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Yamaha at a Glance
Yamaha's goal is to enrich world through sound and music. https://www.yamaha.com/en/ir/index.html Yamaha at a Glance As of February 3, 2017 Company Overview As of March 31, 2016 Company Name ：Yamaha Corporation Headquarters ：10-1, Nakazawa-cho, Naka-ku, Hamamatsu, Shizuoka Product Highlight Pianos Digital Pianos 430-8650 Japan Date of Establishment Wind Instruments String Instruments Speakers Semiconductors ：October 12, 1897 (Founded in 1887) President and Representative Director ：Takuya Nakata Stock Exchange Listing ：Tokyo, First Section, Code No.7951 Stated Capital ：¥ 28,534 million Number of Employees (Consolidated) ：20,348 Number of Consolidated Subsidiaries ：67 (excluding average number of temporary employees: 7,990) Yamaha History 1887 The founder Torakusu Yamaha built his first reed organ 1889 Established partnership firm Yamaha Organ Works 1897 Nippon Gakki Co., Ltd. incorporated 1900 Began production of upright pianos 1949 Listed on Tokyo Stock Exchange 1954 Began Yamaha Music School activities 1955 Established Yamaha Motor Co., Ltd. (Split off the motorcycle division) 1959 Launched Electone™ electronic organ 1960 Subsidiary established in the U.S. 1966 Launched Yamaha's first electric guitars and drums. Expanded into Europe with the founding of Yamaha subsidiary in Germany 1967 Brass instruments launched. Unveiled the CF concert grand piano 1968 Produced first line of audio products 1969 Launched PA equipment 1971 Began semiconductor production 1982 Marketed first Disklavier player piano 1987 Marking the 100th anniversary of foundation, the company name was changed to Yamaha Corporation 2002 Holding company established in China More Percussions PA Equipments AV Receivers Net Sales (FY2016.3 ) Sales by Business Segment Sales by Region Musical instruments Japan North America 7%Audio equipment Electronic devices Others Europe China Asia, Oceania and other areas Founder Torakusu Yamaha Our trademark "Yamaha" has its origin in the name of our founder. Net Sales https://www.yamaha.com/en/ir/guide/ Operating Income Musical instruments Dividends As of February 3, 2017 Profit Distribution Policy Keeping in mind the improvement of its consolidated return on equity, the Company undertakes investments for growth̶including R&D, investing in marketing capabilities and the making of other capital investments̶on the basis of its medium-term consolidated income level, while proactively returning profits to shareholders. Taking continuous and steady cash dividends as the basis of its shareholder returns, the Company will implement flexible shareholder returns as it sees fit with the aim of improving its capital efficiency, while giving due consideration to the maintaining of a balance between adequate internal reserves of investment for future growth. The Company will implement dividends with a target consolidated payout ratio of 30% or higher. Audio equipment Electronic devices Others Operationg Income ※ E ff ect i v e i n t he fir st quar t er of FY 2 0 1 4 . 3 , A V / I T seg m ent was r enam ed audi o equi pm ent seg m ent , and t he P A equi pm ent busi ness, whi ch was pr ev i ousl y r epor t ed as par t of t he m usi cal i nst r um ent s seg m ent has now been r epor t ed as par t of t he audi o equi pm ent busi ness. T he abov e fig ur es f r om FY 2 0 1 3 . 3 r eflect t he new seg m ent s accor di ng l y . Operating income ratio