The Yamaha Motor Foundation for Sports commemorates the Company's 50th anniversary, promotes sports, and helps build a society where young people can follow their dreams |
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On November 20, 2006, Yamaha Motor Co., Ltd. (the “Company”) established the Yamaha Motor Foundation for Sports with the objective of furthering sports and enhancing sports culture. |
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The Company has long been active in promoting and improving sports, including soccer, rugby, motor sports and marine sports. Last month, the Company established the Yamaha Motor Foundation for Sports to continue the tradition of contributing to society through sports. |
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The new foundation was planned in commemoration of the Company's 50th anniversary in 2005. It was formed with the assistance of various sports organizations and experts, as well as other individuals in the sports world, from inside and outside the Company. Leveraging tangible and intangible assets gained over the course of its involvement with sports, as well as knowledge derived from its communication with the greater community, the Company aims to promote the sports experience, including sports science as well as athletic activity. This is designed to develop confident individuals through “sports challenge” subsidy programs; encourage children to grow sound in mind and body by helping promote sports; and enrich society with a more vibrant sports culture. |
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An outline of the foundation is as follows: |
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| Corporate name: |
Yamaha Motor Foundation for Sports (YMFS) |
| Date of establishment: |
November 20, 2006 |
| Basic assets: |
100 million yen (funded by Yamaha Motor Co., Ltd. for the first fiscal year) |
| Operating budget: |
130 million yen (funded by Yamaha Motor Co., Ltd. for the first fiscal year) |
| President: |
Toru Hasegawa, Chairman of Yamaha Motor Co., Ltd. |
| Address of Secretariat: |
2500 Shingai, Iwata City, Shizuoka Prefecture 438-8501, Japan
Telephone: +81-538-32-9827 Fax: +81-538-32-1112 |
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