Yamaha 2013 Annual Report Download - page 44

Note Interest coverage for fiscal 2012 is not listed, due to the
negative status of cash flow from operating activities during
the period. Notes ・ The payout ratio for fiscal 2009 is not listed,
since the Company registered a net loss for the period.
・ The payout ratio for fiscal 2010 is not listed,
since the Company did not pay out any dividends.
Note The price/earnings ratio for fiscal 2009 is not listed,
since the Company registered a net loss for the period.
Cash dividends per share Payout ratio (%)
Interest coverage
(Times)
Price/earnings ratio
(Times)(¥) (%)
Cash dividends per share and
payout ratio
44.2
20.1 20.6
46.6
15.50
10.00
26.00
00
15
30
45
60
0
7
14
21
28
0
12
24
36
48
6.7
5.0
9.6
12.1
0
4
8
12
16
0
23.8
12.6 12.5
2009 2010 2011 20132012 2009 2010 2011 201320122009 2010 2011 20132012
Management Discussion and Analysis of Operations Investor Information
As of December 31, 2013
Yamaha Motor Co., Ltd.
Headquarters
2500 Shingai, Iwata, Shizuoka 438-8501, Japan
Telephone: [phone]
Facsimile: [phone]
Date of Establishment
July 1, 1955
Major Consolidated Subsidiaries
Yamaha Motorcycle Sales Japan Co., Ltd.
Yamaha Motor Powered Products Co., Ltd.
Yamaha Motor Corporation, U.S.A.
Yamaha Motor Manufacturing Corporation of America
Yamaha Motor Europe N.V.
PT. Yamaha Indonesia Motor Manufacturing
Thai Yamaha Motor Co., Ltd.
Yamaha Motor Vietnam Co., Ltd.
Yamaha Motor Taiwan Co., Ltd.
India Yamaha Motor Pvt. Ltd.
Yamaha Motor do Brasil Ltda.
Capital Stock
Authorized: 900,000,000 shares
Issued: 349,803,684 shares
Number of Shareholders: 29,474
Principal Shareholders
Yamaha Corporation 12.18%
State Street Bank and Trust Company 9.26
Toyota Motor Corporation 3.57
Mizuho Bank, Ltd. 3.38
The Master Trust Bank of Japan, Ltd. (trust account) 3.14
Mitsui & Co., Ltd. 2.45
Japan Trustee Services Bank, Ltd. (trust account)
State Street Bank and Trust Company 505223
2.36
2.35
GIC PRIVATE LIMITED 2.33
The Shizuoka Bank, Ltd. 1.95
Annual Meeting of Shareholders
The Ordinary General Meeting of Shareholders is held in March each year in
Iwata, Shizuoka, Japan.
Securities Exchange
Tokyo Stock Exchange, Inc.
Transfer Agent for Capital Stock
Sumitomo Mitsui Trust Bank, Limited
4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8233, Japan
Auditor
Ernst & Young ShinNihon LLC
Yamaha Motor’s Share Price and Trading Volume on the
Tokyo Stock Exchange
Shareholder Composition
For further information, please contact:
Yamaha Motor Co., Ltd.
Corporate Planning Division
2500 Shingai, Iwata, Shizuoka 438-8501, Japan
Telephone: [phone]
Facsimile: [phone]
http://global.yamaha-motor.com/ir/
You are also invited to review the Fact Book, Financial Data,
and CSR Report on Yamaha Motor’s website at
http://global.yamaha-motor.com/
Japanese financial institutions
Other Japanese corporations
Japanese financial
other instruments firms Japanese individuals
and others
Foreign investors 24.4%
0.8%
20.8%
7.7%
46.3%
2013
2013
2009 2010 2011
2009 2010 2011
2012
2012
0
1,000
2,000
3,000
300
200
100
0
Trading volume
Share price
(Million shares)
(Yen)
Forecast for Fiscal 2014
In the current business environment, although a trend of yen
depreciation against the currencies of other developed
countries continues, there are concerns about sluggish
economic recovery in Europe and an economic slowdown
and currency depreciation in emerging markets. To cope
with this change in the business environment, in fiscal 2014,
the second year of the medium-term management plan, the
Company will reinforce its business strategy while closely
watching economic and demand trends in the Group’s
markets.
The Company forecasts the following for its consolidated
financial results for the fiscal year ending December 31,
2014: higher sales in the motorcycle business, in the marine
products business and in the power products business by
proactive introduction of new models; and a profit increase,
as higher profits from the sales increase and cost reductions
and other factors enable the absorption of factors including
increases in selling expenses and R&D expenses in
preparation for future growth.
The forecast is based on the assumption that the
exchange rates are ¥100 against the U.S. dollar (a
depreciation of ¥2 from the previous year) and ¥135 against
the euro (a depreciation of ¥5 from the previous year).
Yamaha Motor Co., Ltd. ⎢ Annual Report 2013 Yamaha Motor Co., Ltd. ⎢ Annual Report 2013
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