Yamaha Motor Co., Ltd. - Notice Regarding Stock Repurchase and Cancellation of Treasury Stock
February 15, 2024 at 06:02 am EST
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IWATA - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that, at the meeting of the Board of Directors held today, the following items related to the repurchase of its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan, and the cancellation of a part of its treasury stock in accordance with Article 178 of the Companies Act were resolved.
Status of treasury shares held as of December 31, 2023: Total number of outstanding shares, excluding treasury shares: 991,643,778 shares
Number of treasury shares : 59,008,623 shares
Effective January 1, 2024, the Company conducted a 3-for-1 stock split of shares of common stock, and the number of shares shown above is the number of shares after taking such stock split into consideration.
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).
YAMAHA MOTOR CO., LTD. 
