high space efficiency. Outboards can be found in waters roughly 180 countries and territories, with North America as the
all around the world; in developed markets like Europe and North biggest market.
America, they are primarily used for marine leisure, while they play a
role in both industry and daily life in emerging markets, chiefly fishing Next-Generation Boat Control Systems
and water-based transport/transportation. Yamaha is currently developing a next-generation boat control plat-
form called HARMO. HARMO is a fully integrated system that com-
Background of the Business bines an electric motor for propulsion with a remote-control box for
Adapting the small-engine technology garnered through its motorcy- throttle work, a joystick for intuitive operation and other compo-
cles, Yamaha Motor developed and released its first marine engine in nents. Aiming to offer a “smart boat” package that will deliver com-
1960, the P-7. In the more than 60 years since, we have expanded fortable cruising experiences, field evaluation tests of the system are
our marine engine lineup with models suiting the myriad of applica- underway on the Otaru Canal in Hokkaido.
tions and environments found in the various regions they are used,
all under the banner of reliability. In 2019, cumulative production of Production
Yamaha outboard motors reached 12 million units. Name of company (Factory) Location
Medium-size and large
Current Market Conditions 4-stroke outboard motors Yamaha Motor Co., Ltd. Fukuroi,
Shizuoka,
Yamaha’s outboard motor lineup spans small 2 horsepower models and large 2-stroke (Fukuroi South Factory) Japan
outboard motors
to mammoth 425 horsepower units, all emphasizing light weight,
compactness and excellent reliability and durability. Used on waters Small and medium-size
4-stroke outboard motors Yamaha Kumamoto Products Yatsushiro,
Kumamoto,
spanning the globe, eco-friendly 4-stroke models comprise most of and small and medium-size Co., Ltd.*
Japan
the lineup while the rugged Enduro Series caters to the rigorous 2-stroke outboard motors
uses and environments of emerging markets. Complementing the Small 4-stroke outboard Thai Yamaha Motor
motors and small 2-stroke Thailand
engines is an extensive range of peripheral equipment to better en- outboard motors Co., Ltd.*
joy the boating life, like the Yamaha Command Link Plus system for
* Group company
16
Helm Master EX HARMO Next-Generation Control System
The Helm Master EX digitally controls all the steering, gear shifting and
throttle work of twin or triple mount large-class Yamaha outboards.
Complementing the standard steering and remote control unit, the
single joystick control enables fore-aft, port-starboard and diagonal
motion as well as in-place rotation of the bow. The autopilot function
also allows the boat’s course to be maintained automatically even in
wind or tidal conditions.
FY2020 worldwide demand for outboard FY2020 worldwide demand and FY2020 Yamaha Motor unit sales of
motors Yamaha Motor unit sales of outboard motors outboard motors
Note: Yamaha Motor surveys Note: Yamaha Motor surveys
Rest-of-
world Yamaha North
237 279 America
(27.8%) Worldwide North Worldwide (32.8%) Rest-of- 98
demand demand world Unit sales (35.2%)
America
853 357 853 122 279
Unit: thousands (41.9%) Unit: thousands (43.6%) Unit: thousands
(%): share of
(%): share of (%): share of unit sales
demand demand
Europe
259 Europe
(30.3%) 59
Other companies (21.3%)
572
(67.2%)
Yamaha Motor unit sales of outboard motors Yamaha Motor sales from marine engines
Unit: thousands Unit: billion ¥
400 200 187.7
178.5
314 310
301
300 279 150
200 100
100 50
0 0
’17 ’18 ’19 ’20 ’19 ’20
17
Marine Products
Boats
Yamaha
595
(32.2%)
Total
demand
Other 1,847 units
companies
1,252
(67.8%)
Yamaha Motor unit sales in Japan Yamaha Motor sales from boats
Units Unit: billion ¥
1,500 15
500 5
719 729 763
595 Fishing boats and
utility boats
0 Pleasure-use boats 0
’17 ’18 ’19 ’20 ’19 ’20
18
Personal Watercraft
Product Profile
Personal watercraft (PWC) can be largely divided into either stand- and lightweight engines reflecting our motorcycle and marine engine
up or sit-down models, and their engines provide the power to draw expertise. Most Yamaha PWCs employ 4-stroke engines that clear
in water through an inlet on the bottom of the hull and propel it out all the Environmental Protection Agency (EPA) regulations in the
the back for propulsion. Sport boats using the same jet-propulsion United States—our main market—and the voluntary regulations
system are also popular, particularly in North America. stipulated by the Japan Marine Industry Association.
FY2020 worldwide demand for PWC FY2020 Yamaha Motor unit sales of PWC
Note: Yamaha Motor surveys
Rest-of- Rest-of-
world Worldwide world Unit sales
50 demand 15
(37.7%) 132 (37.2%) 41
Unit: thousands U.S.A. Unit: thousands U.S.A.
82 (%): share of 25
(%): share of unit sales
demand (62.3%) (62.8%)
Yamaha Motor unit sales of PWC Yamaha Motor sales from PWC
Unit: thousands 51 Unit: billion ¥
50 48 80 75.7
43 41 64.8
40
60
30
40
20
20
10
0 0
’17 ’18 ’19 ’20 ’19 ’20
19
Marine Products
Swimming Pools
Product Profile
In Japan, swimming pools for schools and kindergartens, pools for lei- and private swimming clubs for improving health is also increasing.
sure, health and rehabilitative use, competition pools as well as pool Yamaha Motor is proactively expanding its product lineup while offering
renovation work constitute the majority of demand. Besides the more environmentally friendly options like reuse and recycling of pools,
fiber-reinforced plastic (FRP) pools Yamaha specializes in, pools as well as introducing new peripheral equipment and technologies. We
made of metal or concrete can also be found. However, in addition also offer 25-meter pools and children’s pools for overseas markets,
to a short construction time, FRP pools feature not only light weight, primarily South Korea and other nearby Asian countries. As a leading
high strength and workability, but also excellent resistance to weath- pool company, Yamaha offers clients all-inclusive support, from plan-
ering and earthquakes and moisture retaining property. ning and design to manufacturing, installation and after-sales service.
FY2020 domestic school pool* FY2020 domestic FRP pool* demand Yamaha Motor sales from pools
demand by material and Yamaha Motor unit shipments
Note: Yamaha Motor surveys Note: Yamaha Motor surveys
Unit: billion ¥
Other Other companies’ pools 6
9 (5.4%) 5 (5.2%)
5
4.1 4.2
4
Domestic Domestic
Metal demand FRP demand 3
62 97
(36.9%) 168 units (57.7%) 97 units
(%): share of (%): share of 2
demand demand
Yamaha pools 1
92
(94.8%)
0
’19 ’20
20
Robotics
21
Robotics
Product Profile
Our industrial-use unmanned helicopters are primarily found at work spections of high-voltage power lines and transporting the needed
in the agriculture industry for aerial crop dusting and other uses, maintenance equipment, measuring topography and the like for for-
helping to modernize farming and addressing the pressing issues pre- estry management, providing aerial observation for security and con-
sented by a shrinking and aging workforce. In 2019, we released the ducting monitoring or surveys for disaster readiness.
YMR-08 industrial multirotor drone for agricultural crop dusting, and
together with our unmanned helicopters, these products are con- Background of the Business
tributing to saving labor and increasing efficiency in Japanese agricul- In the early 1980s, Yamaha Motor was commissioned by a govern-
ture. More recently, remote-controlled unmanned systems have gar- ment organization to develop an unmanned helicopter for agricultur-
nered attention for their potential as aerial solutions for a variety of al crop-dusting operations. After practicalizing the R-50 in 1987 as
fields, from smart agriculture to observation, surveys and transport. the world’s first industrial-use unmanned helicopter, we commenced
full-scale marketing of the aircraft in 1989. Since then, Yamaha has
- Agricultural Applications - become a leader in unmanned helicopters for industrial use, and as
The principal purpose of our industrial-use unmanned aircraft is agriculture faces a future with a smaller, graying labor force, we are
spraying agrichemicals from the air, and the main users include mu- contributing to the modernization of the sector by reducing labor
nicipalities, agricultural cooperatives and individual producers. and raising efficiency.
22
Financial Services
Sales Finance
250 Financial
receivables as of
Dec. 31, 2020
200 350.4
Unit: billion ¥ North
150 (%): share of financial America
receivables 277.0
100 (79.1%)
50
0
ʼ19 ʼ20
23
Others
Golf Cars
FY2020 worldwide demand for golf cars by region FY2020 Yamaha Motor unit sales of golf cars
Note: Yamaha Motor surveys
Rest-of-world Rest-of-world
25 (15.7%) 5 (8.4%)
Japan
Japan 5
(8.1%)
6 Worldwide
(3.5%) demand Unit sales
160 57
Unit: thousands Unit: thousands
(%): share of (%): share of
demand unit sales
Yamaha Motor unit sales of golf cars Yamaha Motor sales from golf cars
Unit: thousands Unit: billion ¥
80 50
70 67 66 42.7
65
40 37.1
60 57
50 30
40
24
30 20
6 Worldwide
(3.5%) demand Unit sales
160 57
Unit: thousands Unit: thousands
(%): share of (%): share of
demand unit sales
Yamaha Motor unit sales of golf cars Yamaha Motor sales from golf cars
Unit: thousands Unit: billion ¥
80 50
70 67 66 42.7
65
40 37.1
60 57
50 30
40
30 20
20
10
10
0 0
’17 ’18 ’19 ’20 ’19 ’20
Automobile Engines
25
Others
Electric Wheelchairs
Product Profile
Wheelchairs facilitate the mobility of the elderly and persons with
disabilities, and are broadly divided into manual and electric types.
Yamaha manufactures and sells electric power units and wheels that
can be after-fitted to manual wheelchairs to supplement their light
weight and flexibility with the convenience of electric power, as well
as complete Yamaha-brand electric wheelchairs pre-fitted with these
units. Our after-fit electric power units come in two types: electric
units to convert a manual wheelchair into a fully electric one, and
power-assist units that make manual wheelchairs easier to use.
JWX-2 electric power assist unit and unit mounted on wheelchair
- Electric Type -
These units preserve the benefits of manual wheelchairs while con-
verting them to electric power. These power units can be attached Background of the Business
to a variety of wheelchair models and use a joystick for smooth op- As part of contributing to the health and social welfare sector and as
eration. We also offer complete wheelchairs that use these units. a response to an aging population, Yamaha Motor began limited
region-based sales of power units for manual wheelchairs in 1995
(followed by nationwide sales in 1996). Since then, we have applied
our proprietary control and drive technologies to create and offer
electric wheelchairs that are not only comfortable and convenient
for users, but also help alleviate the effort required by caregivers.
26
Generators
Snow Blowers
Product Profile
For areas with heavy snowfall, Yamaha’s snow blowers help make etc. The blue exterior makes a Yamaha snow blower identifiable at a
snow removal an easier task. We offer a broad range of snow blow- glance and the functions, ease of use and durability customers praise
er models, from compact units handy for clearing porches and walk- are backed by technologies and expertise garnered from over 40
ways at home to large models suited for commercial use. years of success in the business.
27
Other Products
Yamaha Motor sells replacement parts, apparel and accessories for Yamaha Motor sells mooring pier s and other marina-related
its motorcycles, boats and other products. equipment.
With the help and coordination of public and international bodies We manufacture and sell engines specifically for racing karts, machines
and institutions, Yamaha Motor is building and installing water purifi- often used as the first stepping stone to higher tiers of four-wheeled
cation systems in areas with limited or no access to potable water— motorsport.
primarily in small villages in Africa and Southeast Asia—in order to
improve the quality of life.
28
YAMAHA MOTOR CO., LTD.
2500 SHINGAI, IWATA, SHIZUOKA, JAPAN
Japanese: https://global.yamaha-motor.com/jp/
English: https://global.yamaha-motor.com/