On the Publishing of the Integrated ReportWe will enact reforms under the banner “ART* for Human Possibilities” as we work toward 2030.Looking at the world today, people’s values are expected to become increasingly diverse, and issues related to the global environment and society are seen becoming severer and more complex. To address these social changes, efforts are being made to achieve the targets set in the Paris Agreement and the Sustainable Development Goals (SDGs). Companies are required to transform their businesses with a long-term outlook and contribute to the resolution of social issues through their businesses. Against this backdrop, we have set our Long-Term Vision for 2030 as “ART for Human Possibilities,” and formulated a new Medium-Term Management Plan to achieve this. Under the Medium-Term Management Plan, the Long-Term Vision sets three areas of focus—using robotics (“Advancing Robotics”) to address social issues in uniquely Yamaha ways (“Rethinking Solution”) and transform mobility (“Transforming Mobility”)—as themes for growth in existing businesses and the development of new businesses.*ART is made up of the initials of our three focus areas toward 2030: Advancing Robotics, Rethinking Solution, and Transforming Mobility.We have prepared this Integrated Report as a communication tool to convey our activities toward achieving the Long-Term Vision.We previously issued an Annual Report each year, but from this year, we are issuing an Integrated Report in light of the necessity of providing updates on the progress of long-term measures and in response to increased requests from stakeholders to disclose information with a medium- to long-term perspective. This report references the International Integrated Reporting Framework of the International Integrated Reporting Council (IIRC) and the Ministry of Economy, Trade and Industry’s Guidance for Collaborative Value Creation. It was prepared sincerely and faithfully in a format that is easy to understand as a useful tool for communication with all its readers.Yoshihiro HidakaPresident, Chief Executive Officerand Representative DirectorYamaha Motor Co., Ltd. Integrated Report 20182

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