| SOQI, Inc. (Location: Kakegawa, Shizuoka, Japan; President and Representative Director: Yoshio Mabuchi) will be renamed Yamaha Motor Powered Products Co., Ltd., effective January 1, 2006. Wholly owned by Yamaha Motor Co., Ltd., SOQI is a manufacturer of Yamaha brand powered products including all-terrain vehicles, golf cars and generators, as well as shock absorbers, such as suspensions for motorcycles.
Concurrent with the name change, SOQI will spin off its shock absorber manufacturing division and transfer its functions to a new wholly owned subsidiary. Effective January 1, 2006, the new company will begin operations as SOQI H·S Co., Ltd. (Location: Kakegawa, Shizuoka, Japan; President and Representative Director: Yoshio Mabuchi).
SOQI was launched when Showa Works Co., Ltd. and Shimba-Shibori Mfg. Co., Ltd. merged in 1988. Showa Works was a manufacturer of Yamaha brand powered products such as generators and golf cars, as well as shock absorbers for motorcycles, while Shimba-Shibori Mfg. was engaged mainly in assembling Yamaha all-terrain vehicles and motorcycles. In June 2005, Yamaha Motor Co., Ltd. turned SOQI into a wholly-owned subsidiary through a share exchange. SOQI manufactures all-terrain vehicles and golf cars, among other Yamaha powered products, at its headquarters’ factory in Kakegawa, and also manufactures motorcycle suspensions and other shock absorbing devices at its Numazu factory.
The name change will allow the company to become better known as a member of the Yamaha Motor Group, and improve the sense of unity among the group companies.
The establishment of SOQI H·S Co., Ltd. will also bolster the company’s business competitiveness by allowing it to specialize in the manufacture and sale of shock absorbing components, and parts. The company will aim for annual sales of 7.2 billion yen in the first year (2006).
Note: The “HS” in SOQI H·S Co., Ltd. stands for hydraulic system. |
 |
 |
Outline of Yamaha Motor Powered Products Co., Ltd.
(presently named SOQI, Inc.)
|
|
|
| Name |
Yamaha Motor Powered Products Co., Ltd. |
| Location |
200-1 Sakagawa, Kakegawa City, Shizuoka Prefecture, Japan |
| Date of establishment |
November 16, 1944 (establishment date of the former Showa Works Co., Ltd.) |
| Date of name Change |
January 1, 2006 |
| Representative |
Yoshio Mabuchi |
| Capitalization |
275.36 million yen |
| Ownership |
Wholly owned by Yamaha Motor Co., Ltd. |
| Business lines |
Manufacture of Yamaha brand powered products (including all-terrain vehicles, golf cars and generators) as well as shock absorbing devices (including suspensions for motorcycles and automobiles, and hydraulic systems for outboard motors) |
| Projected annual sales volume |
80 billion yen (2005)
73 billion yen (2006) |
|
|
Note: The shock absorber manufacturing business will be transferred to SOQI H·S Co.,Ltd., effective January 1, 2006, when SOQI, Inc. is renamed Yamaha Motor Powered Products Co., Ltd. |
|
|
Outline of SOQI H·S Co., Ltd.
|
|
|
| Name |
SOQI H·S Co., Ltd. |
| Location |
224-1 Miyawaki, Kakegawa City, Shizuoka Prefecture, Japan |
| Date of establishment |
January 1, 2006 |
| Representative |
Yoshio Mabuchi |
| Capitalization |
90 million yen |
| Ownership |
Wholly owned by Yamaha Motor Powered Products Co., Ltd.
(presently named SOQI, Inc.)
|
| Business lines |
Manufacture of shock absorbing devices (including suspensions for motorcycles and automobiles, and hydraulic systems for outboard motors) |
| Projected annual sales volume |
7.2 billion yen (2006) |
|
|
Back to