Yamaha Motor Announces Management Changes

November 22, 2004

At the Board of Director's Meeting held on November 22, 2004, Yamaha Motor Co., Ltd. (the Company) elected to change its top management, effective January 1, 2005. Current President and Representative Director, Toru Hasegawa will resign from that post and take office as Chairman and Director, while current Senior Managing Director and Representative Director Takashi Kajikawa will take office as President and Representative Director. In concert with the change in top management, the following personnel changes are also being made in respect to Directors, Corporate Auditors and Corporate Officers.

(1)

Changes in Directors and Corporate Auditors

Changes in Directors (effective January 1, 2005)

New post	Current post	Name
Director	Chairman and Director	Ryuichi Yamashita
Chairman and Director	President and Representative Director	Toru Hasegawa
President and Representative Director	Senior Managing Director and Representative Director	Takashi Kajikawa
Director	Managing Director	Hiroshi Ukon
Director	Managing Director	Kunihiko Nakajima

Directors scheduled to resign in late March, 2005

Current post	Name
Chairman and Director	Ryuichi Yamashita (scheduled to take office as Advisor of the Company)
Managing Director	Hiroshi Ukon (scheduled to take office as Advisor of the Company)
Managing Director	Kunihiko Nakajima (scheduled to take office as Advisor of the Company)

Candidates for new Directors, scheduled to take office in late March, 2005

Name	Current post
Toyoo Ohtsubo	Corporate Officer; Senior General Manager of the Legal and Intellectual Property Division; and Senior General Manager of Process and IT Division
Takaaki Kimura	Corporate Officer and Senior General Manager of AM Operations
Shinji Terashita	Corporate Officer; Senior General Manager of the Engine SyS Division, Motorcycle Operations; and responsible for the Casting Division, Motorcycle Operations

Corporate Auditors scheduled to resign in late March, 2005

Current post	Name
Standing Corporate Auditor	Kazuyoshi Nakano (scheduled to take office as Advisor of the Company)

Candidates for new Corporate Auditors, scheduled to take office in late March, 2005

Name	Current post
Hiroshi Tanaka	Corporate Officer; responsible for Finance; and Senior General Manager of the CSR Supervisory Office

*	Resignations and appointments of Directors and Corporate Auditors are contingent on approval of the relevant motions at the Shareholders Meeting to be held in late March, 2005.

(2)

Changes in Corporate Officers

Corporate Officers scheduled to resign in late March, 2005

Name	New post
Hiroshi Tanaka	Scheduled to take office as Standing Corporate Auditor of the Company
Yoshio Mabuchi	Scheduled to take office as President and Representative Director of SOQI, Inc.
Shinya Sato	Scheduled to resign
Shinji Terashita	Scheduled to take office as Director of the Company
Yasuaki Maekawa	Scheduled to take office as Director of Y.E.C. Co., Ltd.
Tsutomu Mabuchi	Scheduled to take office as President and Representative Director of Moric Co., Ltd.
Takaaki Kimura	Scheduled to take office as Director of the Company
Toyoo Ohtsubo	Scheduled to take office as Director of the Company

Candidates for new Corporate Officers, scheduled to take office in late March, 2005

Name	Current duty
Tooru Watabiki	Senior General Manager responsible for Planning, Motorcycle Operations
Akira Sano	Senior General Manager of Parts Operations
Noritaka Shibata	Senior General Manager of Overseas Market Development Operations
Takashi Tsuchiya	Senior General Manager of Power Products Operations and Senior General Manager responsible for the China Division, Motorcycle Operations
Masao Furusawa	Senior General Manager of the Technical Development Department, Technical Management Division, Motorcycle Operations
Nobuaki Shiraishi	Senior General Manager responsible for the RV Division, Motorcycle Operations

Abbreviations:
	SyS	:	System Supplier
	AM	:	Automotive
	RV	:	Recreational Vehicle

Major business lines of group companies:
	SOQI Inc.	:	Manufacture of power products
	Y.E.C. Co., Ltd.	:	Development and design of machinery and equipment
	Moric Co., Ltd.	:	Manufacture of electrical parts