Yamaha 2011 Annual Report Download - page 3

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1
Annual Report 2011
Contents
The Yamaha Group explains its business plan by providing an
overview and description of major first-year results of its three-year
medium-term management plan entitled “Yamaha Management
Plan 125 (YMP125),” which started in April 2010.
President Mitsuru Umemura evaluates Yamaha’s performance in
fiscal 2011, provides a progress report on YMP125, and talks about
the Company’s future and vision.
To Our Stakeholders
Yamaha Medium-Term Management Plan
Interview with the President
Board of Directors, Corporate Auditors and Executive Officers
Corporate Governance
Risk Factors
Corporate Social Responsibility
R&D and Intellectual Property
Main Networks
Investor Information
Management’s Discussion and Analysis
Yamaha Product History
Consolidated Financial Statements
Management Vision
Key Figures
Yamaha at a Glance
02
16
20
26
28
31
34
36
38
40
42
90
58
10
04
06
New Day, New Sound
Sound is the unifying principle behind our core business domain of
musical instruments, music and audio. New pursuits and challenges
in the field of sound are the lifeblood that supports our growth.
On the cover of this report is the title and theme of “New Day, New
Sound”—a theme that expresses Yamaha’s desire to create both a
new generation and new innovations in the field of sound and music.
2013
2010