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2018/7 - CM175
Corporate Profile
Corporate Communications Division
https://www.yamaha.com/en/
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True to its slogan, “Sharing Passion & Performance,” the
Yamaha Group helps enrich people’s lives day in and
day out. Since our founding in 1887, we have offered
the world a rich scope of products and services focused
on sound and music. We want to create excitement and
inspiration everywhere, joyfully highlighting music in
life, education, and culture.
We are deeply committed to creating customer value
by offering products and services that draw on our
reservoir of technology, know-how, and musical
sensitivities. We have accumulated these values over
our long history and are keen to addressing new
challenges with a passion going beyond our customers’
expectations, always renewing our inspiration, and
theirs. We are dedicated to engaging proactively with
our customers to propose products and services that
will stir their hearts over a lifetime.
Looking ahead, we will be making every effort to
ensure that we continue to be an “Indispensable,
Brilliantly Individual Company,” always honoring long
and close relationships with our customers. From the
bottom of our heart, all of us at Yamaha will always
sincerely appreciate your ongoing support.
Takuya NakataPresident and Representative Executive Officer
Yamaha Corporation
Our history began in 1887 when Yamaha founder
Torakusu Yamaha completed a difficult repair job on
a reed organ at a Japanese primary school. Perhaps no
one thought at the time that this event would mark
the beginning of 130-plus year history during which
Yamaha would become a world-leading brand in musical
instruments, other products, and services dear to the
hearts of people everywhere.
Message from the PresidentSharing Passion & Performance
4 5
BösendorferGrand PianoDragonfly
Grand PianoCFX
Digital PianoClavinova CSP-170PE
The Yamaha Corporation Group’s core business begins
with the manufacturing and marketing of musical
instruments, and spans the management of music and
other schools, in addition to the production and sales
of audio and visual media software. These products
and services, which have earned high marks from
music enthusiasts from beginners to professionals,
are supported by research and development that
progress through dialogue with artists as well as fine-
tuned sales and service activities via networks spread
throughout this wide world.
TransAcousticGuitar LL-TA
Line 6Guitar ProcessorHelix Floor
Digital Workstation Genos
VOCALOID Keyboard VKB-100
Acoustic DrumsRecording Custom
MarimbaYM-6100
Recorder YRS-401
PianicaP-37EBR
SaxophoneYTS-82ZASP
Electric GuitarRevstar RSP20CR
YamahaMusic School
442.0
2014
/3
2015
/3
2016
/3
2017
/3
2018
/3
Targ
et f
or
2019
/30
100
200
300
400
500433.0
410.3432.2 435.5
408.2
(Billions of yen)
Net Sales
2014
/3
2015
/3
2016
/3
2017
/3
Targ
et f
or
2019
/3
26.030.1
40.744.3
2018
/3
48.8
55.0
0
10
20
30
40
60
50
0
2
4
6
8
12
10
(Billions of yen) (%)
6.37.0
9.3
10.9 11.312.4
Operating IncomeRatio(%)
Operating Income
20.1%
North America
12.5%
China
16.9%
Other areas
30.9%
Japan
19.6%
Europe
Sales Proportion by Region
Segment Sales Composition
8.5%
Others
63.4%
Musicalinstruments
28.1%
Audio equipment
fiscal2018
fiscal2018
Drawing on the strengths we have nurtured as the
world’s largest manufacturer of musical instruments,
we are driving ahead globally in our three fields of
musical instruments, audio equipment, and industrial
machinery/components and other.
We have Yamaha Group companies and branches
in more than 30 countries and regions, and are
expanding operations to meet the needs of customers
around the world and to deepen our engagement with
our valued customers.
Musical InstrumentsSummary of Businesses
6 7
Our “Others” business segment comprises the
Industrial Machinery / Components businesses,
including electronic devices , factory automation, and
automobile interior wood components. Other
businesses also include golf products, and Yamaha’s
resort business. Our diverse businesses draw on the
technology, know-how, and sensitivities Yamaha has
accumulated through the manufacturing and
marketing of musical instruments to offer products
and services that galvanize the emotions of customers.
KATSURAGI Hotel Kitanomaru
Real wood luxury automotive interior components
Factory Automation Equipment
Hydrogen detectorYHLD-100
Graphic controller for amusement equipment YGV637
Modules for in-vehicle,hands-free telephone calls
Speakers for high resolutionpersonal computersNS-N25
Peltier modulesYKH Series
RMX 218Driver
Golf Productinpres UD+2Driver
Digital Sound ProjectorYSP-5600
RevolabsWireless Microphone SystemExecutive Elite Series
NEXOSpeakerSTM Series
Digital Mixing SystemRIVAGE PM10
Advanced Production SystemNuage
SteinbergDigital Audio WorkstationSoftwareCubase Pro
AV ReceiverAVENTAGE RX-A3080 Hi-Fi Component
A-S3000
USB Conference SpeakerphoneYVC-1000
Video Sound Collaboration Systemfor Huddle RoomsCS-700
VPN ConcentratorRTX5000
Simple L2 SwitchSWX2100-24G
With sound and music at its core, and drawing on
its accumulated know-how in digital and acoustic
technologies, Yamaha’s audio equipment business
delivers best-in-class commercial and consumer
solutions. The audio equipment business spans
professional audio equipment, music production
equipment and software as well as audiovisual
equipment, commercial online karaoke systems,
network devices and unified communication devices.
Premium Bookshelf SpeakerNS-5000
Wireless SpeakerWX-010
Speaker SystemVXS Series / VXC Series
OthersAudio Equipment
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iF Design AwardGOOD DESIGN AWARD
Electric GuitarREVSTAR™
Digital WorkstationGenos™
Based on its integrated design policy expressed in its
Yamaha Design Philosophy, Yamaha continues to impart
its original and engaging style across a wide range of
products throughout the world.
Yamaha’s design has achieved marks, winning a number
of notable design awards from authoritative sources.
Electric ViolinYEV
Premium Bookshelf SpeakerNS-5000
iF Design Award Gold Award
Red Dot Design Award
iF Design AwardRed Dot Design Award Best of the BestGerman Design AwardGOOD DESIGN AWARD
iF Design Award Gold AwardRed Dot Design AwardGerman Design AwardDesign for Asia Award Grand AwardGOOD DESIGN AWARD
Casual Wind InstrumentVenova™
Mobile Mini Keyboardreface™
GOOD DESIGN AWARDGrand Award
Red Dot Design AwardGerman Design AwardGOOD DESIGN AWARD Good Design Best 100
Audio announcements
in Japanese
Translation into multiple languages
Over its long history of manufacturing acoustic
instruments, Yamaha has produced a broad array of
original technologies, guided by the expertise passed on
from generation to generation and our keen sensitivity
about sound creation. While in the field of digital
instruments and audio equipment, Yamaha has developed
groundbreaking electronics technology. By drawing on
the strengths of these technologies and fusing them,
Yamaha continues to create value in unique ways as well
as new ways to enjoy and utilize sound and music.
Omotenashi Guide™Yamaha’s "Omotenashi* Guide" helps promote inbound
tourism and barrier-free initiatives by receiving translations
of Japanese-language announcements in written formats on
smartphones and tablet devices.*"Omotenashi" in Japanese means "hospitality."
ViReal™ViReal is a recording, editing, and reproduction technology
that captures 3D sounds in a real world fashion.
Listening with headphones and multi-speakers installed with
ViReal technology, users can experience a greater depth and
presence of sound than ever before imagined.
Yamaha fuses its technologies to invent new hybrid instruments and to enhance its existing
products.
Initiatives in New Businesses
Fusion of Core Technologies
In the musical instruments domain, Yamaha has a long
history of R&D related to processing wood, metal, and other
materials and draws on this legacy to present its customers
with more and more fulfilling sound and music experiences.
What is more, through ongoing research of technologies on
the mechanisms of keyboard actions, sound generation and
effects, and acoustics, we have a passion for developing
superior sound and making outstanding performance possible.
In the audio equipment sphere, Yamaha draws on its strengths
in advanced software and electronic technologies, primarily
in digital signal processing and network technologies and
leverages its expertise as well as its know-how about sound
in innovative ways. Yamaha offers high-value-added products
like AV products and PA equipment as well as network devices.
Core Technologies
Research on instrument structureYamaha constantly evolves its instruments by using its cutting-edge technologies to study how acoustic musical instruments vibrate and transmit sound.
VCM (Virtual Circuitry Modeling) TechnologyTo recreate the richness of sound obtained from analogue audio equipment, VCM technology makes it possible to do precise modeling from the circuit element level to the overall circuit in the world’s best audio equipment.
HiFi Speaker DiaphragmsYamaha uses a newly developed speaker diaphragm materials in all the units of these speakers to give listeners smooth and precise reproduction over the full audible range.
TransAcoustic Piano
TransAcoustic PianoTransAcoustic Piano is a hybrid piano that combines an acoustic piano and a digital piano.
By using a transducer, which is an oscillating mechanism, the vibrations produced by the
digital system are transmitted efficiently to the acoustic piano’s soundboard, and, without
using a speaker system, the sound emerges directly from the soundboard.
DesignResearch & Development
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Music education programs teaching children how to play musical
instruments have been adopted in schools around the world. However,
due to the lack of equipment and instructors, as well as curriculum
issues, in some countries instrumental music education is not provided,
or is of insufficient quality. Yamaha is developing its “School Project” to
offer opportunities to play musical instruments and allow as many
children as possible to experience the joy of playing musical
instruments.
In 2015, Yamaha began to offer “Music Time,” which is a program
comprising a package that includes musical instruments, teaching
materials and teachers’ training, and is offered mainly to public primary
schools in Malaysia, Indonesia, and Russia.
In Vietnam, in cooperation with that country’s Ministry of Education
and Training, since 2016 Yamaha is taking initiatives to support the
introduction of instrumental music education into music school
curricula for primary and secondary-school education.
In the countries of Latin America, juvenile crime and delinquency
are becoming more serious. Governments are working to provide
music education free of charge, and orchestras and bands have
been formed to promote the healthy development of young people.
Yamaha has supported these activities for many years to allow many
young people to participate. In 2014, Yamaha instituted its “AMIGO
Project” to further strengthen these activities. Under this project,
workshops are held to teach the young performers how to maintain
their instruments in good condition by themselves. Also, to provide
additional support for putting broken instruments back in working
order, Yamaha is helping to train repair technicians. Through these
activities, Yamaha is working to create better environments where
young people are able to continue their music performance.
The Yamaha Group uses a diversity of wood species mainly for
manufacturing musical instruments, and accordingly, is implementing
initiatives aimed at ensuring the sustainability of wood resources.
Beginning in 2015, Yamaha launched a survey of African Blackwood
(Dalbergia melanoxylon), which is a rare wood used in wind
instruments, in the regions of origin in Tanzania. Also, in 2016, with
support from the Japan International Cooperation Agency (JICA),
Yamaha instigated a forest conservation project in collaboration with
local NGOs, which is aimed at combining sustainable community
forestry with planting activities in natural forests. Through these
activities, Yamaha is working to create a business model that can
achieve sustainable development in local communities as well as stable
timber procurement.
The “School Project”
Orchestra and Band Support Activities for Youth Development
Initiatives Aimed at Sustainable Use of Wood Resources
Recorder trial class in Vietnam
A “Music Time” activity at an Indonesian public primary school
Brass band supported by Yamaha Music Latin America, S.A.
Tree planting activities in January 2018 in Tanzania
The United Nations Global Compact (UNGC) is a
voluntary code of conduct that encourages businesses
worldwide to act as good corporate citizens, by
observing principles in the four general areas of human
rights, labor, the environment, and anti-corruption,
and promotes business participation in a worldwide
framework that will realize sustainable growth.
Yamaha became a signatory to UNGC in June 2011,
and cooperates actively with Global Compact Network
Japan in such ways as managing subcommittees.
Guided by its Environmental Policy, the Yamaha Group is
working hard to create environmentally friendly products to
contribute to a sustainable society. To support this effort,
Yamaha established the Yamaha Eco-Products Program in
2015, which certifies environmentally friendly products that
meet standards established by the Company.
The Yamaha Eco-Label is attached to products that meet the
Company’s standards. By providing customers with easy-to-
understand information on the environment, the program
aims to assist customers in selecting which products to
purchase.
Yamaha Eco-Products Program
Example of certified productsAV Receiver “RX-V583”Reason for certification: reduction of network-standby power consumption
Through its business activities, the Yamaha Group
undertakes activities, which we call sustainability
initiatives to contribute to the creation of sustainable
societies.
With our unique expertise and sensibilities gained from
our devotion to sound and music, Yamaha is committed
to contributing to the further development of musical
culture and affluent societies. Along with these activities,
Yamaha believes it is important to address global-
level environmental issues, such as climate change
and maintenance of biodiversity as well as implement
initiatives to addressing social issues, including promotion
of diversity and human rights.
As a signatory to the United Nations Global Compact
(UNGC), Yamaha observes the Compact’s Ten Principles
of corporate behavior and, at the same time, aims
to contribute to the attainment of the Sustainable
Development Goals (SDGs) that have been set as common
objectives for international society.
Looking ahead, as business activities become more global
in scope, Yamaha will endeavor to raise awareness of
responsibility to society and social contribution within
the Yamaha Group as a whole and will take initiatives to
address issues related to realizing sustainable societies.
Sustainability
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Yamaha Corporation of America
Yamaha Music InterActive, Inc.
YMH Digital Music Publishing, LLC *2
Yamaha Guitar Group, Inc.
Yamaha Unified Communications, Inc.
Yamaha Artist Services, Inc.
Yamaha Canada Music Ltd.
Yamaha de México, S.A. de C.V.
Yamaha Music Latin America, S.A.
Branch in Argentina
Yamaha Musical do Brasil Ltda.
Yamaha Music Europe GmbH
Branch in France
Branch in Italy
Branch in Ibérica
Branch in the U.K.
Branch in Scandinavia
Branch in Switzerland
Branch in Austria
Branch in Benelux
Branch in Poland
Branch in Turkey
Steinberg Media Technologies GmbH
Nexo S.A.
L. Bösendorfer Klavierfabrik GmbH
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Yamaha Music & Electronics Taiwan Co., Ltd.
Yamaha Music & Electronics (China) Co., Ltd.
Yamaha Music Technical (Shanghai) Co., Ltd.
Yamaha Trading (Shanghai) Co., Ltd.
Yamaha Electronics (Suzhou) Co., Ltd.
Xiaoshan Yamaha Musical Instruments Co., Ltd.
Hangzhou Yamaha Musical Instruments Co., Ltd.
Tianjin Yamaha Electronic Musical Instruments, Inc.
Shenzhen Yamaha Music & Electronics Trading Co., Ltd *1
Yamaha Music Korea Ltd.
Yamaha Music (Asia) Pte. Ltd.
Yamaha Music (Malaysia) Sdn. Bhd.
Yamaha Electronics Manufacturing (M) Sdn. Bhd.
PT. Yamaha Indonesia
PT. Yamaha Music Manufacturing Indonesia
PT. Yamaha Musik Indonesia (Distributor)
PT. Yamaha Music Manufacturing Asia
PT. Yamaha Musical Products Asia
PT. Yamaha Musical Products Indonesia
PT. Yamaha Electronics Manufacturing Indonesia
Siam Music Yamaha Co., Ltd. *1
Yamaha Music Vietnam Company Ltd.
Yamaha Music India Pvt. Ltd.
Yamaha Music Gulf FZE
Yamaha Music (Russia) LLC.
Yamaha Music Australia Pty. Ltd.
California, U.S.A.
California, U.S.A.
California, U.S.A.
California, U.S.A.
Massachusetts, U.S.A.
New York, U.S.A.
Toronto, Canada
Mexico City, Mexico
Panama City, Panama
Buenos Aires, Argentina
São Paulo, Brazil
Rellingen, Germany
Croissy-Beaubourg, France
Milan, Italy
Madrid, Spain
Milton Keynes, U.K.
Gothenburg, Sweden
Thalwil, Switzerland
Vienna, Austria
Vianen, Netherlands
Warsaw, Poland
Istanbul, Turkey
Hamburg, Germany
Plailly, France
Wiener Neustadt, Austria
Overseas Network
Location
New Taipei, Taiwan
Shanghai, China
Shanghai, China
Shanghai, China
Suzhou, China
Hangzhou, China
Hangzhou, China
Tianjin, China
Shenzhen, China
Seoul, South Korea
Singapore
Petaling Jaya, Malaysia
Chemor, Malaysia
East Jakarta, Indonesia
East Jakarta, Indonesia
Central Jakarta, Indonesia
Bekasi, Indonesia
Bekasi, Indonesia
Pasuruan, Indonesia
Pasuruan, Indonesia
Bangkok, Thailand
Ho Chi Minh City, Vietnam
Gurgaon, India
Dubai, U.A.E.
Moscow, Russia
Melbourne, Australia
LocationCompany name Company name
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Yamaha Corporation of AmericaYamaha Electronics (Suzhou)
Yamaha Music & Electronics (China)
Yamaha Music Europe
Yamaha Indonesia
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161413 15Headquarters
In 1955, Yamaha’s motorcycle division was split off from Yamaha (called Nippon Gakki Co., Ltd., at that time), thus giving birth to a new company. Although both companies are independent in terms of management, they share the goals of helping to enrich people’s lives and contribute to the community and culture through sharing passion and performance with and offering new excitement to customers. To realize the missions of the Yamaha brand, the main business of Yamaha Corporation is sound and music and the principal business of Yamaha Motor is providing personal mobility. Each company is working to responsibly create shared value with its stakeholders.
Two Yamahas, One Passion: Yamaha Corporation and Yamaha Motor Co., Ltd.
■ Sales companies, etc.
● Manufacturing / production companies, etc. ● Music entertainment business companies
● Retail shops (Yamaha Music Retailing Co., Ltd.)
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Mombetsu-gun, Hokkaido, Japan
Kitaakita, Akita, Japan
Minato, Tokyo, Japan
Minato, Tokyo, Japan
Chuo, Tokyo, Japan
Shibuya, Tokyo, Japan
Shibuya, Tokyo, Japan
Fukui, Japan
Location LocationCompany name Company name
Yamaha Resort Inc.
Yamaha Music Manufacturing Japan Corporation
Yamaha Hi-Tech Design Corporation
Yamaha Piano Service Co., Ltd.
Yamaha Business Support Corporation
Yamaha Ai Works Co., Ltd. *1
Yamaha Fine Technologies Co., Ltd.
Yamaha Travel Service Co., Ltd.
Jeugia Corporation *2
Fukuroi, Shizuoka, Japan
Iwata, Shizuoka, Japan
Iwata, Shizuoka, Japan
Hamamatsu, Shizuoka, Japan
Hamamatsu, Shizuoka, Japan
Hamamatsu, Shizuoka, Japan
Hamamatsu, Shizuoka, Japan
Hamamatsu, Shizuoka, Japan
Kyoto, Japan
*1 Non-consolidated subsidiaries and affiliates *2 Equity-method affiliates
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Domestic Network
Yamaha Music Manufacturing Japan Corporation
Yamaha Ginza
Kitami Mokuzai Co., Ltd.
Sakuraba Mokuzai Co., Ltd.
Yamaha Music Japan Co., Ltd.
Yamaha Music Retailing Co., Ltd.
Yamaha Sound Systems Inc.
Yamaha Music Entertainment Holdings, Inc.
Yamaha Music Communications Co., Ltd.
Matsukiya Co., Ltd.
Main Networks (As of June, 2018)
1887 Company founder Torakusu Yamaha repairs elementary school’s reed organ and successfully builds his first reed organ
1889 Establishes Yamaha Fukin Seizoujo (currently Yamaha Corporation)
1897 Establishes Nippon Gakki Co., Ltd.(currently Yamaha Corporation)
1900 Begins production of upright pianos
1949 Lists on Tokyo Stock Exchange
1954 Establishes Yamaha Music School and holds pilot classes
Produces its first audio product (HiFi player)
Begins production of motorcycles
1955 Establishes Yamaha Motor Co., Ltd. (splits off motorcycle division)
1958 Establishes first overseas subsidiary, Yamaha de México S.A. in Mexico
Begins production of sports equipment
1959 Begins production of electronic organs (Electone™)
1960 Establishes subsidiary in United States, Yamaha International Corporation (currently Yamaha Corporation of America)
1962 Begins recreation business
1965 Begins production of wind instruments
1966 Establishes Yamaha Music Foundation (becomes general incorporated foundation in 2011)
Expands into Europe with founding of Yamaha Europa GmbH in former West Germany
1968 Issues shares at market price (the first such issuance in Japan)
1971 Begins production of semiconductors
1980 Establishes Yamaha Piano Technical Academy, a piano tuner training school
1987 Changes corporate name from Nippon Gakki Co., Ltd. to Yamaha Corporation to mark 100th year in business
Opens Yamaha English-language school
1989 Establishes subsidiary in China, Tianjin Yamaha Electronic Musical Instruments, Inc., for manufacture and sale of digital musical instruments
2002 Establishes Yamaha Music & Electronics (China) Co., Ltd. Establishes Yamaha Music Holding Europe GmbH in
Germany (currently Yamaha Music Europe GmbH)
2005 Acquires German audio software house Steinberg Media Technologies GmbH
2008 Acquires Austrian piano manufacturer L. Bösendorfer Klavierfabrik GmbH
Acquires French loudspeaker manufacturer NEXO S.A.
2010 Completes integration of Japanese piano factories into Kakegawa plant
2012 Completes integration of Japanese wind instrument factories into Toyooka plant
Celebrates 125th year in business
2014 Acquires U.S. musical instrument and audio equipment manufacturer Line 6, Inc.(currently Yamaha Guitar Group, Inc.)
Acquires U.S. provider of wireless audio solutions Revolabs, Inc.(currently Yamaha Unified Communications, Inc.)
2018 Opens Yamaha Corporate Museum "Innovation Road"
14 15
The Yamaha Philosophy expresses the philosophical
framework of the Yamaha Group and consists of five
elements: the Corporate Slogan, Corporate Philosophy,
Customer Experience, Yamaha Way (mindset and
manners), and Yamaha Quality (criteria for quality).
We utilize the Yamaha Philosophy as a foundation,
and try to think from the customer's viewpoint, and
consistently provide high quality products and services
that exceed the expectations of our customers, and to
create excitement and cultural inspiration together with
people around the world.
The Yamaha Group is steadily expanding its business
operations guided by its Corporate Philosophy which
continues to be upheld to this day. Drawing upon the
accumulated unique Yamaha qualities that Yamaha has
cultivated in its 130-year history, Yamaha will continue
to create products and services that contribute to the
development of musical culture and the enrichment of
society.
Company Name
Headquarters
Year of Foundation
Date of Incorporation
Paid-in Capital
Net Sales
Yamaha Corporation
10-1, Nakazawa-cho, Naka-ku, Hamamatsu, Shizuoka 430-8650, Japan
1887
October 12, 1897
¥28,534 million
¥433.0 billion
Number of Employees (Consolidated)
Number of Employees by Region
Number of Subsidiary Companies
Number of Affiliated Companies
20,228 (Excluding average number of temporary employees: 7,558)
Japan: 5,845, North America: 789, Europe: 1,086, China: 5,335, Others: 7,173
63 (of which 59 are consolidated companies)
6
Director Takuya NakataDirector Satoshi YamahataDirector Masahito HosoiOutside Director Shigeru NosakaOutside Director Masatoshi ItoOutside Director Junya HakodaOutside Director Yoshimi NakajimaOutside Director Taku FukuiOutside Director Yoshihiro Hidaka
Corporate Slogan Sharing Passion & Performance
The Corporate Slogan is a more concise statement of the Yamaha Philosophy.
Corporate PhilosophyThe Yamaha Philosophy defines the reason for Yamaha’s existence as a company and the goals that we seek to achieve through our work together.
Customer ExperienceThe Customer Experience exemplifies the meaning of “Sharing Passion & Performance” from the customer’s viewpoint. When customers experience, use, or own Yamaha products and services, they should experience a profound response that will stimulate both their emotions and senses.
Yamaha QualityThe Yamaha Quality is a set of criteria that supports Yamaha’s insistence on quality in products and services and our dedication to excellence in manufacturing. These criteria assist in making the Corporate Philosophy a reality.
Yamaha WayThe Yamaha Way explains the mindset that all employees of the Yamaha Group should adopt, and the manner in which they should act on a daily basis, in order to put the Corporate Philosophy into practice.
President and Representative Executive Officer Takuya NakataManaging Executive Officer Shinobu KawaseManaging Executive Officer Satoshi YamahataExecutive Officer Shigeki FujiiExecutive Officer Akira IizukaExecutive Officer Seiichi YamaguchiExecutive Officer Takashi Dairokuno
Yamaha Philosophy
Corporate Data (As of March 2018)
Board of Directors and Executive Officers (As of June 25, 2018)
Board of Directors Executive Officers
Our History
2018/7 - CM175
Corporate Profile
Corporate Communications Division
https://www.yamaha.com/en/
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