Directors, Audit & Supervisory Board Members,and Executive Officers

MC: Motorcycle
AM: Automotive
WV: Water Vehicle
ME: Marine Engine
NLV: New Land Vehicle
PF: Platform

As of April 1, 2017

Board of DirectorsIDirector
Yoshihiro Hidaka

April 1987: Joined the Company
July 2010:
Vice President of Yamaha Motor Corporation, U.S.A.
March 2017: Senior Executive Officer and Director, Executive General Manager ofCorporate Planning & Finance Center (to present)

J Director (Outside)

Tamotsu Adachi
April 1977:
Joined Mitsubishi Corporation
January 1988: Joined McKinsey & Company, Inc. Japan
June 1995:
Partner of McKinsey & Company, Inc. Japan
March 1997:
Managing Director of Business Development Department, GE Capital Japan
March 1999:
President and CEO of Japan Lease Auto Co.
December 2000: President and CEO of GE Fleet Services Co.
May 2003:
Managing Director and Japan Representative of Carlyle Japan LLC
June 2003:
Outside Director of Benesse Corporation (currently Benesse Holdings, Inc.)
November 2007: Managing Director and Co-Representative of Carlyle Japan LLC
June 2009:
Outside Director of Benesse Corporation (currently Benesse Holdings, Inc.) (to present)
March 2013:
Outside Director (to present)

June 2016:
Chairman of Carlyle Japan LLC
October 2016: Senior Advisor of Carlyle Japan LLC (to present)
October 2016: Representative Director and President, CEO of Benesse Holdings, Inc. (to present)

K Director (Outside)

Takuya Nakata
April 1981: Joined Nippon Gakki Co., Ltd. (currently Yamaha Corporation)
October 2005: General Manager of PA/DMI Division of Yamaha Corporation
June 2006: Executive Officer of Yamaha Corporation
June 2009: Director & Executive Officer of Yamaha Corporation
April 2010: President of Yamaha Corporation of America
June 2010: Senior Executive Officer of Yamaha Corporation
June 2013: President and Representative Director of Yamaha Corporation (to present)
March 2014: Outside Director (to present)

A President and Representative Director

Hiroyuki Yanagi
April 1978:
March 2009:

Joined the Company
Senior Executive Officer, Chief General Manager of Manufacturing
CenterNovember 2009: Senior Executive Officer, Senior General Manager of MC Business
Section, MC Business Operations
March 2010:
President, Chief Executive Officer and Representative Director
June 2011:
Director of Yamaha Corporation (to present)
January 2012: President, Chief Executive Officer and Representative Director, Chief
General Manager of MC Business Operations
January 2015: President, Chief Executive Officer and Representative Director(to present)

C Director

Masahiro Takizawa

B Representative Director

JIGFHGenichi Tamatsuka

April 1971:
June 2000:
June 2003:
June 2004:
June 2005:
June 2009:

Joined Toyota Motor Co., Ltd. (currently Toyota Motor Corporation)
Director of Toyota Motor Corporation
Managing Officer of Toyota Motor Corporation
Director of Toyota Motor Corporation
Senior Managing Director of Toyota Motor Corporation
Executive Vice President, Member of the Board of Toyota Motor Corporation
Outside Member of the Audit & Supervisory Board of JTEKT Corporation
June 2013: Chairman & Representative Director of JTEKT Corporation
March 2015: Outside Director (to present)
June 2016: Advisor of JTEKT Corporation (to present)
June 2016: Outside Director of NIPPON SHARYO, LTD. (to present)

April 1985:
Joined ASAHI GLASS CO., LTD.
July 1998:
Joined IBM Japan, Ltd.
December 1998: Joined FAST RETAILING CO., LTD.
November 2002: President and Representative Director, and COO of FAST RETAILING CO., LTD.
September 2005: Founder and Representative Director and COO of Revamp Corporation
November 2010: Advisor of Lawson, Inc.
March 2011:
Senior Executive Vice President and COO of Lawson, Inc.
May 2012:
Member of the Board, Senior Executive Vice President and COO of Lawson, Inc.
May 2013:
Member of the Board, Representative Executive Officer and COO of Lawson, Inc.
May 2014:
President and CEO, Representative Director of Lawson, Inc.
June 2015:
Outside Director of AIG Japan Holdings KK (to present)
June 2016:
Chairman and CEO, Representative Director of Lawson, Inc.
March 2017:
Chairman of the Board, Representative Director of Lawson, Inc. (to present)
March 2017:
Outside Director (to present)

KApril 1976:
March 2005:
March 2007:

Joined the Company
Director, Senior General Manager of AM Operations
Senior Executive Officer and Director, Senior General Manager of AMOperations
January 2009: Senior Executive Officer and Director, Chief General Manager of Marine
Business Operations and Executive General Manager of WV Business Unit,Marine Business Operations
November 2009: Managing Executive Officer and Representative Director, Chief General
Manager of Marine Business Operations and Executive General Managerof WV Business Unit, Marine Business Operations
March 2010:
Senior Managing Executive Officer and Representative Director, Chief
General Manager of Marine Business Operations and Executive General
Manager of WV Business Unit, Marine Business Operations
January 2012: Senior Managing Executive Officer and Representative Director, Chief
General Manager of Technology Center and Chief General Manager ofMarine Business Operations
March 2014:
Executive Vice President and Representative Director, Chief General
Manager of Technology Center, Chief General Manager of Design Center,and Chief General Manager of Marine Business Operations
January 2017: Executive Vice President and Representative Director, Chief General
Manager of Marine Business Operations (to present)

D Director

Katsuaki Watanabe

Audit & Supervisory Board Members

MECA

BDLPF Director

G Director

H Director

April 1982: Joined the Company
April 2003: Director of Yamaha Motor da Amazonia Ltda.
March 2015: Senior Executive Officer, Chief General Manager of Manufacturing Center
March 2017: Senior Executive Officer and Director, Chief General Manager ofManufacturing Center (to present)

OQ

Toshizumi Kato
June 1986: Joined the Company
January 2011: Director and President of Yamaha Motor Corporation, U.S.A.
March 2012: Senior Executive Officer
March 2014: Senior Executive Officer and Director
January 2016: Senior Executive Officer and Director, Chief General Manager of Vehicle & Solution
Business Operations
March 2016: Managing Executive Officer and Director, Chief General Manager of Vehicle & Solution
Business Operations (to present)

Katsuhito Yamaji

NE Director

April 1982: Joined the Company
March 2011: Senior Executive Officer and Chief General Manager of Manufacturing
CenterApril 2013: Senior Executive Officer, Executive General Manager of 1st Business
Unit, MC Business Operations and Chief General Manager ofManufacturing CenterJanuary 2015: Senior Executive Officer and Director, Chief General Manager of MC
Business Operations and Executive General Manager of 1st Business
Unit, MC Business Operations
March 2016: Managing Executive Officer and Director, Chief General Manager of
MC Business Operations (to present)

April 1981: Joined the Company
March 2012: Senior Executive Officer, and Executive General Manager of ME Business
Unit, Marine Business Operations
January 2013: Director and President of PT. Yamaha Indonesia Motor Manufacturing
March 2015: Senior Executive Officer and Director
January 2016: Senior Executive Officer and Director, Deputy Chief General Manager of New
Business Development Center, and Senior General Manager of New Land
Vehicle Business Development Section, New Business Development CenterJanuary 2017: Senior Executive Officer and Director, Deputy Chief General Manager

M Director (Outside)

Atsushi Niimi

Takaaki Kimura

April 1978: Joined the Company
March 2010: Senior Executive Officer, Senior General Manager of Corporate Planning
Section and General Manager of Corporate Planning Division, Corporate
Planning Section
January 2011: Senior Executive Officer, Chief General Manager of Business Development
Operations
March 2011: Senior Executive Officer and Director, Chief General Manager of Business
Development Operations
March 2013: Managing Executive Officer and Director, Chief General Manager of Business
Development Operations
January 2016: Managing Executive Officer and Director, Chief General Manager of New
Business Development Center (to present)

Yoichiro Kojima

L Director (Outside)

Makoto ShimamotoApril 1983: Joined the Company
March 2015: Senior Executive Officer, Chief General Manager of PF Model Unit and Senior General
Manager of PF Model Development Section, PF Model Unit
January 2017: Senior Executive Officer, Chief General Manager of Technology Center and Chief General
Manager of PF Model Unit
March 2017: Senior Executive Officer and Director, Chief General Manager of Technology Center andChief General Manager of PF Model Unit (to present)

N Standing Audit & Supervisory Board Member

Hiroshi ItoApril 1980: Joined the Company
January 2011: Director and President of Yamaha Motor Manufacturing Corporation ofAmerica
January 2015: Chief General Manager in charge of planning, Corporate Planning Division,
Corporate Planning & Finance Center
March 2015: Audit & Supervisory Board Member (to present)

O Standing Audit & Supervisory Board Member

Kenji Hironaga
April 1982:
Joined the Company
February 2010: General Manager of Human Resources Development Division, Human
Resources & General Affairs Section
September 2014: Chief General Manager in charge of planning, Audit & Supervisory
Board Member’s Office
March 2015:
Audit & Supervisory Board Member (to present)

P Audit & Supervisory Board Member (Outside)

Tomomi Yatsu
April 1983:
Joined Tokyo Electron Limited
October 1986: Joined Tohmatsu Awoki & Sanwa (currently Deloitte Touche Tohmatsu LLC)
September 1990: Registered as a certified public accountant
November 2001: Registered as an attorney
Joined New Tokyo Law Office (currently Bingham Sakai Mimura
Aizawa-Foreign Law Joint Enterprise)
April 2007:
Partner of Bingham Sakai Mimura Aizawa-Foreign Law Joint Enterprise(to present)
June 2009:
Outside Audit & Supervisory Board Member of CALBEE, Inc.
June 2010:
Outside Audit & Supervisory Board Member of Taiko Pharmaceutical Co., Ltd.
March 2012:
Outside Statutory Auditor of Kokuyo Co., Ltd.
March 2015:
Outside Audit & Supervisory Board Member (to present)
April 2015:
Partner of TMI Associates (to present)
June 2016:
Outside Executive Director of SMBC Nikko Securities Inc.

Q Audit & Supervisory Board Member (Outside)

Masahiko Ikaga
October 1979:
March 1988:
May 1988:

Joined Tohmatsu Awoki & Co. (currently Deloitte Touche Tohmatsu LLC)
Registered as a Certified Public Accountant
Director of Tohmatsu Touche Ross Consulting Co., Ltd. (currently ABeamConsulting Ltd.)May 1990:
Partner of Tohmatsu Awoki & Co. (currently Deloitte Touche Tohmatsu LLC)
April 1993:
Director of Tohmatsu Consulting Co., Ltd. (currently Deloitte Tohmatsu
Consulting LLC)
March 2000:
Representative Director and President of Tohmatsu Consulting Co., Ltd.
October 2010: Chairman and Director of Tohmatsu Consulting Co., Ltd.
November 2013: CSO of Deloitte Touche Tohmatsu LLC
April 2016:
Established Masahiko Ikaga Certified Public Accounting Office
May 2016:
Representative Director of PrajnaLink Co., Ltd. (to present)
June 2016:
External Audit & Supervisory Board Member of Morinaga Milk Industry
Co., Ltd. (to present)
March 2017:
Outside Director (to present)of New Business Development Center, Senior General Manager of
New Land Vehicle Business Development Section, New Business
Development Center, and Deputy Chief General Manager of MC
Business Operations (to present)

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Comments from an Outside DirectorDirectors, Audit & Supervisory Board Members, and Executive Officers

Based on our highly transparent management, I hope to continue

Executive Officers
President and Chief Executive Officer
Hiroyuki Yanagi

to create products that deliver excitement to customers.

Executive Vice PresidentTakaaki Kimura
Chief General Manager of Marine Business Operations

In recent years, Yamaha Motor has gone through painful restructuring, and managed to create

Managing Executive Officer
Masahiro Takizawa

Managing Executive Officer

Managing Executive Officera solid management base by steadily pursuing to achieve the targets of the Medium-Term

Katsuaki Watanabe

Toshizumi KatoManagement Plan under a management policy of emphasizing ROE. We are now embarking on theChief General Manager of New
Business Development Center

Chief General Manager ofMotorcycle Business Operations

Chief General Manager of Vehicle &Solution Business Operations

next step toward becoming a unique company that continues to achieve dynamic milestones. I feel
privileged to be able to join the Board of Directors of the Company at this time.

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Yoichiro Kojima

Katsuhito Yamaji

Makoto Shimamoto

Yoshihiro Hidaka

Hiroaki Fujita

Deputy Chief General Manager of
New Business Development Center,
Senior General Manager of New
Land Vehicle Business Development
Section, New Business Development
Center, and Deputy Chief General
Manager of Motorcycle BusinessOperations

Chief General Manager of
Manufacturing CenterChief General Manager ofTechnology Center, and Chief
General Manager of PF Model Unit

Chief General Manager ofCorporate Planning & FinanceCenterPresident of Yamaha Motor India
Pvt. Ltd.

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Masaru Ono

Masahiro Inoue

Junzo Saitoh

Chief General Manager of CS
CenterChief General Manager ofProcurement Center, andSenior General Manager of
Cost Innovation Section,
PF Model Unit

Chief General Manager of Human
Resources & General AffairsCenterExecutive Officer

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Masaki AsanoYoshitaka Noda

Kazuhiro Kuwata

Tatsumi Okawa

Akihiro Nagaya

President of Yamaha Motor
India Sales Pvt. Ltd.

Senior General Manager ofEngine Unit

President of Yamaha Motor
Europe N.V.

President of Yamaha Motor
Corporation, U.S.A., andDeputy Chief General
Manager of Marine
Business Operations

Chief General Manager of Design
CenterExecutive Officer

Executive Officer

Our operating divisions are currently streamlining and realigning businesses while continuing
to formulate new plans and pursue the challenge of new markets for further growth. The Company
Atsushi Niimi
Outside Directoris also exploring new business opportunities with a view toward the future. Important managementissues are discussed at meetings of the Management Committee and the Management ResearchCommittee, on which I serve, before being proposed at meetings of the Board of Directors. Thisensures ample opportunity for free and thorough exchange of opinions, and I believe this also has
the benefit of enhancing the transparency of management decision-making by clarifying risks andimplementing decisions with the firm backing of management.
We are also making steady progress in creating a management structure that conforms to theCorporate Governance Code, while adding improvements such as regular reviews of the structure’seffectiveness.
From this perspective, it is clear to me that Yamaha Motor is a solid company where management

Our products do not just give customers pleasure; they are also intended to benefit the world
at large. To achieve this, we make sure that the employees who make our products enjoy their workof creating uniquely Yamaha products, based on the idea that “our customers will not be satisfied
unless our employees are satisfied.” I believe this is an excellent concept.

Executive Officer

Executive Officer

Executive Officer

Heiji Maruyama

Hirofumi Usui

Satohiko Matsuyama Minoru Morimoto

Yasuo Tanaka

Deputy Chief General Managerof Engine Unit, Senior General
Manager of Engine Development
Section, Engine Unit, and Executive
General Manager of Automotive
Business Unit

Senior General Manager of Marine
Business Section, Marine Business
Operations, and General Manager of
Product Planning Division, Marine
Business Section, Marine Business
Operations

Executive General Manager ofRecreational Vehicle Business Unit,
Vehicle & Solution Business
Operations

Senior General Manager of After
Sales Section, CS Center

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Motofumi Shitara

Eric de Seynes

Dyonisius Beti

Toshihiro Nozue

Satoshi Hirose

Deputy Chief General Manager ofCorporate Planning & FinanceCenter

COO of Yamaha Motor Europe N.V.

COO of PT. Yamaha Indonesia Motor
Manufacturing

Executive General Manager ofMarine Engine Business Unit,
Marine Business Operations

Deputy Chief General Manager of
Manufacturing Center, and Senior
General Manager of Engine
Manufacturing Section, Manufacturing
CenterPresident of PT. Yamaha Indonesia
Motor Manufacturing

takes its responsibilities vigilantly and seriously and strives to be accountable to all stakeholders.

Enjoying one’s work, however, does not mean that we can ignore the difficult times and stopaiming to be a continually growing company with solid profitability. I hope to continue our efforts
in all areas to constantly strive for reductions in lead times from order to delivery, and create
workplaces with tightly honed operations that thoroughly eliminate inefficiencies.
My hope is that going forward, Yamaha Motor will continue to deliver excitement to customers
and benefit the world at large, as a unique company that continues to achieve dynamic milestones
with solid profitability.

CS: Customer Service
PF: Platform

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