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

Products and Services in Each SegmentSegmentMain products and servicesLand MobilityMotorcycles, intermediate parts for products, knockdown parts for overseas production, all-terrain vehicles, recreational off-highway vehicles (ROVs), snowmobiles, electrically power-assisted bicycles, automobile engines, and automobile componentsMarine ProductsOutboard motors, personal watercraft, boats, FRP pools, fishing boats, and utility boatsRoboticsSurface mounters, semiconductor manufacturing equipment, industrial robots, and industrial-use unmanned helicoptersFinancial ServicesSales finance and leasing related to the Company’s productsOther ProductsGolf cars, generators, multi-purpose engines, small-sized snow blowers, and electric wheelchairs R&D Expenses For the Yamaha Motor Group as a whole, R&D expenses amounted to ¥94.0 billion for the fiscal year ended December 31, 2020.The Yamaha Motor Group’s corporate mission is to be a Kando Creating Company and offer new excitement and a more fulfilling life for people all over the world. To that end, we continuously take on new challenges with our uniquely Yamaha Monozukuri approach—engineering, manufacturing, and marketing products with an emphasis on craftsmanship and excellence—which aims to create new, original, and innovative ideas and messages; tech-nologies that bring joy and foster trust among our customers; attractive designs that express Refined Dynamism; and the power to forge lifelong ties with our customers. Through our technolo-gies that interweave human logic with human sensibilities, we offer unique and high-quality products and services. The Company believes that making a lasting effort to gain recognition among various stakeholders that the “unique style of Yamaha Motor” is the Yamaha brand itself and that making our products and services the preferred choice over a lifetime is what will enable us to not only achieve sustainable growth but also enhance our medium- to long-term corporate value.We are carrying out measures to accomplish both of these goals under our Long-Term Vision for 2030 and the three-year Medium-Term Management Plan that began in fiscal 2019.Specifically, through initiatives in our three focus areas of Advancing Robotics, Rethinking Solution, and Transforming Mobility, we carry out strategic investments for growth aiming to contribute to expanding human possibilities and making society and people’s lives better under our Long-Term Vision of ART for Human Possibilities.R&D Expenses and R&D Expenses to Net Sales Ratio(¥ billion)(%) R&D expenses  R&D expenses to net sales ratio1051009020162017201820192020(FY) Expenses by Segment¥94.0 billionLand Mobility Business¥69.8 billion (74.2%)Marine Products Business¥13.7 billion (14.6%)Robotics Business¥7.8 billion (8.3%)Other Products Business¥2.7 billion (2.9%)85Yamaha Motor Co., Ltd. Integrated Report 2021

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