Corporate Governance

Basic Corporate Governance Policies

Corporate Governance Guidelines

Yamaha Motor’s Corporate Governance System and Internal Control System (As of March 26, 2018)https://global.yamaha-motor.com/ir/governance/pdf/corporate_

The Company’s Management Principles and Management
Strategies

governance_guidelines-e.pdf

Yamaha Motor’s corporate objective is to be a “Kando* Creating

Corporate Governance System Overview

Appointment/Dismissal

Company.” We aspire to offer new excitement and a more fulfilling life

Main items

for people all over the world. To this end, we provide unique andhigh-quality products and services made available through our technology

Organizational design

to interweave human logic with sensibility by continuously striving to

Number of Directors (number of Outside Directors)

achieve “the unique style of Yamaha Motor’s engineering, manufacturing

Number of Audit & Supervisory Board Members(number of Outside Audit & Supervisory Board
Members)

and marketing,” aiming at creating “new, original and innovative ideas
and messages,” “technology that creates joy and trust amongcustomers,” “attractive designs to express Refined Dynamism,” and“power to build up a lifetime relationship with customers.”
We make ongoing efforts to gain recognition from our various
stakeholders that “the unique style of Yamaha Motor” constitutes the“Yamaha” brand, and to make our products and services the lifelong
preferred choice for stakeholders. We believe that these efforts will
enable us to achieve sustainable growth and enhance our medium- tolong-term corporate value.
Under the Medium-Term Management Plan (2016–2018), we will
carry out specific measures to achieve sustainable growth andenhancement of corporate value. While maintaining and strengthening
a stable financial base, we proactively make strategic investments forValue

11 (4)

Number of meetings of Audit & Supervisory Board(Fiscal 2017)(Average attendance by Outside Audit & Supervisory
Board Members)

13(96.1%)

Board of Directors
11 Directors

Audit

Executive Personnel
Committee

Appointment/Dismissal
Supervision

Reporting businessexecution situations

Appointment/Dismissal

Audit & Supervisory Board
Members
Audit & Supervisory Board

Coordination

Yes

Optional committees of Board of Directors

Executive Personnel
Committee

External Auditor

4 Audit & Supervisory Board Members(including 2 Outside Audit & Supervisory Board Members)

Audit

Coordination

Accounting audit

Coordination

Business Execution
Seeking advice/
Making recommendations

Management Committee

President, Chief
Executive Officer andRepresentative Director

Instruction/Report

Seeking advice/
Making recommendations

Instruction/Report

Risk Management andCompliance Committee

One year

Employment of Executive Officer system

AuditorAppointment/Dismissal(including 4 Outside Directors)

4 (2)
13
(95.8%)(87.8%)(96.2%)

Directors’ terms of office

Seeking advice/
Making recommendations

Company with Audit &Supervisory Board

Number of meetings of Board of Directors (Fiscal 2017)(Average attendance by all members)(Average attendance by Outside Directors)(Average attendance by Outside Audit & Supervisory
Board Members)

growth in the following three domains: “fulfilling lifestyles,” “enjoyment

Integrated Auditing
DivisionInternal audit

Business sectors, Functional sectors, Corporate sectors, Subsidiaries

Ernst & Young
ShinNihon LLC

deliberated upon at the Executive Personnel Committee are reported

in personal mobility,” and “innovative technologies that harmonize with

To ensure the transparency and effectiveness of the deliberation

people, society and the Earth,” to provide our shareholders with

Directors and the Board of Directors

enhanced returns.

The Board of Directors consists of eleven (11) Directors (including four

*Kando is a Japanese word for the simultaneous feelings of deep satisfaction and intense
excitement that we experience when we encounter something of exceptional value.

(4) Outside Directors). In principle, the Board of Directors meets

Committee deliberates upon the appointments and dismissals of theBoard of Directors’ meetings, the majority of the members of themonthly, and additionally from time to time as necessary.

Chief Executive Officer, Directors, Audit & Supervisory Board Members

Executive Personnel Committee consists of Outside Directors, and theand Executive Officers, as well as the selection of candidates for suchmeeting of the Executive Personnel Committee is held more than six

Basic Views on Corporate Governancecollect adequate information, understand relevant laws and regulations

senior management positions and their development plans, whiletimes a year, in principle. The current members are as follows:

To ensure the implementation of the Company’s growth strategies forand other necessary rules, actively express opinions, discuss and makeconfirming future management strategies and personnel requirements

Chairman: Chairman and Representative Director

the future, Yamaha Motor’s Board of Directors establishes andecisions at Board of Directors’ meetings, Management Discussion

for putting them into practice, among other things.

Committee member: President and Representative Director Yoshihiro Hidaka

environment that supports management’s appropriate risk-taking andmeetings and other important meetings in order to obtain sufficient

In the role related to “remuneration,” the Executive Personnel

Committee member: Representative Director

Katsuaki Watanabe

decisive decision-making activities, and multilaterally understands andknowledge on viewpoints and standpoints of various stakeholders

Committee deliberates upon and determines the evaluation standards

Committee member: Outside Director (Independent)

Takuya Nakata

appropriately oversees issues and risks associated with theincluding shareholders, and to achieve sustainable growth and medium-and remuneration system for the Chief Executive Officer, Directors andCommittee member: Outside Director (Independent)

Atsushi Niimi

implementation of the Company’s management strategies from theto long-term enhancement of corporate value.

Executive Officers. The Executive Personnel Committee also evaluates

Committee member: Outside Director (Independent)

Genichi Tamatsuka

the performance of the Company and individuals based on

Committee member: Outside Director (Independent)

Takehiro Kamigama

On the basis of fiduciary responsibilities to shareholders, Directors

viewpoint of fulfilling responsibilities to various stakeholders including
shareholders and investors.

44

General Meeting of Shareholders

to the Board of Directors.
In the role related to “nominations,” the Executive Personnel

Executive Personnel Committee

contributions to medium- to long-term corporate growth and businessprocess, which is the purpose for establishing the Executive Personnel
Committee, as well as to ensure the validity of matters reported to the

Hiroyuki Yanagi

This structure is designed to implement speedy and decisive

Yamaha Motor has established an Executive Personnel Committee,

performance for the said fiscal year, in order to deliberate upon thedecision-making, and appropriate, transparent and fair supervision andwhich is involved in nominations and remuneration, as a voluntarycompensation linked to performance for such senior management

Audit & Supervisory Board Members and the Audit &Supervisory Board

monitoring as the Company’s corporate governance. Accordingly, we

advisory body of the Board of Directors, to improve transparency andwithin the limits of total remuneration resolved at the General Meeting

The Audit & Supervisory Board Members are made up of two (2)formulate corporate governance guidelines and put them into practice invalidity in nominating candidates for executive positions andof Shareholders.

Standing Audit & Supervisory Board Members and two (2) Independent

an appropriate manner.

determining their remuneration, among other objectives. Matters

Yamaha Motor Co., Ltd. ⎜ Annual Report 2017

Yamaha Motor Co., Ltd. ⎜ Annual Report 201745

Outside Audit & Supervisory Board Members. In principle, the Audit &Executive Officers and Management Committee, etc.

Supervisory Board meets monthly, and additionally from time to time as

Risk Management and Compliance Committee

The Company has twenty-nine (29) Executive Officers, of whom six (6)Independent Outside Directors and Outside Audit &Supervisory Board Members

necessary. On the basis of fiduciary responsibilities to shareholders,

serve concurrently as Directors. A Management Committee, comprising

Yamaha Motor appoints Independent Outside Directors in accordance

Executive Officers with specific posts, has been established to

Audit & Supervisory Board Members and the Audit & Supervisory Board,ten (10) Executive Officers with specific posts, has been established towith its “Standards for Selecting Independent Outside Officers,” which

deliberate measures related to risk management and compliance. In

as a body independent from the Board of Directors, request thedeliberate on matters of business execution, speeding up theare disclosed to the public.

principle, the Risk Management and Compliance Committee meets at

Company and its subsidiaries to submit reports on their businessCompany’s decision-making process. In principle, the Management

activities in accordance with laws and regulations, survey the status ofCommittee meets at least monthly, and additionally from time to time as

objectively oversee conflicts of interest between the Company’sbusiness operations and property, exercise rights in respect ofnecessary.

management and shareholders from social perspectives and from theInternal Auditing

standpoints of various stakeholders including shareholders and

The Integrated Auditing Division, with twenty-six (26) members andleast twice annually, and additionally from time to time as necessary.

appointing or dismissing an External Accounting Auditor and audit

In addition, a Global Executive Committee has been established tocompensation, attend meetings of the Board of Directors and otherdeliberate on important management policies and issues related to theinvestors. They are also expected to actively provide the Company with

reporting directly to the President and Chief Executive Officer, has been

important meetings, and provide opinions as needed. Through theseGroup’s management. The Global Executive Committee includes theadvice on management policies and improvements.

established as an internal auditing sector to audit the appropriatenesstasks, Audit & Supervisory Board Members and the Audit & Supervisory

Company’s President and Chief Executive Officer, all Executive Officers

Board audit the legality and appropriateness of Directors’ execution ofwith specific posts, and senior local managers of major Group

Board Members endeavor to understand a complete view of Yamahainternal audit functions have been installed at major subsidiaries,

duties, internal control systems, and the performance and financial

companies, and has thirty-eight (38) members, of whom twenty-eight

Motor’s business operations by inspecting the minutes and reference

working together with the Company’s internal auditing sector to audit

position of the Company and its subsidiaries. An Audit & Supervisory(28) are Japanese and ten (10) are non-Japanese. In principle, thematerials of Management Committee meetings and other important

divisions and subsidiaries.

Board Members’ Office, with a dedicated staff of two (2) persons, has

Global Executive Committee meets at least once annually, andmeetings, and by visiting its worldwide development, procurement,

been established to assist the Audit & Supervisory Board Members withadditionally from time to time as necessary.

production and sales locations, and markets. They attend the Management

Remuneration System for Directors and Executive Officers

Discussion meeting held after the Board of Directors’ meetings on a

The remuneration plan for Directors and Executive Officers consists ofregular basis, and the Executive Discussion meeting held more thanbasic compensation (a monthly compensation), compensation linked toonce a year to openly exchange opinions on the Company’s medium- to

the individual performance, a stock compensation plan reflecting thelong-term management strategies and important management matters.

Company’s medium- to long-term consolidated performance, andSummary of “Standards for Selecting Independent Outside
Officers”

bonuses of Directors and Executive Officers reflecting short-term

I. Independent Outside Officers may not be:

and Executive Officers to acquire the Company’s shares monthly at atheir audit and supervisory operations.

Appointment of Outside Directors and Outside Audit & Supervisory Board Members
Position

Name

Reasons for appointment

Takuya Nakata

The Company nominated Takuya Nakata as an Outside Director in the belief that he will provide the Company’s
management with valuable advice and supervision based on his wide range of insights and his ample experience inmanagement as Director, President and Representative Executive Officer of Yamaha Corporation, by which the Company
aims to increase the value of the Yamaha brand commonly used by both companies. He meets the requirements forindependence stipulated by the Tokyo Stock Exchange and the “Standards for Selecting Independent Outside Officers,”
and the Tokyo Stock Exchange has been duly notified of his designation as an Outside Officer.

Atsushi Niimi

Outside Directors

Genichi Tamatsuka

The Company nominated Atsushi Niimi as an Outside Director in the belief that he will provide the Company’s
management with valuable advice and supervision based on his ample experience managing global companies andhis wide range of insights. He meets the requirements for independence stipulated by the Tokyo Stock Exchange andthe “Standards for Selecting Independent Outside Officers,” and the Tokyo Stock Exchange has been duly notified ofhis designation as an Outside Officer.
The Company nominated Genichi Tamatsuka as an Outside Director in the belief that he will provide the Company’s
management with valuable advice and supervision based on his wide range of insights and his ample experiencein management, through his experiences in various managerial positions, including as a representative director forseveral companies. He meets the requirements for independence stipulated by the Tokyo Stock Exchange and the“Standards for Selecting Independent Outside Officers,” and the Tokyo Stock Exchange has been duly notified of his
designation as an Outside Officer.

The Company nominated Takehiro Kamigama as an Outside Director in the belief that he will provide the Company’s
management with valuable advice and supervision based on his wide range of insights and his ample experience inmanagement and technology, through his experiences in various managerial positions, including as a representative
Takehiro Kamigama
director at a global company. He meets the requirements for independence stipulated by the Tokyo Stock Exchange
and the “Standards for Selecting Independent Outside Officers,” and the Tokyo Stock Exchange has been duly
notified of his designation as an Outside Officer.

Tomomi Yatsu
Outside Audit &Supervisory Board
Members

Masahiko Ikaga

46

Independent Outside Directors are expected to independently and

A Risk Management and Compliance Committee, comprising ten (10)Yamaha Motor Co., Ltd. ⎜ Annual Report 2017

The Company nominated Tomomi Yatsu as an Outside Audit & Supervisory Board Member in the belief that she will
utilize her significant expertise as an attorney and a certified public accountant, as well as her ample knowledge andexperience as an outside officer for a corporation in performing her duties as one of the Company’s Audit & Supervisory
Board Members (Outside). She meets the requirements for independence stipulated by the Tokyo Stock Exchange andthe “Standards for Selecting Independent Outside Officers,” and the Tokyo Stock Exchange has been duly notified of her
designation as an Outside Officer.
The Company nominated Masahiko Ikaga as an Outside Audit & Supervisory Board Member in the belief that he will
utilize his significant expertise as a certified public accountant, as well as his ample knowledge and experience as acompany executive and an outside officer for a corporation, in performing his duties as one of the Company’s Audit& Supervisory Board Members (Outside). He meets the requirements for independence stipulated by the Tokyo Stock
Exchange and the “Standards for Selecting Independent Outside Officers,” and the Tokyo Stock Exchange has been
duly notified of his designation as an Outside Officer.

Independent Outside Directors and Outside Audit & Supervisoryof operational activities at the Company and its subsidiaries. In addition,

consolidated performance. A stock compensation plan allows Directors

1. Employees or former employees of the company

certain amount (via the Director Shareholding Association) and to hold

2. Major shareholders

them during their term of office. This stock compensation plan is

3. Individuals in a “major customer” relationship with our corporate

intended to be linked to shareholder value. Directors’ bonuses aregroup
4. Individuals from companies that have accepted a director from
Yamaha Motor Groupcalculated, up to a maximum of 0.5% of consolidated net income, in
correlation with consolidated net income and return on assets for theprevious fiscal year, as well as taking into account factors including

5. Individuals with some other type of vested interest in the Groupdividends to shareholders and the level of consolidated performance

6. Individuals who might have a conflict of interest with our general

against the budget.

shareholders

Based on the policies outlined above, the Executive Personnel

7. In office more than 8 years

Committee deliberates on the level, structure and allocation of basic

Moreover, individuals who are second-degree relatives, or cohabiting

compensation, compensation linked to individual performance, and therelatives, of any of those mentioned above in 1 through 5 may not be

stock compensation plan for Directors and Executive Officers, as well as

officers.

Directors’ and Executive Officers’ bonuses. The process and results areproposed to the Board of Directors. The Board of Directors discusses

II. Individuals, despite being applicable to any of the 2 to 5 above, may
be elected as independent outside officers of the company if they, inthe proposals from the Executive Personnel Committee and makes
decisions.

view of their personality and insight, are believed suitable as
independent outside officers of the company on the condition that the

The Board Evaluationindividuals meet the requirements of an outside director as required

Pursuant to Yamaha Motor’s Corporate Governance Guidelines, theunder the Companies Act, and that a public disclosure is made to

Board of Directors analyzes and evaluates the effectiveness of roles andexplain the reasons for electing them as independent outside officers

responsibilities of the Board as a whole on a yearly basis. The analysisof the company.

and evaluation are carried out from the following perspectives and a

For the full text of the “Standards for Selecting Independentsummary of the results is appropriately disclosed.

Outside Officers,” please visit our website.
http://global.yamaha-motor.com/ir/governance/pdf/independent_en.pdf

Yamaha Motor Co., Ltd. ⎜ Annual Report 201747

(Evaluation perspectives)• Share the results of the evaluation of effectiveness and deliberate the

1. Roles and responsibilities of Directors and the Board of Directors

issues to be addressed at the Board of Directors’ meetings based on

2. Relationships between the Board of Directors and senior

the results of the analysis.

Composition of Directors
As of April 1, 2018

management (Executive Officers)
3. Organizational design and composition of the Board of Directors, etc.

(Evaluation results)

4. Qualifications held and knowledge of Directors and the Board of

It was confirmed that the Board of Directors continued to proactively
hold effective discussions and implement creative initiatives to realize

Directors
5. Deliberation at the meetings of the Board of Directors

the medium- to long-term enhancement of corporate value and6. Relationships and dialogue with shareholders

sustainable growth, and the effectiveness was sufficiently assured.

Directors

Field in charge

Corporate
Management/
Expertise

Manufacturing/Technology/
R&D

Sales/
MarketingAccounting/
Finance/
M&A/IT

Governance/Risk
Management/
Human Resources

GlobalExperience

In particular, it was highly evaluated that the Directors proactively

7. Dealing with stakeholders other than shareholders

commented about matters outside their responsibility to fulfill the roles(Evaluation process)and responsibilities of supervision among Directors and management,

The effectiveness of the Board of Directors was evaluated using theand the comments made by Outside Directors and Audit & Supervisory

following process with the Corporate Planning Division acting as theBoard Members were fully respected. It was also confirmed that key

secretariat.

issues regarding Yamaha Motor’s management strategy have been

• Survey all the members of the Board of Directors, including Outside

appropriately discussed.

Directors and Outside Audit & Supervisory Board Members by

We will continue to push ahead with improvement measures toquestionnaire, based on seven evaluation perspectives regarding theaddress the issues highlighted based on the evaluation. Meanwhile, foraims of the Board of Directors.

the purpose of further enhancing effectiveness, we will establish rules• Analyze the survey results and confirm the status of improvement,

Hiroyuki Yanagi

Yoshihiro Hidaka

Marine/Human
Resources

Katsuaki Watanabe

Motorcycle/
Advanced
Technology

Toshizumi Kato

Solution

Katsuhito Yamaji

Manufacturing/
Procurement

Makoto Shimamoto

VehicleDevelopment

Tatsumi Okawa(New)

Planning/
Financeon how a third party is to be involved in the evaluation process andcompared with the previous year’s evaluation.

implement the evaluation on a regular basis.

Remuneration for Directors and Audit & Supervisory Board Members
Remuneration for Directors and Audit & Supervisory Board Members for fiscal 2017 is as follows:(Millions of yen)Compensation linked to performanceBasiccompensation

Stockcompensation
plan

Total

Directors’
bonusesCompensation linked toeach Director’s individual
performance

326

335

32

54

749

Of which, Outside Directors (4)

(33)

—

—

—

(33)

Audit & Supervisory Board Members (5)

77

—

—

—

77

Of which, Audit & Supervisory Board
Members (Outside) (3)

(18)

—

—

—

(18)

404

335

32

54

827

Officer classification

Directors (15)

Total

Notes: 1. The annual amount of remuneration for Directors excluding Directors’ bonuses shall be ¥540 million or less (including ¥50 million or less for Outside Directors), and the annual amount of
remuneration for Audit & Supervisory Board Members shall be ¥90 million or less.
2. The above Directors’ bonuses in Compensation linked to performance are the amount scheduled to be paid.
3. The above figures include 2 Directors and 1 Audit & Supervisory Board Member who retired at the conclusion of the 82nd Ordinary General Meeting of Shareholders held on March 23, 2017.
4. In addition to the remuneration listed above, ¥85 million was paid as salaries to Directors who serve concurrently as employees.

48

Yamaha Motor Co., Ltd. ⎜ Annual Report 2017

Takuya Nakata
OutsideAtsushi Niimi
Outside

Genichi Tamatsuka
OutsideTakehiro Kamigama
Outside (New)Yamaha Motor Co., Ltd. ⎜ Annual Report 201749

Directors and Audit & Supervisory Board Members
As of April 1, 2018

Chairman and Representative Director

Hiroyuki Yanagi

April 1978:
Joined the Company
March 2009:
Senior Executive Officer, Chief General Manager of Manufacturing Center
November 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
January 2018: Chairman and Representative Director (to present)

President, Chief Executive Officer
and Representative Director

Executive Vice President
and Representative Director

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
January 2018: President, Chief Executive Officer and Representative Director(to present)

April 1982: Joined the Company
March 2011: Senior Executive Officer and Chief General Manager of
Manufacturing Center
April 2013: Senior Executive Officer, Executive General Manager of 1st
Business Unit, MC Business Operations and Chief General
Manager of Manufacturing Center
January 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)

Yoshihiro Hidaka

Director
Managing Executive Officer

Director
Senior Executive Officer

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)

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 of
Manufacturing Center (to present)

Toshizumi Kato

Director (Outside)

Director (Outside)

Director (Outside)

Director (Outside)

April 1981:

April 1971: Joined Toyota Motor Co., Ltd.
(currently Toyota Motor Corporation)
June 2000: Director of Toyota Motor Corporation
June 2003: Managing Officer of Toyota Motor Corporation
June 2004: Director of Toyota Motor Corporation
June 2005: Senior Managing Director of Toyota Motor
Corporation
June 2009: 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 JTEKTCorporation
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.
March 2017:
Outside Director (to present)
June 2017:
President and CEO of Hearts United Group Co., Ltd.
(to present)
September 2017: Outside Director of a dot co., ltd (to present)
October 2017: Outside Director of Raksul, Inc. (to present)

April 1981:

Standing Audit & Supervisory
Board Member

Standing Audit & Supervisory
Board Member

Audit & Supervisory Board
Member (Outside)

Audit & Supervisory Board
Member (Outside)

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

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 ofplanning, Audit & Supervisory Board
Member’s Office
March 2015:
Audit & Supervisory Board Member(to present)

April 1983:
October 1986:

October 1979:

Takuya Nakata

Katsuaki Watanabe

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)

50

Director
Senior Executive Officer

Director
Senior Executive Officer

April 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 and Chief General Manager of PF Model Unit (to present)

April 1986: Joined the Company
January 2015: Director and President of Yamaha Motor Corporation, U.S.A.
March 2018: Senior Executive Officer and Director, Chief General Manager
of Corporate Planning & Finance Center (to present)

Yamaha Motor Co., Ltd. ⎜ Annual Report 2017

Genichi Tamatsuka

Takehiro Kamigama
June 2002:
June 2003:
June 2004:
June 2006:
June 2016:
June 2017:
March 2018:

Joined Tokyo Denki Kagaku Kogyo K.K.
(currently TDK Corporation)
Corporate Officer of TDK Corporation
Senior Vice President of TDK Corporation
Director & Executive Vice President of TDK
Corporation
President & Representative Director of TDK
Corporation
Chairman & Representative Director of TDK
Corporation (to present)
Outside Director of OMRON Corporation(to present)
Outside Director (to present)

Katsuhito Yamaji

Hiroshi Ito

Makoto Shimamoto

Atsushi Niimi

Tatsumi Okawa

Kenji Hironaga

Tomomi Yatsu

Masahiko Ikaga

Joined Tokyo Electron Limited
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 EnterpriseJune 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. (to present)
June 2017:
Outside Auditor of IHI Corporation (to present)

Joined Tohmatsu Awoki & Co.
(currently Deloitte Touche Tohmatsu LLC)
Registered as a certified public accountant
Director of Tohmatsu Touche Ross Consulting Co., Ltd.
(currently ABeam Consulting Ltd.)May 1990:
Partner of Tohmatsu Awoki & Co.
April 1993:
Director of Tohmatsu Consulting Co., Ltd.
(currently Deloitte Tohmatsu Consulting LLC)
March 2000:
Representative Director and President ofTohmatsu 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 ofMorinaga Milk Industry Co., Ltd. (to present)
March 2017:
Outside Director (to present)
June 2017:
Outside Director of RYOBI LIMITED (to present)
March 1988:
May 1988:

MC: Motorcycle
PF: PlatformYamaha Motor Co., Ltd. ⎜ Annual Report 201751

Executive Officers

Yamaha Motor Group’s Initiatives to Address Social Issues

As of April 1, 2018

Executive Officers

Based on our corporate mission of being a Kando Creating Company,

President and Chief Executive Officer

Yoshihiro Hidaka

Executive Vice President

Katsuaki Watanabe

Managing Executive Officer

Toshizumi Kato

Senior Executive Officer

Katsuhito Yamaji

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Chief General Manager of Mobility

Chief General Manager of Corporate

Technology Center

Planning & Finance Center

Chairman of Yamaha Motor
Europe N.V.

Chief General Manager of Advanced
Technology Center, Senior General
Manager of New Venture Business
Development Section, Advanced
Technology Center, and Chief General
Manager of Solution Business
Operations

Makoto Shimamoto

Tatsumi Okawa

Yoichiro Kojima

Hiroaki Fujita

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Senior Executive Officer

Chief General Manager ofProcurement Center

Chief General Manager of Human
Resources & General Affairs Center

President of Yamaha Motor
Corporation, U.S.A.

Chief General Manager of Marine Business
Operations, and Executive General Manager ofMarine Business Unit, Marine Business Operations

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Chief General Manager ofPowertrain Unit

Chief General Manager of
Design Center

Deputy Chief General Manager ofPowertrain Unit, Chief General
Manager in charge of Automotive
Business, and Chief General
Manager in charge of NLV Business
Development

Chief General Manager of
Manufacturing Center

President of PT. Yamaha Indonesia
Motor Manufacturing

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Chief General Manager of
CS Center

Managing Director of Yamaha Motor
India Pvt. Ltd., and Managing
Director of Yamaha Motor India Sales
Pvt. Ltd.

President of Yamaha Motor
Europe N.V.

COO of PT. Yamaha Indonesia
Motor Manufacturing

Executive General Manager of Marine
Engine Business Unit, Marine Business
Operations

Masahiro Inoue

Yoshitaka Noda

Yasuo Tanaka

Junzo Saitoh

Akihiro Nagaya

Motofumi Shitara

Kazuhiro Kuwata

Heiji Maruyama

Eric de Seynes

the Yamaha Motor Group aims to contribute to sustainable social

December 2017, we registered as a participating company in the United

development through our business activities while carrying out thoseNations Global Compact, which sets 10 principles for voluntary action in

activities in harmony with society and the environment.

the areas of human rights, labor, the environment, and anti-corruption.

We are experiencing a time of major transformation. Two notable

Along with our environmental, social, and governance (ESG)

events that occurred in 2015 were the signing of the Paris Agreement

initiatives, we will focus on global social issues, and in particular thethat seeks to stop global warming, and a United Nations summit that

SDGs that are closely tied to our wide-ranging business activities, andadopted the 2030 Agenda for Sustainable Development, which includes

demonstrate our strengths to solve these issues. To this end, we are

Sustainable Development Goals (SDGs) that set common international

designating these as important issues for priority action (materiality).

objectives for sustainable development to be achieved by 2030.

Hirofumi Usui

Satohiko Matsuyama

Dyonisius Beti

Minoru Morimoto

Basic Policies of CSR

Toshihiro Nozue
The Yamaha Motor Group strives to contribute to the sustainable
development of society through our business activities based on ourCustomers

corporate philosophy and to always abide by the letter and spirit ofdomestic and international laws and regulations. We are dedicated to

Executive Officer

Executive Officer

Executive Officer

Executive Officer

Takeo Noda

earning the trust of the global community, and we place great value on

Deputy Chief General Manager of
Manufacturing Center, and Senior
General Manager of Engine
Manufacturing Section,
Manufacturing Center

Executive General Manager of Robotics Business Unit, Solution Business
Operations, Senior General Manager of Surface Mount Technology
Section, Robotics Business Unit, Solution Business Operations, andGeneral Manager of Quality Assurance Division, Robotics Business Unit,
Solution Business Operations

President of Yamaha Motor do Brasil
Ltda., and President of Yamaha
Motor da Amazonia Ltda.

Deputy Chief General Manager ofCorporate Planning & FinanceCentercommunicating with all stakeholders.

Satoshi Hirose

As part of our effort to address these important social issues, inHiroyuki Ota

Itaru Otani

We expect all of our business partners to share our principles andShareholders and Investors

Employees

to act in accordance.
Business Partners

Executive Officer

Executive Officer

Executive Officer

Executive General Manager of BoatBusiness Unit, Marine Business
Operations

Chief General Manager of PF Model
Unit and Senior General Manager of
PF Model Development Section, PF
Model Unit

Chief General Manager of Motorcycle
Business Operations, and General
Manager of New Value Business
Development Division, Motorcycle
Business Operations

Toshiaki Ibata

52

Toyoshi Nishida

Yamaha Motor Co., Ltd. ⎜ Annual Report 2017

Takuya Kinoshita
The Community

NLV: New Land Vehicle
CS: Customer Service
PF: Platform

The Environment

Yamaha Motor Co., Ltd. ⎜ Annual Report 201753