Yamaha Motor’s Precision Component Subsidiaries Merge — Aims to Expand as Unit Supplier with Integration of Casting, Processing, and Assembly —
September 13, 2016
IWATA, September 13, 2016—Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that it has been determined at the respective Board of Directors meetings of its consolidated subsidiaries Toyobesq Co., Ltd. and Fine Catec Co., Ltd. held today that the two companies will merge, with Toyobesq Co., Ltd. to be the continuing company. Toyobesq Co., Ltd. is engaged in the processing and manufacturing of precision components for motorcycles, automobiles, and outboard motors etc., while Fine Catec Co., Ltd. manufactures casting components.
After the shareholders meetings of the respective companies to be held on September 28, the merger will be implemented on January 1, 2017, marking the start of the new company “Yamaha Motor Precision Parts Manufacturing Co., Ltd.”
This merger intends not only to encompass the manufacturing of small- to medium-sized components by combining both companies’ strengths, but also to strengthen its position as a unit supplier by expanding business into the manufacturing of high-precision unit components.
By the end of last year, the two companies aggregated their respective manufacturing plants (excluding the Negata Factory) and headquarters functions at Yamaha Motor's Morimachi Factory in Morimachi (Shūchi, Shizuoka, Japan), strengthening cooperation in manufacturing technology and taking initiatives to expand business through integrated manufacturing from casting to processing and assembly.
Through this merger, we will take another step to increase business competitiveness in the face of further intensifying competition and environmental change both domestically and overseas in the future.
Outline of New Company After Merger
|Company Name||：||Yamaha Motor Precision Parts Manufacturing Co., Ltd.|
|Business Activities||：||Manufacturing, sale, and export and import of precision components for motorcycles, automobiles, outboard motors, industrial equipment, etc., as well as the design, manufacturing, sale, and export and import of equipment, jigs and tools, and cutting tools|
|Headquarters||：||Nakagawa 1-2, Morimachi, Shūchi, Shizuoka Japan|
|Capital||：||310.80 million yen|
|Shareholders||：||Yamaha Motor Co., Ltd. 100％ (including indirect holdings of 0.1%)|
|Representative||：||Representative Director Ryosuke Yoshinaga
(Currently President, CEO, and Representative Director of Toyobesq Co., Ltd. and Fine Catec Co., Ltd.)
|Date of Integration||：||January 1, 2017|
Outline of Two Companies Before Merger (as at August 31, 2016)
|Company Name||Toyobesq Co., Ltd.(continuing company)||Fine Catec Co., Ltd. (defunct company)|
|Business Activities||Manufacturing and sale of precision components for motorcycles, cars, outboard motors, industrial equipment, etc.||Manufacturing, machinery processing, and metal mold creation of industrial machinery and precision machinery die cast products, mainly for motorcycle components|
|Date of Establishment||October 20, 1955||August 1, 1982|
|Headquarters||Nakagawa 1-2, Morimachi, Shūchi, Shizuoka, Japan||Nakagawa 1-2, Morimachi, Shūchi, Shizuoka, Japan|
|Representative||Representative Director Ryosuke Yoshinaga||Representative Director Ryosuke Yoshinaga|
|Capital||310.80 million yen||142.00 million yen|
|Number of Employees||418 (including 47 temporary worker)||141 (including 23 temporary worker)|
|Major Shareholders||Yamaha Motor Co., Ltd. 100%
(including indirect holdings of 0.1%)
|Yamaha Motor Co., Ltd. 100%|