CSRSECTION

Basic Policies of CSR
The Yamaha Motor Group strives to contribute to the sustainable development of society
through our business activities based on our corporate philosophy and to always abide by
the letter and spirit of domestic and international laws and regulations. We are dedicated toearning the trust of the global community, and we place great value on communicating withall stakeholders. We expect all of our business partners to share our principles and to act inaccordance.
Customers

Customers

42

Employees

44

Shareholders and Investors

46

Business Partners

47

The Community

48

The Environment50

We offer new excitement and a more fulfilling life for people all over the world through high-quality products
and services that combine safety and innovation.
We provide practical, helpful information about products and services to customers.
We make every effort to protect the personal information of our customers and others involved in ourbusiness.

Shareholders and Investors
We aim to deliver stable, long-term growth to enhance corporate value.
We disclose appropriate corporate operational results and financial status in a timely manner.

Employees
We provide equal employment opportunities to build a diverse and discrimination-free workforce.
We provide fair working conditions while maintaining and improving a safe and healthy working environment.
We maintain respect for human rights and never tolerate child labor or forced labor in any form.
We work toward building success for both our employees and the Company through honest communicationand dialogue founded on mutual trust.

Business Partners
We respect our suppliers, dealers, and other business partners and aim to build mutual long-term growth
founded on mutual trust.
We maintain an open door to new business partners around the world and choose companies based oncomprehensive value, regardless of nationality or size.
We respect the competition laws of each nation and region and maintain fair business practices.

The Community
We honor the culture and customs of every country and community, and we strive as a corporate citizen toact in balance with society.
We work to contribute to the development of sound communities by providing means of mobility, creating
employment opportunities, and fulfilling our tax obligations.
We promote social action programs including personal mental and physical development, environmental
preservation and safety activities, as well as supporting private initiatives undertaken by employees.
We maintain honest and fair relationships with government agencies and public authorities.

The Environment
We develop environmental technologies to create products that balance economic needs with environmental
well-being.
We aim to minimize the environmental impacts of our operations and make efficient use of limited natural
resources.
We form wide-ranging partnerships with communities around the world to perform environmental
conservation activities.

40

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Yamaha Motor Co., Ltd. ⎜ Annual Report 201541

Customers

Aiming to be an engineering, manufacturing and marketing enterprisethat gives customers a sense of Kando*

Some of the products and technologies that provide a new sense of

Riding Safety Promotion Activities

excitement are introduced on our corporate website.
Customer safety is our first priority, and in addition to enhancing productYamaha’s product quality and Monozukuri (engineering, manufacturing and marketing) are based on ongoing, close
relationships with our customers. Going forward, we believe we must continue to strive to enhance this product quality by

Customer Service

quality, we continue to put our maximum effort into activities which explain
to customers in an appropriate manner how to use our products correctly.

taking a customer-oriented approach. To do this, all divisions are striving to raise the quality of the work they perform. The

The Yamaha Motor Group views opinions and requests from customers

Yamaha Motor Group places its highest priority on customer safety. In addition to product quality, we give our maximum effort

as expressions of their expectations for our products and services, so

attractiveness of our products, and extends to a variety of other methods

to teach customers, in an appropriate way, how to use our products properly, to ensure that customers are not injured and do

we carefully respond to each opinion and request we receive, in the

including product manuals that explain how to use a product correctly,

belief that raising the level of customer satisfaction will lead to trust. We

and riding schools that let customers understand first-hand how to use

are continuously working to strengthen our services to learn how

our products.

not have accidents while using our products. Our relationship with customers is one of the core components of our CSR
policy, and the following are some of our ongoing initiatives related to customers.

This starts with catalogs and brochures that convey thecustomers view and use our products, so that we can use this insight to* 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.

improve product quality and create new products for the future.

Working to Improve Quality

Offering New Excitement

Yamaha Motor aims to further enhance product quality on a Groupwide

Yamaha Motor aims to be a “Kando Creating Company” through products

basis, to constantly provide peace of mind, confidence and a sense ofand services that are in harmony with society and the environment, andTeaching safe riding in Brazil

excitement to customers. We strive to achieve the best quality possible,that provide customers around the world with joy and unexpected

In October 2015 we held the YRA Offroad Special Training for Police, where police officers

by creating suitable standards of safety and reliability to realize high-exhilaration of the kind that enriches their lives with new fulfillment.

and firefighters in Brazil were taught how to ride motorcycles safely, correctly, and effectively.

quality products and services effectively, taking a customer-oriented

TOPICSTo achieve this, we want to continue to be an excellent engineering,With YMC Trainers and local trainers from our affiliate in Brazil, Yamaha Motor do

approach that emphasizes a deep sense of emotion in accordance with

manufacturing and marketing enterprise with a prominent presence inBrasil Ltda. (YMDB), as instructors, 40 police officers and firefighters worked on developing

the spirit of the Yamaha Brand Charter.

the global market. Product creation is a process that begins with

their off-road riding skills.

customers. Our mission is to create products that are attractive, reliable,

Road surfaces and pavements in Brazil are often in poor condition, and there are

and cost competitive, to maximize and optimize the value we provide

many off-road situations in which motorcycles are suited for police and firefighting

our customers in ways that exceed their expectations.

operations, creating a need for skills in fast, safe riding. The course consisted of the basic
YRA program plus additional curricula in line with local requirements as determined by theTransforming Agriculture from the Air—Industrial-use unmanned helicopters
http://global.yamaha-motor.com/about/brand/

local police and YMDB.
By teaching safe riding utilizing the special features of Yamaha products, we wereable to contribute to the smooth operation of public activities.
Find out about more details at:
http://global.yamaha-motor.com/about/csr/customers/riding-safety-promotion/brazil/

This video is available at the above
website.

42

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Yamaha Motor Co., Ltd. ⎜ Annual Report 201543

Employees

for management positions, with the aim of having 60% of these

Creating an organization to facilitate co-ownership of value from a global perspective

Workplaces Thriving on Diversity

The Yamaha Motor Group strives to create workplaces that respect diversity, with the aim of achieving an organizational

To maintain continuous growth, we believe it is important that ourhuman resource training at our headquarters to create an organization

structure based on sharing ideas and the same high ambitions and spirit, cooperation and joy in our work among the Company

workforce incorporates diverse viewpoints and values, reflectingthat maximizes management capabilities that are mutuallyand its employees from a global perspective.

different experiences, skills, and attributes. We have therefore

complimentary with the experiences and skills of local staff.

positions filled by local managers by 2018. We are also continuing

In addition, to promote the participation of women, we haveestablished a Global Human Resources Development Division at our

Nurturing Personnel and Supporting Their Careers

Workplace Safety and HealthAs our business becomes increasingly global in scale, we need to step

Creating a workplace environment that offers peace of mind

up our efforts in areas including corporate governance and humanand comfort

resource development. In terms of human resource development in

Led by its Central Safety and Health Committee, Yamaha Motor isparticular, we are enhancing our global development programs with thepromoting the establishment of safer working environments globally.

aim of hiring local persons for 60% of senior management positions at

Risk assessment is performed in accordance with the Occupationaloverseas locations by 2018.

Safety and Health Management System (OSHMS) to detect potential
dangers or harmful conditions at workplaces, and measures are taken

Supporting Work–Life Balance

to prevent occupational accidents. Through job-specific education andtraining, such as safety manager training programs and skill

headquarters to develop and implement common management

announced and are pursuing a goal of doubling the number of female

development programs around the world, and introduced global humanmanagers from the 2014 level by 2020, and having three times theresource systems to train and hire talented staff. We are also working to2014 level by 2025. By hiring non-Japanese managers, and increasingbuild an organization that utilizes global experience and knowledge.

the number of non-Japanese employees and female managers, we are

As we promote global management, we are hiring superior

striving to bring further diversity to our workforce and increase people’s

management personnel regardless of their nationality or place of birth.

choices for how they work.

At overseas subsidiaries in particular, we are proactively hiring local staff

TOPICS
New company to promote hiring of people with disabilities

Aiming for a workplace environment that fosters autonomous

improvement programs for supervisors, as well as holding occupational

creativity

safety and health meetings, we are focused on developing human

Yamaha Motor established a new company, Yamaha Motor MIRAI Co., Ltd., on October 1, 2015, to provide a place where people with disabilities

The Yamaha Motor Group defines its relationship with employees as aresources that can support occupational safety.

can participate actively in accordance with their capabilities, and to promote their social independence.

business partnership, and the Company’s role as providing an attractive
workplace for autonomous individuals. We aim to create workplaces thatmaintain a diversity of working styles and a positive work–life balanceby supporting career advancement plans based on mutual assumptions,

To date, Yamaha has arranged its work environment to employ persons with disabilities in a variety of occupations based on the concept ofenabling persons with and without disabilities to work side by side.
The new company will strive to promote hiring and ensure a workplace where people with intellectual or various other disabilities can express
their individual potential, while also developing each employee’s abilities and supporting their social independence.

providing programs for child and nursing care leave, among other44

efforts. We are also expanding the options for employees so that they

Find out about more details at:

can work in ways that suit their individual circumstances.

http://global.yamaha-motor.com/news/2015/0701/mirai.html

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Yamaha Motor Co., Ltd. ⎜ Annual Report 201545

Shareholders
and Investors

Business
Partners

In order to ensure accountability by providing shareholders and investors
with appropriate, accurate and timely information, Yamaha Motor has
established a specialized division which engages in IR activities inside

Information for shareholders and investors isavailable on the websites below

as well as outside Japan.
In addition to quarterly earnings briefings and the annual
shareholders’ meeting, the division visited and held meetings withoverseas investors, provided information via the IR website, andoperated a website to provide information to individual investors. To
even more proactively disseminate information, the division held abusiness briefing for analysts and journalists, and made a video of theDisclosure Policy
http://global.yamaha-motor.com/ir/policy/
Dividend Policy
http://global.yamaha-motor.com/ir/shareholder/dividend/

A Global Procurement and Sales Network basedvalue-based production” at suppliers inside and outside Japan as an

on a Spirit of Cooperation and Fairness

initiative to strengthen our cost competitiveness in concert with them. In
addition, we are promoting fair and clean procurement activities globally

Yamaha Motor products are created through collaboration withthrough training programs covering our Green Procurement Guidelines

numerous suppliers in Japan and other countries. As our procurement(detailing how to reduce our environmental impact and ensure theand sales structures expand with our increasingly global business, theefficient use of resources and energy) and CSR Guidelines for Suppliers

Yamaha Motor Group is establishing cooperative relationships with(which cover areas related to safety, quality and compliance).

suppliers and dealers in Japan and around the world based on a spirit

For Investors (index page)of mutual trust and mutual benefit. For this reason, we strive to conduct

http://global.yamaha-motor.com/ir/

fair business in compliance with the competition laws of all countries

Activities at Dealerships

briefing publicly available on the Company’s website to enable all

and regions while working to create partnerships that aim for mutual,

As our contact point with customers around the world, dealerships

shareholders and investors better understand Yamaha Motor’s businesssustainable growth.

play an important role in conveying Yamaha’s “next Kando.” Bystrengthening relationships with dealers through regularly held dealer

strategy.

Activities in Supply Chains

meetings and activities to promote safe driving and support local
communities, the Yamaha Motor Group is building a sales network

New Medium-Term Management Plan (2016-2018)
http://global.yamaha-motor.com/ir/mtp/

The Yamaha Motor Group regards its relationship with the supply chain

PDF presentation of new Medium-Term Management Plan

not just as conducting procurement, but as procurement that

In Japan, dealers mainly in Yamaha Sports Plaza (YSP), an official

emphasizes the incorporation of both cost and quality into its

Yamaha sports bike dealer system, and Yamaha Motorcycle Sales Japan

plan-e.pdf

engineering, manufacturing and marketing. An example of theseCo., Ltd. play an important role in building ties with local communities

Video presentation of New Medium-Term Management Plan

activities is the implementation of “theoretical-value-based production”

and society by cooperating in a range of measures including motorcycle

https://www.youtube.com/watch?v=phfFnf-0yC0&feature=youtu.bewith suppliers. This does not simply mean demanding cost reductions,infrastructure development, motorcycle etiquette training, motorcycle

but instead involves analyzing the absolute value of engineering,

recycling, tree planting, and other environmental campaigns, as well as

manufacturing and marketing together with suppliers and then working

fundraising for seeing-eye dog training.

http://global.yamaha-motor.com/ir/report/pdf/mmp/2016medium-

IR websitethat provides common value.

together to find more ways to improve cost competitiveness. We havetrained some of our employees to serve as “theoretical-value
instructors” in order to promote the implementation of “theoretical-

46

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

47

The
Community

Environmental Conservation

Improving Traffic Safety

Beach cleanup campaign

Holding Yamaha Riding Academies around the world

Beach cleanup activities aim to preserve beach environments, which

To reduce the number of traffic accidents involving motorcycles, thepromote coastal fishing and marine sports. Group companies are

Yamaha Motor Group holds a variety of safe riding programs aroundcontinuously engaged in these activities around the world.

the world.

In Vietnam, 300 employees participated in YMVN’s* beach cleanup
campaign in June 2015.
At beaches close to our headquarters in Japan, 2015 marked the

In Colombia, Incolmotos*1 holds YFRT*2 programs to teach thebasics of traffic rules, safe riding and the importance of hazard
anticipation, and through 2015, more than 350 female riders had

25th year since the commencement of our baby turtle observation tour

participated.

and beach cleanup campaign. Roughly 500 people participated in this*1 Incolmotos: Industria Colombiana de Motocicletas Yamaha S.A.
*2 YFRT: Yamaha Female Riding Academy

joint event with Yamaha Corporation to strengthen the bond of ourcommon brand.
The Yamaha Motor Group operates in locations around the world, anddaily communication with stakeholders in those communities.

our business activities help support those local communities. Our*YMVN: Yamaha Motor Vietnam Co., Ltd.

The Yamaha Motor Group carries out activities to fulfill its corporate

products also play a role in enriching the lives of people around thesocial responsibility in four main areas: developing future leaders,world. We recognize the importance of maintaining a sustainable

environmental conservation, improving traffic safety, and community

relationship through which the Company and local communities canissues. The following are some highlights of our social contribution

coexist and mutually prosper, and to achieve this, we place great

activities in 2015.

importance on maintaining and enhancing a relationship of trust throughFind out about our other activities at:
http://global.yamaha-motor.com/about/csr/communities/activities/safe-

Important Areas of Activities Contributing to Society
Global Issues
Key Themes

Developing Future Leaders

Activities• Promoting mental/emotional andphysical health through sports• Promoting creativity throughengineering, manufacturing, andmarketing

Beach cleanup campaign in Vietnam

driving-diffusion/

Local Issues

Environmental Conservation

Improving Traffic Safety• Environmental education for local
communities• Respecting biodiversity• Providing traffic safety education
to the community• Raising awarenessCommunity Issues

Community Issues• Supporting the community with
Yamaha Motor’s products, humanresources, and know-how

YMUS,* a Feed The Children corporate partner
In the United States, YMUS has been a corporate partner of the U.S.
nonprofit Feed The Children since 1994, and has been making donations
to assist children living in poverty. In 2015, YMUS held a ceremony toDeveloping Future Leaders

Turtle observation tour and beach cleanup campaign

present a donation of foodstuffs and other goods.
*YMUS:Yamaha Motor Corporation, U.S.A.

Accepting interns in Japan
Through various corporate activities, the Yamaha Group is engaged in

Find out about our other activities at:activities to develop future leaders in countries and regions around

http://global.yamaha-motor.com/about/csr/communities/activities/

the world.

environment/index.html

At the headquarters of Yamaha Motor, we have been accepting
roughly 10 students annually, for more than 20 years, from nearby
medical schools as interns studying industrial hygiene.
Also, in Japan, YEC* is in its 10th year of providing internships tostudents who want to become engineers, and has a total of 32 interns asof 2015.
*YEC：YAMAHA MOTOR ENGINEERING CO., LTD.

48

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Find out about our other activities at:
http://global.yamaha-motor.com/about/csr/communities/activities/human-resource/

Find out about our other activities at:
http://global.yamaha-motor.com/about/csr/communities/activities/localsociety-task/

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

49

The
Environment

Strive to harmonize with the environment for sustainable social development

Organizational Structures for Promoting

The Yamaha Motor Group aims to be a company that fulfills its corporate social responsibility by striving to maintain harmony

Environmental Managementwith the environment and society based on Yamaha Motor Group Environmental Plan 2020, formulated in 2010.

The Yamaha Motor Group Organizational Structure forEnvironmental Planning and Promotion
Board of Directors

The Yamaha Motor Group has established an Environment Committee,

President

chaired by the Executive Vice President, as the central organization

Plan for Environmental Activities

Environment Committee

responsible for the Group’s environmental activities in Japan and overseas.
The committee deliberates on policies and visions for the future

Yamaha Motor Group Environmental Plan 2020
Action Areas

Priority Actions

Yamaha Motor Function Section

concerning environmental initiatives, medium- and long-term
2020 Targets

Secretariat for Group EMS

environmental policies, strategic investment proposals relating to
Secretariat for Eco-life

environmental preservation, environmental monitoring topics and
Eco Products

Eco Operations

Eco Management

Eco Mind

Raise environmental attractivenessthrough product development fromthe perspectives of the environmentand customers

Environmental preservation throughglobal business activities that aim tominimize environmental impact

Environmental management throughreinforcement of Group environmental
governance systems

Environmental contributions throughdiverse initiatives that seek to createa sustainable environment

In the Eco Products area, implement the Frontier 2020 Groupwide long-term vision• Reduce risks from environmentally hazardous substances• Implement green procurement

Identify environmentally hazardous substancesand support the use of alternatives

Reduce emissions of greenhouse gases

Reduce CO2 emissions per unit of sales
by 1% (annual average)• Implement the 3 R’s through the 3 E’s• Reduce water consumption(3 E’s: Easy to make, Easy to repair, Easy to disassemble)(3 R’s: Reduce, Reuse, Recycle)

Support the effective use and recyclingof limited resources

responses to issues, and other key issues relating to environmental

Consolidated Subsidiaries

management. The policies and activities discussed are reported to theBoard of Directors.

Activities to Identify and Reduce Both Direct andJapan

Companies

Working group on reduction of CO2
from R&D activities

North America

Companies

EuropeCompanies

Oceania

Companies

Asia

Companies

Central & South America

Companies

China

Companies

Working group on reduction of CO2
from inter-factory logistics operations

Indirect Greenhouse Gas Emissions

Working group on energy saving

The Yamaha Motor Group endeavors to identify greenhouse gas emissions

Create and operate Groupwide environmental
management systems

Link Groupwide operations with local activities

Change attitudes through continuous
environmental education

Have all Group employees actively undertake environmental
measures with a high awareness of targets• Improve sensory environments (odors, noise, etc.)• Communicate with local communities• Preserve ecosystems

Be trusted and respected as a corporate citizen
by local communities

Working group on waste reduction

resulting both directly (e.g., from the burning of fuel at factories) andWorking group on reduction of paintVOCsindirectly (e.g., from electricity use at factories and offices) from its

Proactively disclose information froman environmental perspective

Working group on reduction of CO2
from product logistics

corporate activities in each location in which it operates, and to reduce
those amounts. We will also work to more precisely measure direct andindirect emissions in each location, and to further reduce emissions at all
factories and offices.

Well received by the community as anenvironmentally advanced company

Central & South America

China

China
Central & South America 7%

2% 5%

1%

Direct emissions

149 thousand

t-CO2

Amount of CO2
emissions by region

Indirect emissions

408 thousand

Directemissions

Japan

35%
Asia

23%

(Electricity consumed
on an equivalent basis)Amount of CO2
emissions by region

43%

Japan

Indirect
emissionst-CO2
North America
Oceania Europe 10%

North America
Asia

11%

57%

Europe1%

Oceania

0%

1% 4%

50

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

51

The Environment

Yamaha Motor Group CO2 Emissions

CO2 Emissions at the Yamaha Motor GroupAs a manufacturer of motorcycles and other transportation machinery, theCO2 emissions(1,000t-CO2) 123%

Yamaha Motor Group considers the reduction of greenhouse gas emissions to be

1,000

Per unit of sales(Indexed to 2014 = 100)
(%)

100%

the most critical environmental issue facing the world today.

90%

800

We are targeting an annual 1% reduction in CO2 emissions per unit of

619

600

sales as a common goal for the entire Group, and are working to reduce

584

120

New NMAX features style of MAX series in BLUE CORE engine-equipped

100

125cc global prestige city commuter

80

Yamaha Motor launched the new NMAX, with a water-cooled 4-stroke SOHC, 4-valve 124 cm3 fuel injection BLUE CORE engine in a body557
60

emissions in all of our business activities including product development and400

manufacturing.

200

We began working to reduce global utility costs in 2013, with the aim of0

establishing both economic and environmental considerations (CO2 reductions).
We are also increasing the efficiency of the overall Group by providing the

2013

2014

CO2 emissions

2015

that carries on the MAX series DNA, in March 2016.
The NMAX expresses a “global prestige city commuter” concept, in a40

two-wheel moped (125cc) with the superior style and handling of the MAX

20

series, which also includes the popular TMAX line in Europe and Japan and the0

XMAX line in Europe.

Per unit of sales (Indexed to 2014 = 100)energy-saving technologies developed in Japan to Group companies in Japan

This is the first model for Japan featuring the BLUE CORE* engine, which
achieves new dimensions in the joy of riding, fuel efficiency and environmental
performance. ABS is also included as a standard feature.

and overseas.
CO2 emissions:

TOPICS* Yamaha Motor introduced the BLUE CORE engine in 2014, as an engine design concept that achieves new
dimensions in terms of the joy of riding, fuel efficiency and environmental performance. This concept focuses on thethree aspects of increasing combustion efficiency, increasing cooling efficiency, and reducing power loss. The engine
for the NMAX125 was developed based on the BLUE CORE concept.

557

thousand t-CO2

Energy Input at the Yamaha Motor Group
Kerosene
0.1% Light oil 1.0%
Gasoline
Heavy oil A 1.1%
2.1%
LPG 4.9%

We are systematically implementing various measures to reduce the amount ofenergy used, including the introduction of equipment that makes it possible toanalyze and reduce electricity consumption, and the installation of energy-saving

Natural gas

equipment at factories and LED lighting in offices.
Total energy input:

10.51 million

13.6%
GJ (electricity: 7.58 million GJ)

Electricity
consumed

City gas 13A

5.1%

Taiwan, India and South America, and as of the end of 2015, unified certification had been obtained by 33 companies (87%). We will
The Yamaha Motor Group has also introduced an in-house environmental management certification system for companies that havecompanies in particular, we have introduced customized audits using

We will continue to strive to measure our global use of water resources, andreduce our water resource consumption through programs including the reuse of
coolant water and water collection (rainwater and other sources) at factories.

m3

third-party institutions to develop activities that emphasize effectiveness(Millions m3)
7.5

6.76

6.0
4.5

and efficiency.
0.36
0.68
0.31

6.18 0.10
0.62
0.67

2.71

5.60 0.11
0.85
0.39

2.35

2.25

3.0
1.5
0

2.67
2013

2.43
2014

Underground waterIndustrial water
Collected water
Other fresh water

Yamaha Motor Co., Ltd. ⎜ Annual Report 2015

efficient environmental management operations, at locations in Japan and overseas since April 2012.

a relatively smaller environmental impact, as part of our global environmental management system (EMS) activities. For overseas GroupWe strive to use limited water resources effectively, including through recycling.

52

global environmental ISO 14001 unified certification, which strengthens the Group’s environmental governance framework and achieves

continue to pursue 100% unified certification in 2016 and beyond.

Measuring and Reducing Water Resources

5.60 million“Eco management” is one of the action areas in Yamaha Motor Group Environmental Plan 2020, and based on this the Group has pursued

This program covers main manufacturing centers representing 38 companies in Japan, Europe, the United States, ASEAN, China,

72.1%

Water resources used:

Additional global environmental ISO 14001 unified certification

1.98

Through these activities, information is shared across the Group,
and in addition to identifying environmental risks and EMS management
issues at individual group companies, this has achieved significant
progress regarding Groupwide environmental governance. In terms ofefficiency, unified certification has also led to significant cost
reductions.

Briefing on introduction of environmental ISO 14001 unified certification at YPMV** YPMV: Yamaha Motor Parts Manufacturing Vietnam Co., Ltd.

2015

Tap water

Yamaha Motor Co., Ltd. ⎜ Annual Report 201553