[an error occurred while processing this directive]
Skip to Main Contents

Statement of profits from sale of shares in subsidiaries due to investment rearrangement within Yamaha Motor group

September 27, 2011

Today's meeting of the Board of Directors of Yamaha Motor Co., Ltd. (the Company) voted to transfer all shares in the Canadian subsidiary, Yamaha Motor Canada Limited, to the U.S. subsidiary, Yamaha Motor Corporation, U.S.A. Profits from the sale of shares in the subsidiary will be recorded as extraordinary profits in the Company's financial statement for the period ending December 2011 (January 1 2011 - December 31 2011).
The share transfer will have no impact on consolidated business performance.

1.

Background

Yamaha Motor Canada Limited is the importer and domestic distributor of Yamaha Motor products in Canada, while Yamaha Motor Corporation, U.S.A. performs the equivalent role in the United States. The share transfer creates a more efficient structure.
The investment arrangement will not impact Yamaha Motor Canada's organization structure and the company will maintain its current responsibility to serve Canadian dealers and consumers.

2.

Overview

(1)The company whose shares are to be transferred

Corporate name

Yamaha Motor Canada Limited

Location

480 Gordon Baker Road, Toronto, Ontario M2H 3B4, Canada

Representative

Hirotoshi Fujita

Main business

Import and sale of Yamaha Motor products

Capitalization

CAD 10,000,000

Founded

April 12, 1973

Shareholders

Yamaha Motor Co., Ltd. (100%)

(2)The company receiving the shares

Corporate name

Yamaha Motor Corporation, U.S.A.

Location

6555 Katella Avenue, Cypress, CA, 90630, U.S.A.

Representative

Toshizumi Kato

Main business

Import and sale of Yamaha Motor products

Capitalization

USD 185,020,000

Founded

October 20, 1976

Shareholders

Yamaha Motor Co., Ltd. (100%)

(3)Transfer contract amount:USD equivalent of CAD 165 million (calculated at exchange rate specified in transfer contract)

(4)Proposed transfer contract date:December 1, 2011

(5)Proposed completion of transfer:December 31, 2011

(6)Number of shares transferred:1,000,000 (100%)

3.

Impact on business performance

Under the transfer contract, the extraordinary profits associated with the sale of shares in the subsidiary are expected to be 10,611 million yen for the period ending December 2011 (January 1 2011 - December 31 2011), based on the exchange rate as of September 22 (76 yen = CAD1).
This will have no impact on consolidated business performance.

Note: Subsidiaries in the North American region following the transfer

Back to
Top