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Our Annual Report 2014 aims to provide a
comprehensive overview of Yamaha Motor’s
activities during the fi scal year ended December
31, 2014, including management strategies and
fi nancial information, as well as corporate
governance, corporate social responsibility
(CSR), and other areas that form the foundation
on which our business is built.
In addition to the printed version, we have
also prepared an online version of this report.
With both a printed and an online version, we
hope to facilitate a better understanding of
Yamaha Motor.
CONTENTS
Information for Investors
Please refer to the following website for detailed fi nancial
information and information regarding our business operations:
http://global.yamaha-motor.com/ir/
Annual Report 2014 (Online Version)
An online version of this report is also available.
Please visit the following website:
http://global.yamaha-motor.com/ir/annual2014/
Information Related to Corporate Social Responsibility (CSR)
Please refer to the following website for detailed CSR information:
http://global.yamaha-motor.com/about/csr/
Creating New Value—Tracing the Unique Style of Yamaha 3
To Our Stakeholders 12
SNAPSHOT 14
Company Overview 16
Financial Highlights 18
Interview with the President 20
GROWTH STRATEGY
1. A Growing World of Personal Mobility 36
2. Marine Products Business:
Competing in the 3-Trillion-Yen Global Marine Market 40
3. Commitment to Unique Versatility 44
CSR
Customers 50
Employees 52
Shareholders and Investors 54
Business Partners 55
The Community 56
The Environment 58
CORPORATE INFORMATION
Corporate Governance 64
Directors, Audit & Supervisory Board Members,
and Executive Offi cers 74
Comments from an Outside Director and
Outside Audit & Supervisory Board Member 77
Organization 78
Financial Section
Five-Year Summary 79
Financial Data by Market 80
Management Discussion and Analysis of Operations 82
Investor Information 93
Statements in this annual report, except for historical facts, are forward-looking statements about the future
performance of the Company and its Group companies, which are based on management’s assumptions
and beliefs in light of the information currently available, and involve risks and uncertainties. Please be
advised that actual results may differ signifi cantly from those discussed in the forward-looking statements.
Potential risks and uncertainties include, but are not limited to, general economic conditions in
Yamaha Motor’s major markets, changing consumer preferences, and currency exchange rate fl uctuations.
Notice Regarding Forward-Looking Statements
Creating New Value
Tracing the Unique Style of Yamaha
Yamaha Motor Co., Ltd. 󱚈 Annual Report 2014 Yamaha Motor Co., Ltd. 󱚈 Annual Report 2014
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