Introduction 4A History of Creating Kando through Technology 6Yamaha Motor’s Presence 8 Financial and Non-Financial Highlights Toward Sustainable Growth 10 From the President 18 Yamaha Motor’s Value Creation Process 20 Important Societal Issues (Materiality Issues) 24Climate Change-Related Information Disclosure (Based on the TCFD’s Recommendations) 26 Long-Term Vision and Medium-Term Management Plan 28Specific Initiatives toward Resolving Societal Issues 30From the Director, Chief General Manager of Corporate Planning & Finance Center Foundations for Creating Competitiveness 32Creative Branding 34Creative Design 36Research and Development 38Digital Transformation 40Procurement 42Manufacturing and Production (Monozukuri) 44Sales (Marketing) 46Human Resources 48Topics 48 Initiatives for Improving Employee Engagement 50 Yamaha Motor’s Sporting Activities Corporate Governance 52From the Chairman of the Board of Directors 54Dialogue between Outside Directors 58Directors and Audit & Supervisory Board Members 61Corporate Governance68Risk Management Business Strategy 70Land Mobility 72Marine Products 74Robotics 76Financial Services 77Others Facts and Data 7811-Year Summary 80Environmental and Social-related Data 81Management Discussion and Analysis of Operations 86Global Group Network 88Corporate Information / Stock Information Editorial PolicyIn addition to the Long-Term Vision and the strategies to achieve it contained in the current Medium-Term Management Plan (both formulated in December 2018), Integrated Report 2020 contains a wealth of information about how we will grow going forward through environmental, social, and governance (ESG) initiatives. This report is edited to give shareholders, investors, and other stakeholders a multifaceted understanding of Yamaha Motor’s sustainable growth. The report was edited referencing the International Integrated Reporting Council (IIRC)’s International Integrated Reporting Framework (released in December 2013) and the Ministry of Economy, Trade and Industry (METI)’s Guidance for Collaborative Value Creation. Financial, sustainability-related, product, and other information not contained in this report is available on Yamaha Motor’s official website.* The 2020 in the title refers to the year this report was published.Notice Regarding Forward-Looking StatementsThe statements in this report, except for historical facts, are forward-looking statements about the future performance of the Company and its Group com-panies. These are based on management’s assumptions and beliefs in light of the information currently available, and involve risks and uncertainties. Please be advised that actual results may differ significantly from those discussed in the forward-looking statements.Potential risks and uncertainties include, but are not limited to, general economic conditions in Yamaha Motor’s major markets, changing consumer preferences, and currency exchange rate fluctuations.Structure for Information DisclosureFinancial InformationNon-Financial Information• Corporate Website https://global.yamaha-motor.com/• Technical Review https://global.yamaha-motor.com/about/technical_review/• Sustainability-Related Information https://global.yamaha-motor.com/about/csr/• Corporate Governance Report• Information for Investors https://global.yamaha-motor.com/ir/• Securities Report (in Japanese only)• Fact BookIntegrated Report 2020Contents3Yamaha Motor Co., Ltd. Integrated Report 2020
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