Yamaha Motor Integrated Report 2022
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From the PresidentStrategic Business Fields: New Business Initiatives6 More specifically, we have defined markets expecting future growth and markets in which Yamaha Motor can exercise its strengths. We have also identified fields to which we should allocate management resources in order to stimu-late growth, and fields where we will focus on raising profit-ability while maintaining our position. Further, we have added fields in which we can create new businesses with an emphasis on sustainability. We then clarified the position of each business based on anticipated net sales growth rates and return on invested capital, and divided our businesses into four categories: new businesses, growth businesses, core businesses, and businesses requiring structural reforms.New business initiatives will include efforts to develop new businesses as well as operations in new mobility fields. Previously, we sought to develop new businesses in the mobility service, low-speed automated vehicle, medical & healthcare, and agricultural automation fields while also exploring other new fields. However, we recognize that significant resources will be required to commercialize busi-nesses in just these four fields, and it has also been necessary to account for the restrictions on our activities amid the COVID-19 pandemic. Accordingly, we have chosen to con-centrate management resources on the aforementioned four fields over the period of the new Medium-Term Management Plan, and we will therefore not be exploring other new fields during this period. By moving forward with commercialization in the four fields, we hope to generate net sales of ¥30.0 billion from these businesses by fiscal 2024. In the mobility services field, we have established new companies and are working together with local players in India and Nigeria, looking to develop asset management businesses that will provide financing schemes for people who do not have the financial means to purchase motor-cycles on their own. These businesses are anticipated to create local employment opportunities while also contribut-ing to raising the standards of living as well as providing stable incomes for people in these countries. As for low-speed automated vehicles, we are in the pro-cess of commercializing goods transportation systems together with a joint venture company while also moving forward with conducting feasibility studies for public transit systems alongside municipal and national government agen-cies. By developing technologies that allow for automated Based on these classifications, we will seek to generate cash while maintaining or improving the profitability of our core businesses. At the same time, we will proactively allo-cate management resources to new businesses and growth businesses, which have been positioned as strategic business fields. We thereby aim to grow said businesses into future core businesses. Development and growth strategy expenses to be incurred in our strategic business fields during the three-year period of the new Medium-Term Management Plan are projected to be ¥115.0 billion, a 60% increase from the period of the prior plan, while planned capital invest-ments in these fields should total ¥45.0 billion, an 80% increase.transportation under specific conditions, Yamaha Motor aims to reduce the labor requirements of the logistics field and help resolve mobility issues in regions lacking adequate access to public transportation. HANDLER™ cell picking and imaging system can be used to automate cell handling procedures that were previously performed by hand. We are continuing R&D of the system looking toward use in immunotherapy applications as well as for aiding the discovery of drugs for cancer treatments. teamed up with an agriculture venture company in the United States with the aim of providing automation and laborsaving solutions for crop harvesting and packing. Furthermore, in March 2022 we invested in a Brazilian startup that supplies comprehensive agricultural automation solutions, from agricultural drone development to the provi-sion of related services. Moving on, efforts in new mobility fields have been focused on low-carbon personal mobility options. If we are to create a carbon-neutral society, it will be crucial for people to seek out lighter and more compact mobility options. For example, if one were to commute with a single-rider vehicle that provides protection from wind and rain, as opposed to using a large vehicle, it would result in signifi-cant energy savings. Yamaha Motor therefore looks to help address the needs of society by developing new types of mobility offerings that exist between electrically power-assisted bicycles (e-Bikes) and motorcycles or between motorcycles and cars.In the medical & healthcare field, meanwhile, our CELL In the agricultural automation field, Yamaha Motor

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