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Announcement of Organizational and Personnel Changes

June 29, 2006

Yamaha Motor Co., Ltd. (the “Company”) will make organizational and personnel changes, described below, effective July 1, 2006.

The organizational changes aim to strengthen the corporate system and thereby promote the implementation of the new medium-term management plan, NEXT50-Phase II. In addition, the changes standardize the names and clarify the hierarchy of organizations, making the organizational structure easier to understand for individuals inside and outside the Company. In terms of business and management objectives, the Company intends to review the status of corporate organizations in order to strengthen the promotion of CSR*, enhance the internal control system, and maximize brand value.

Organizational changes

1.

Standardizing the names and clarifying the hierarchy of organizations

In a bid to standardize the naming of organizations, the Company has unified the designations that can be used at each hierarchical level.
The top-tier organization is “Headquarters,” followed by “Operations” or “Company.” Organizations below the Operations/Company level will be designated “Division,” “SyS* Division” or “Factory,” depending on their function. At the base of the corporate hierarchy are organizations to be known as either “Group” or “Sales Office.”

2.

Review of corporate organizations

The status of corporate organizations will be reviewed with an eye to strengthening CSR promotion, enhancing the internal control system, and maximizing brand value.

In addressing one of the crucial issues in the new medium-term management plan -- strengthening CSR promotion -- the Company will spin off the CSR Promotion Team from the Corporate Planning Division and reformulate the organization as the CSR Planning Division. It will be dedicated to planning and promoting activities that enhance corporate social responsibility, risk management and compliance.

In order to strengthen public relations and bolster the internal control system, the Tokyo Office will be spun off from the Public Relations and Corporate Secretary Division, and divided into a Public Relations Division and an General Affairs Division Secretary Group. Meanwhile, the Finance & Logistics Division will be divided into a Finance & Accounting Division and a Logistics Division.
The Company established the General Affairs Division to support corporate activities companywide, such as promoting external affairs operations and internal management. It will serve the functions previously provided by the Corporate Communication and Administration Division. The former Secretary Group is also combined into the General Affairs Division.

In order to maximize brand value by promoting brand strategies, the Brand Design Management Office -- established in January 2006 -- will be dissolved and reestablished as the more expansive Brand Management Operations.

*Abbreviations:

CSR: Corporate Social Responsibility
SyS: System Supplier
IT: Information Technology

Personnel changes

3.

Changes in official duties of Directors

(Name)

(New job)

(Current job)

Hiroyasu Miyao

Managing Director in charge of Public Affairs (Tokyo Office) and General
Manager of the Tokyo Office

Managing Director in charge of Public Affairs (Tokyo Office)

Toyoo Ohtsubo

Director and General Manager of the Process & IT Division

Director, General Manager of the Legal & Intellectual Property Division, and General Manager of the Process & IT Division

Tetsuo Uchiyama

Director in charge of Finance, General Manager of the Corporate Planning Division, and Senior General Manager of Japan Headquarters

Director in charge of Finance, General Manager of the Corporate Planning Division, and Senior General Manager of Japan Headquarters

4.

Changes in official duties of an Executive Officer

(Name)

(New job)

(Current job)

Masahiro Inumaru

Executive Officer, Senior General Manager of Brand Management Operations; Senior General Manager of Marketing Operations, Motorcycle Headquarters; and General Manager of the Product Planning Division, Marketing Operations, Motorcycle Headquarters

Executive Officer, Senior General Manager of Marketing Operations, Motorcycle Headquarters; Assistant Senior General Manager of MC Business Operations, Motorcycle Headquarters; Assistant Senior General Manager of CV Business Operations, Motorcycle Headquarters; General Manager of the Brand Design Management Office; and General Manager of the Product Planning Division, Marketing Operations, Motorcycle Headquarters

5.

Personnel changes involving senior general managers and general managers

(Name)

(New job)

(Current job)

Kazuaki Nose

Senior General Manager of Pool Operations; General Manager of the Sales Division, Pool Operations; and General Manager of the Business Planning Division, Pool Operations

General Manager of the Sales Division, Pool Operations

Hideo Saiki

General Manager of the Brand Management Division, Brand Management Operations

Manager of the Process & IT Division

Masayuki Ozeki

General Manager of the New Business Development Division, Research & Development Operations

Manager of the New Business Development Division, Research & Development Operations

Norihiko Sugimoto

General Manager of the CSR Planning Division

General Manager of the Business Planning Division, Parts Operations

Takahiko Saito

General Manager of the General Affairs Division

Posted at YMUS (Yamaha Motor Corporation, U.S.A.)

Toshiharu Seko

General Manager of the Public Relations Division

Manager of the Public Relations & Corporate Secretary Division

Yutaka Kume

General Manager of the Finance & Accounting Division

General Manager of the Finance & Logistics Division

Yoshiki Tanaka

General Manager of the Logistics Division

Manager of the Finance & Logistics Division

Shigeki Hirasawa

General Manager of the Legal & Intellectual Property Division and General Manager of the Legal & Governmental Affairs Division, Security Trade Control Operations

Manager of the Legal & Intellectual Property Division, and General Manager of the Legal & Governmental Affairs Division, Security Trade Control Operations

Ryusuke Miyazaki

General Manager of the Cost Planning Division, Planning Operations, Motorcycle Headquarters

Manager of Cost Planning Division, Planning Operations, Motorcycle Headquarters

Hiroichi Kouzu

General Manager of the Testing Division, Engineering Operations, Motorcycle Headquarters

Manager of the Testing Division, Engineering Operations, Motorcycle Headquarters

Kouji Suzuki

General Manager of the 5th SyS Division, SyS Operations, Motorcycle Headquarters

Manager of the 5th SyS, SyS Operations, Motorcycle Headquarters

Masato Takeyama

General Manager of the Product Engineering & Production Division, Automotive Operations

General Manager of the 5th SyS, SyS Operations, Motorcycle Headquarters

Toshiyuki Igarashi

General Manager of the Business Planning Division, Parts Operations

General Manager of the SCM Division, Parts Operations

Masaru Ono

General Manager of the SCM Division, Parts Operations

Manager of the Area Marketing Division, Parts Operations

Hiroshi Yagura

Senior Manager of Pool Operations

Senior General Manager of Pool Operations and General Manager of the Business Planning Division, Pool Operations

Naonobu Yasukawa

Senior Manager of the Planning Division, Research & Development Operations

General Manager of the New Business Development Division, Research & Development Operations

Chitaka Akutagawa

Senior Manager of the CSR Planning Division

General Manager of the Corporate Communication Division

Masaru Hayashi

Senior Manager of the General Affairs Division

General Manager of the Public Relations & Corporate Secretary Division

Hiromi Usui

Senior Manager of the Tokyo Office

General Manager of the Tokyo Office, Public Relations & Corporate Secretary Division

Hiroshi Kimura

Senior Manager of the Procurement Planning Division, Procurement Operations, Motorcycle Headquarters

General Manager of the Cost Planning Division, Planning Operations, Motorcycle Headquarters

Kazuyoshi Sano

Senior Manager of Engineering Operations, Motorcycle Headquarters

General Manager of the Testing Division, Engineering Operations, Motorcycle Headquarters

Tadayuki Koyama

Senior Manager of Automotive Operations

General Manager of the Product Engineering & Production Division, Automotive Operations

*Abbreviations:

IT: Information Technology
MC: Motorcycle
CV: Commuter Vehicle
CSR: Corporate Social Responsibility
SyS: System Supplier
SCM: Supply Chain Management

*Major business lines of group companies:

Yamaha Motor Corporation, U.S.A.: Import and sales of Yamaha products in the U.S.

Basic Organization Chart

Current Organizational Chart

Current Organizational Chart

New Organizational Chart (effective July 1, 2006)

New Organizational Chart
*Abbreviations:

CSR: Corporate Social Responsibility
IT: Information Technology
MC: Motorcycle
CV: Commuter Vehicle
SyS: System Supplier
PAS: Power Assist System
RV: Recreational Vehicle
ME: Marine Engine
IM: Intelligent Machinery


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