Yamaha 2008 Annual Report Download - page 4

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02 Yamaha Corporation
Forward-looking statements
The plans and strategies regarding Yamaha’s future prospects presented in this annual report have been drawn up by
the Company’s management based on information available at the current time and, therefore, are subject to risks and
uncertainties. Accordingly, our actual performance may differ significantly from our predictions depending on changes
in the operating and economic environments, demand trends, the value of key currencies, such as the U.S. dollar and
the euro, technological advancements and developments in intellectual property litigation.
Contents
03
Creative Strength to Enhance Product Value
09
10
04
To Our Shareholders
Competitive Strength to Drive Business Growth
14
Organizational Strength to Sustain Growth
18
Interview With the President
Special Feature: The Power of Strengths Compounded
22 Company Segments At a Glance
24 Review of Operations
40 R&D and Intellectual Property
24 Musical Instruments
30 AV/IT
32 Electronic Equipment and Metal Products
34 Lifestyle-Related Products
36 Recreation
38 Others
40 Research and Development
42 Intellectual Property
44 Corporate Governance and Corporate Social Responsibility (CSR)
48 Board of Directors, Corporate Auditors and Executive Officers
49 Financial Section
50 Eleven-Year Summary
52 Management’s Discussion and Analysis
61 Risk Factors
64 Consolidated Balance Sheets
66 Consolidated Statements of Income
67 Consolidated Statements of Changes in Net Assets
68 Consolidated Statements of Cash Flows
69 Notes to Consolidated Financial Statements
89 Report of Independent Auditors
90 Main Networks
90 Overseas Network
91 Domestic Network
92 Organization Chart
93 Investor Information
02 Yamaha Corporation