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Yamaha Motor to Merge with Subsidiary Yamaha Motor Electronics - Consolidating group resources to strengthen the development capabilities of new and growth businesses -

June 30, 2023

IWATA, June 30, 2023 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced that it had begun to consider that it will merge with its consolidated subsidiary Yamaha Motor Electronics Co., Ltd. (YEJP). YEJP develops, manufactures, and sells electrical components for motorcycles, outboard motors, electrically power-assisted bicycles, and other products. The merger will have Yamaha Motor as the surviving entity and is targeted for completion in January 2025.

Today, amidst the global movement toward decarbonization, it has become necessary to invest resources toward the development of products that are compliant with emissions regulations and are environmentally friendly. The purpose of this merger is to accelerate our Monozukuri in the electronics field, to better secure human resources for electrical component work, and to further fortify our purchasing power in the electrical components industry.

In line with the Company's Medium-Term Management Plan announced in February 2022, Yamaha Motor is working to expand the scale of its electrically power-assisted bicycle business, one of its growth businesses; conduct R&D into new mobility fields, a pursuit for new businesses; and electrify its motorcycles and outboard motors, two of its core businesses. In order to accelerate requisite CASE and carbon-neutral initiatives, the Company will strategically utilize its management resources and strengthen the relevant systems and structures.

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