Yamaha 1998 Annual Report Download - page 1
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CORPORATE DESCRIPTION
CONTENTS
1Financial Highlights
2Consolidated Balance Sheets
4Consolidated Statements of Income
5Consolidated Statements of Shareholders’ Equity
6Notes to Consolidated Financial Statements
12 Report of Independent Auditors
13 Board of Directors and Corporate Auditors
14 Major Consolidated Subsidiaries
16 Investor Information
The forerunner of Yamaha Corporation
was founded in 1887 by Torakusu
Yamaha. On October 12, 1897,
Nippon Gakki, Co., Ltd., was incor-
porated (the corporate name was
changed to Yamaha Corporation on
the occasion of its 100th anniversary),
and Yamaha celebrated its 110th year
of operation in 1997.
Yamaha is one of the world’s lead-
ing manufacturers of pianos; electronic
musical instruments; and wind, string,
and percussion instruments. At the
same time, the Company has grown
through a broad spectrum of business
activities, including electronic devices
and equipment, professional audio
equipment, and audiovisual equipment.
To continue growing in the 21st
century, in 1997 Yamaha launched its
new management strategy called New
Values 21 (NV21). The Yamaha Group
will make a concerted effort to become
a truly global enterprise that fulfills its
corporate mission of contributing to
enriching the quality of life of people
worldwide.
MUSICAL INSTRUMENTS AND AUDIO PRODUCTS
FURNITURE AND HOUSEHOLD PRODUCTS
ELECTRONIC EQUIPMENT AND METAL PRODUCTS
RECREATION
OTHERS
BUSINESS SEGMENTS