Yamaha 2003 Annual Report Download - page 2

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Please find page 2 of the 2003 Yamaha annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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CONTENTS
Letter to Shareholders 2
The Key Ingredient of Success 4
At a Glance 8
Review of Operations 10
Musical Instruments 10
AV/IT 14
Lifestyle-Related Products 16
Electronic Equipment and Metal Products 18
Recreation 19
Others 20
Environmental Activities 21
Financial Section 23
Board of Directors and Corporate Auditors 45
Worldwide Network 46
Investor Information 47