Integrated Report 2021(For the year ended December 31, 2020)

Contents Introduction 4A History of Creating Kando through Technology 6Yamaha Motor’s Global Business 8Maximizing Our Environmental and Social Value10Financial and Non-Financial Highlights Toward Sustainable Growth12From the President18Yamaha Motor’s System of Strategic Policies19Important Societal Issues (Materiality Issues)22Resolving Societal Issues through ART26Climate Change Initiatives(Disclosure Based on TCFD Recommendations)30From the Director in Charge of Corporate Planning and Financial Affairs32Digital Transformation Foundations for Creating Competitiveness34Creative Branding & Design38 Research and Development40Intellectual Properties42Procurement44Manufacturing and Production (Monozukuri)46Sales (Marketing)48Human Resource Development50Topics: Yamaha Motor’s Sporting Activities Corporate Governance52From the Chairman of the Board of Directors54Dialogue between Outside Officers58Directors and Audit & Supervisory Board Members61Corporate Governance68Risk Management Business Strategy70Business Overview72Land Mobility74Marine Products76Robotics78Financial Services79Other Products Facts and Data80Eleven-Year Summary82Environmental and Social Data83Management’s Discussion and Analysis of Fiscal 2020 Business Results88Global Group Network90Corporate Information / Stock InformationKey Points of Integrated Report 2021Based on the Long-Term Vision for 2030 of ART for Human Possibilities, Integrated Report 2021 provides details on the medium- to long-term strategies and measures being implemented to facilitate the realization of the Vision. The following key points will help develop an even deeper understanding of Yamaha Motor’s value creation story.Creation of Social Value Leveraging Technologies and SensibilitiesYamaha Motor is working to create new value by combining the core competencies it has refined to date with cutting-edge technologies to address important societal issues in line with the focus areas laid out in its Long-Term Vision—Advancing Robotics, Rethinking Solution, and Transforming Mobility (ART).1Medium- to Long-Term Plan Progress and Policies for Carbon NeutralityThe COVID-19 pandemic forced Yamaha Motor to rescind the perfor-mance targets of its Medium-Term Management Plan for fiscal 2020, but steady progress is still being made in reinforcing the Company’s manage-ment platforms and implementing growth strategies. This report also provides information on the Company’s policies and direction regarding the accelerating shift toward electrification.2Relevant Pages P.8–9Maximizing Our Environmental and Social ValueP.22–25Resolving Societal Issues through ARTRelevant Pages P.12–17From the PresidentP.26–29Climate Change Initiatives (Disclosure Based on TCFD Recommendations)P.44–45Manufacturing and Production (Monozukuri)3Yamaha Motor Co., Ltd. Integrated Report 2021

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