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A business integration agreement

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Notification of Business Integration between Yamaha Motor Co., Ltd., SHINKAWA LTD., and APIC YAMADA CORPORATION

Yamaha Motor Co., Ltd. (hereinafter “Yamaha Motor”), SHINKAWA LTD. (hereinafter “Shinkawa”), and APIC YAMADA CORPORATION (hereinafter “Apic Yamada”) hereby announce that at the Board of Directors Meeting of each company held today, resolutions were passed so that Yamaha Motor has made Shinkawa a subsidiary through a third-party allotment of shares, Shinkawa has made Apic Yamada a wholly-owned su

Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles, marine products, power products and robotics.

Yamaha Motor (TOKYO: 7272) is a world-leading enterprise manufacturing land-mobility such as motorcycles, all-terrain vehicles, and electrically power assisted bicycles, marine products such as boats and outboard motors, robotics products such as surface mounters and drones, as well as engagement in the finance business. The company's diverse businesses and wide variety of products are built around its proprietary technologies focused on powertrain, chassis and hull, electronic control, and manufacturing technologies. Yamaha Motor operates global development, production and sales networks through 140 subsidiaries and equity-method affiliates in 30 countries and regions, working to realize our Corporate Mission of being s "Kando* Creating Company."
About 90% of consolidated net sales are generated in more than 180 countries and regions outside of Japan.
Please visit http://global.yamaha-motor.com.

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