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Notice of Extraordinary Impairment Loss on Securities

December 26, 2008

Yamaha Motor Co., Ltd. (the "Company") has conducted a revaluation of securities in its non-consolidated financial statements for fiscal 2008 (January 1, 2008 through December 31, 2008). Pursuant to the revaluation, the Company plans to register an extraordinary impairment loss on securities, details of which follow.

With regard to securities classified as "other securities" and "securities of subsidiaries and affiliates," the estimated impairment loss amount, based on their fair value (as of December 26, 2008) and their expected fair value, is summarized below. The extraordinary impairment loss on securities will be booked as an extraordinary loss. Note that the actual loss amount may vary, depending on the fair value as of the closing date of the fiscal year, among other factors.

Total impairment loss amount on securities at the end of fiscal 2008


Total impairment loss amount on securities at the end of fiscal 2008

20,073 million yen


Net assets at the end of fiscal 2007


238,603 million yen


Ordinary income for fiscal 2007


27,012 million yen


Net income for fiscal 2007


18,833 million yen

Note: The fiscal year end of the Company is December 31.

This extraordinary loss on securities amount is not included in the forecast financial results for fiscal 2008, announced July 31, 2008. As for the actual results, the Company is currently compiling the fiscal 2008 financial data, and will make an announcement as soon as the final figures are available.


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