Yamaha Motor Co., Ltd. announces an Equity Buyback for 19,000,000 shares, representing 1.92% for ¥20,000 million.
February 14, 2024 at 01:00 am EST
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Yamaha Motor Co., Ltd. (TSE:7272) announces a share repurchase program. Under the program, the company will repurchase up to 19,000,000 shares, representing 1.92% of its issued share capital (excluding treasury stock), for ¥20,000 million. The purpose of the program is to return profits to shareholders and improve capital efficiency.
The program will run until July 31, 2024. As of December 31, 2023, the company had 991,643,778 shares in issue (excluding treasury stock) and 59,008,623 shares in treasury.
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. 
