Cal Crutchlow Joins Yamaha as Official MotoGP Test Rider

News   •   Nov 16, 2020 02:20 UTC

November 16, 2020—Yamaha Motor Co., Ltd. and Yamaha Motor Racing are delighted to welcome Cal Crutchlow back to the Yamaha family. The popular MotoGP star will join the Yamaha Factory Racing Test Team programme taking on the role of Official MotoGP Test Rider for the 2021 season.

Yamaha Motor Co., Ltd. and Yamaha Motor Racing are delighted to announce that experienced and successful MotoGP-rider Cal Crutchlow will be reinforcing the Yamaha Factory Racing Test Team for the 2021 season.

Starting from the MotoGP shakedown test, scheduled in Sepang, Malaysia from 14th – 16th February, Crutchlow will ride the YZR-M1. He will also take part in Official IRTA Tests and other private Yamaha tests, with the aim to help Yamaha‘s engineers with the MotoGP development programme. Crutchlow‘s 10 years of experience in MotoGP, riding for three different manufacturers, make him the ideal rider for the job.

A Wild Card appearance is possible if deemed beneficial to the testing programme, and Crutchlow has also confirmed his availability for selection as replacement rider in the unfortunate case where one of Yamaha‘s MotoGP riders might be forced to miss a Grand Prix through illness or injury.

Crutchlow and Yamaha go a long way back. The Briton famously won the 2009 World Supersport Championship (WorldSSP) with Yamaha. He then moved up to the World Superbike Championship (WorldSBK) the following year and scored ten podiums, including three wins, to finish fifth in the overall standings. This success opened up an opportunity to make his MotoGP debut in 2011 with Yamaha‘s satellite team at the time, Monster Energy Yamaha Tech3, where he gained experience for the first three years of his now ten-year-long MotoGP career.

Yamaha Motor Co., Ltd. and Yamaha Motor Racing wish to sincerely thank 2020 Yamaha Factory Racing Test Rider Jorge Lorenzo for his availability, support, and understanding during this Covid-19 impeded year. Though external circumstances held this partnership back from realising their mutual objectives for 2020, the respect between the two parties remains unchanged. Yamaha wishes Jorge all the best in his future endeavours.

 

Lin Jarvis - Managing Director, Yamaha Motor Racing

“Well, first and foremost I would like to say 'welcome back' to Cal.
I still remember Cal‘s first visit to YMR many years ago as fresh World Supersport Champion and recall he expressed his desire to move onwards and upwards to MotoGP in the future. After the initial move to Superbikes, he then spent three seasons with us in the Monster Energy Yamaha Tech3 team before moving on to gain a further seven years of experience with two of our main competitors. This wealth of experience, coupled with Cal‘s honest no-nonsense approach, will surely benefit us greatly as we strive to improve our YZR-M1 bikes with a full testing programme next year.
Of course, we had planned and hoped for a strong programme this year with Jorge. Unfortunately, our Factory Test Team soon had to put their plans on hold as the Covid-19 pandemic started and continued to influence 2020 from March onwards. It‘s regrettable that we have not been able to carry out our testing programme and realize our goals. We wish Jorge all the best in his future endeavours, and we thank him for his many years of collaboration with Yamaha.”

 

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Announcement of Personnel Changes

Press releases   •   Nov 13, 2020 02:00 UTC

IWATA, November 13, 2020 - Yamaha Motor Co., Ltd. announces the following personnel changes, effective November 15, 2020

 

Personnel Changes in Group Companies

(Name) (New position) (Current position)
KOBAYASHI,
Osamu
President of Yamaha Motor do Brasil
Ltda.,
and President of Yamaha Motor da
Amazonia Ltda.
General Director of LLC Yamaha Motor CIS
SHIMOISHI,
Kyoko
General Director of LLC Yamaha Motor CIS Manager of Clean Water Project Group,
Business Promotion Division,
Overseas Market Development Operation Business Unit
TASHIRO,
Tetsuya
President of PT. Yamaha Motor Parts
Manufacturing Indonesia,
and President of PT. Toyo Besq Precision Parts Indonesia
President of PT. Toyo Besq Precision Parts Indonesia

 

Main businesses of the group companies referenced above;

・Yamaha Motor do Brasil Ltda.: Import and sales of motorcycles, outboard motors, all-terrain vehicles, generators and other products in Brazil

・Yamaha Motor da Amazonia Ltda.: Manufacture and sales of motorcycles and outboard motors in Brazil

・LLC Yamaha Motor CIS: Import and sales of motorcycles, outboard motors, all-terrain vehicles, snowmobiles and parts in Russia

・PT. Yamaha Motor Parts Manufacturing Indonesia: Manufacture of motorcycle parts in Indonesia

・PT. Toyo Besq Precision Parts Indonesia: Manufacture of motorcycle parts in Indonesia

 

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YMVSV Leads Series A Funding Round for Canvass Analytics Inc.

Press releases   •   Nov 11, 2020 02:00 UTC

IWATA, November 11, 2020 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced that its wholly-owned subsidiary based in Silicon Valley in the United States, Yamaha Motor Ventures & Laboratory Silicon Valley Inc. (YMVSV), led the funding round for Canvass Analytics Inc. (Canvass) founded in 2016, headquartered in Toronto, Canada.

Summary of YMVSV Official Release

YMVSV aims to conduct theme research and training for new business development, the promotion of commercialization and the development of new business models. The company announced that it led the $6.5 million in Series A funding for Canvass via the Yamaha Motor Exploratory Fund, a $100 million investment fund with a 10-year lifecycle.

Canvass’s vision is to transform manufacturing by empowering the workforce of the future,
providing a no-code platform that puts the benefits of AI in the hands of operators by simplifying the process of building, training and scaling applied industrial AI in their day-to-day operations.

As with this round of funding, YMVSV will continue its work to invest in exciting early-stage venture companies worldwide.

■Humera Malik, Canvass Founder and CEO (https://www.canvass.io/)
“By putting AI in the hands of industrial engineers, Canvass is transforming plant operations from being reactive to predictive, which is critical for the future of sustainable and profitable
operations. This latest round of funding, led by our new investor Yamaha Motor Ventures, fuels our ambition to be the number one player in AI for industrial operations.”

■ Anish Patel, YMVSV Partner and Mobility Investment Lead
“Yamaha Motor Ventures has a passion for identifying advanced technologies that are backed by ambitious teams. Canvass ticks both of these boxes as they seek to help manufacturers overcome decades-long operational challenges with the power of AI. The addition of Canvass to our portfolio underpins our vision to create the future of industries. We look forward to working with the Canvass team to scale their technology and bring value to additional sectors
and markets.”

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Yamaha Motor Introduces New Personnel Systems Promoting Diverse Working Styles - Three new systems promoting “My Work Style, Yamaha’s Work Style” starting in 2021 -

Press releases   •   Nov 10, 2020 02:00 UTC

IWATA, November 11, 2020 - Yamaha Motor Co., Ltd. announced today that it will introduce three new personnel systems in January 2021 as part of its initiatives to promote work-life balance: 1) A work-at-home system as a special measure for living with COVID-19; 2) a special “life support leave” system for taking leave from work on an hourly basis for injury and illness treatments, long-term care, childcare and fertility treatments; and 3) a system for shorter working hours to help create a better balance between work and medical treatments.

 

■ Overall Concept

The Company’s corporate mission is “Offering new excitement and a more fulfilling life for people all over the world.” As part of achieving this mission, these new personnel systems are based on the concept of “My Work Style, Yamaha’s Work Style,” and offers each employee options for choosing a working style that fits them best, therefore helping them continue to take on challenges with passion and energy.
In recent years, the need for a diverse approach has grown and in addition to providing support that provides peace of mind with the current paid leave system, Yamaha Motor will create an environment where employees can work while being better able to respond to life events as well.

 

1) New work-at-home system as a special measure for living with COVID-19

Toward establishing work styles for the “new normal,” in order to promote diversification of working styles as well as enable every employee to independently maximize their performance, we have reviewed the provisional work-at-home system and will institutionalize it as a new company work scheme.

• Provision of a telecommuting allowance to subsidize the communication and utility costs incurred from working at home due to COVID-19.

• Promoting upgrades to the IT environment for product development work, where working remotely is innately more difficult.

 

2) New support system for leave on an hourly basis for injury and illness treatments, long-term care, childcare, and fertility treatment

To address the needs presented by various work styles, such as short-term/long-term illness treatments, nursing care, and gradual returns to work from extended leave, we have newly established a “life support leave” system for taking leave on an hourly basis to support employees as they continue working and taking on challenges.

• Employees can take leave for injury and illness treatments, family care, childcare and fertility treatments by the hour, half-day or full day.

• The number of days granted for life support leave is three days a year, and the maximum number of days that can be taken annually is six.

 

3) New system for shorter working hours to help create a better balance between work and medical treatments

We have established a new system of shorter working hours to support employees with the motivation and ability to continue working while injured or receiving medical treatment, creating an environment where they can choose a flexible working style that best balances their treatments with their jobs.

• Shorter working hours (6 hours or 7 hours) for those returning to work after extended leave due to injury or illness caused by cancer, cerebrovascular disease, mental illness, etc.

 

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Consolidated Business Results Summary - First Three Quarters of Fiscal Year Ending December 31, 2020 -

Press releases   •   Nov 09, 2020 06:05 UTC

IWATA, November 9, 2020 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces its consolidated
business results for the first nine months.

Net sales for Yamaha Motor Co., Ltd.'s consolidated accounting period for the first nine months of
the fiscal year ending December 31, 2020 were 1,067.1 billion yen (a decrease of 200.1 billion yen
or 15.8% compared with the same period of the previous fiscal year). Operating income was 56.4
billion yen (a decrease of 43.6 billion yen or 43.6%), ordinary income was 59.7 billion yen (a
decrease of 42.7 billion yen or 41.7%), and net income for the period attributable to owners of
parent was 40.1 billion yen (a decrease of 35.6 billion yen or 47.0%).

However, the results for the third quarter (July–September) were net sales of 381.6 billion yen (a
decrease of 29.7 billion yen or 7.2%) and an operating income of 37.3 billion yen (an increase of
6.3 billion yen or 20.4%), showing our shift to a stage of recovery from the adverse effects of the
COVID-19 pandemic seen in the first half of the fiscal year.

For the third quarter of this consolidated accounting period, the U.S. dollar traded at 108 yen (an
appreciation of 1 yen from the same period the previous fiscal year), and the euro at 121 yen (an
appreciation of 2 yen).

For net sales, although sales increased in the Robotics and Financial Services businesses, the
impact of the COVID-19 pandemic saw a decrease in unit sales in the Land Mobility and Marine
Products businesses, resulting in a decline in sales overall. Operating income declined overall due
to factors such as the impact of foreign exchange rates and decreases in utilization rates from
factory closures in the Land Mobility and Marine Products businesses.

Results by Business Segment:
Land Mobility Business

Net sales were 682.4 billion yen (a decrease of 163.1 billion yen or 19.3% compared with the same
period of the previous fiscal year) and operating income was 8.9 billion yen (a decrease of 26.4
billion yen or 74.9%).

With motorcycles, although immediate total demand is currently recovering mainly in developed
countries, the impacts of the COVID-19 pandemic have been significant and unit sales have fallen.
In addition, temporary factory closures in several countries lowered our factory utilization rate,
which led to overall decrease in sales and profits.
In Indonesia, total demand fell drastically due to stricter scrutiny of sales financing prompted by
the country’s economic downturn. In India and the Philippines, although immediate total demand
is recovering, the effects of the lockdowns imposed in the first half of the year could not be wholly
mitigated and unit sales decreased. In Vietnam, the economic slowdown caused by the COVID-19
pandemic led to restructurings and reduced incomes, bringing a decrease in overall demand.
Taiwan, on the other hand, has seen aggregate demand recover to levels surpassing the previous
year.

With recreational vehicles (all-terrain vehicles, recreational off-highway vehicles (ROVs) and
snowmobiles), immediate demand for outdoor recreation products has recently spiked and retail
sales in North America—the world’s largest market in this product category—and other main
markets have recovered. However, sales and profits fell due to supply shortages brought on by the
drop in our factory utilization rate triggered by the effects of the COVID-19 pandemic.

For electrically power-assisted bicycles, the impacts of the COVID-19 pandemic brought about
production delays and the ceasing of sales work, and the subsequent decrease in sales of E-kits for
Europe and complete bicycle unit sales in Japan resulted in lower sales and profits.

Marine Products Business
Net sales were 247.4 billion yen (a decrease of 30.3 billion yen or 10.9% compared with the same
period of the previous fiscal year), and operating income was 40.7 billion yen (a decrease of 11.1
billion yen or 21.5%). Unit sales declined due to temporary closing of operations at boatbuilders
and dealerships in North America due to COVID-19. In addition, temporary closures at the Iwata
Main Factory in Japan and factories in the U.S. led to supply not keeping pace with the rapid
recovery in overall demand, resulting in lower sales and profits.

Robotics Business
Net sales were 54.7 billion yen (an increase of 1.3 billion yen or 2.5% compared with the same
period of the previous fiscal year) and operating income was 1.0 billion yen (a decrease of 5.4
billion yen or 84.6%). Although unit sales of surface mounters increased in Asia (including China,
South Korea and Taiwan), curbing of investments in the automotive sector saw the model mix
suffer as a result. In addition, making Yamaha Motor Robotics Holdings Co., Ltd. (YMRH) a
subsidiary at the end of the second quarter of the previous fiscal year led to an increase in sales
and a decrease in profits.

Financial Services Business
Net sales in the Financial Services segment were 34.3 billion yen (an increase of 3.5 billion yen or
11.4% compared with the same period of the previous fiscal year) and operating income was 5.8
billion yen (a decrease of 0.4 billion yen or 6.3%). Through the development of our own financing
programs in the U.S. targeting “Prime” customer segments, we saw an increase in the outstanding
receivables balance that drove greater income. However, the increase in the allowance for doubtful
accounts in anticipation of the impacts brought by the COVID-19 pandemic led to a decrease in
profits.

Other Products Business
Net sales were 48.4 billion yen (a decrease of 11.6 billion yen or 19.3% compared with the same
period of the previous fiscal year) and operating income was 20.0 million yen (a decrease of 0.3
billion yen or 93.4%). Unit sales of golf cars and generators fell and led to a decrease in sales and
profits.

Forecast of Consolidated Business Results:
In terms of the consolidated financial forecast for the full fiscal year ending December 31, 2020,
demand is recovering more than expected in each market and as such, we will revise our net sales
and income forecast as follows:

Basic Policy Concerning Profit Distribution and End-of-Period Dividends
The Company positions shareholder profits as one of its highest management priorities and is
striving raise its corporate value. With regards to dividends, the Company is focusing on achieving
a balance of growth investment and shareholder returns within the scope of cash flow while
maintaining earning power, and aiming toward a payout ratio of 30% of net income attributable to
owners of parent.
Based on the revisions to the consolidated earnings forecast for the full fiscal year ending
December 31, 2020 announced today, we have revised the annual dividend forecast for the current
fiscal year to 45 yen with a payout ratio of 35.7% (a 30 yen increase from the previous forecast
and 45 yen decrease from the previous fiscal year). As a result, we plan to pay an annual dividend
of 45 yen per share, which includes the interim dividend of 0 yen.

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Revision of Forecast Year-End Dividend and Forecast Consolidated Business Results for the Fiscal Year Ending December 31, 2020

Press releases   •   Nov 09, 2020 06:05 UTC

IWATA, November 9,2020 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that at the
Board of Directors meeting held today, the Company has made the decision to revise the forecast consolidated business results for the full fiscal year ending December 31, 2020 as well as to revise the forecast year-end dividend.

1. Revised Forecast Consolidated Business Results for the Full Fiscal Year
(January 1, 2020 through December 31, 2020)

(1) Revised Content

(2) Reasons for the Revision
Compared to the previous forecast, demand in each market is recovering more than
expected. In light of this, the forecast for consolidated business results for the full fiscal
year has been revised.

2. Revised Dividend Forecast

(1) Revised Content

(2) Reasons for the Revision
We have revised the year-end dividend forecast based on the above revised forecast
consolidated business results for the full fiscal year ending December 31, 2020 announced
today.

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Kohta Nozane Wins Career-First All Japan JSB1000 Title

News   •   Nov 02, 2020 08:52 UTC

Yamaha Announces 2021 Supercross and Motocross Teams

News   •   Oct 19, 2020 01:50 UTC

Announcement of Personnel Changes

Press releases   •   Oct 14, 2020 02:00 UTC

IWATA, October 14, 2020 - Yamaha Motor Co., Ltd. announces the following personnel changes, effective October 15, 2020

 

1. Personnel Changes in General Managers

(Name) (New position) (Current position)
OHASHI,
Takeshi
General Manager of General Affairs
Division, Human Resources &
General Affairs Center
Senior Manager of Human
Resources Development Group,
Global Human Resources
Development Division, Human
Resources & General Affairs Center

 

2. Personnel Changes in Group Companies

(Name) (New position) (Current position)
TERAI,
Toru
President of Yamaha Motor Taiwan
Trading Co., Ltd.
Manager of ME/AM-CE Promotion
Group, Procurement Engineering
Division, Procurement Section,
Procurement Center
TASHIRO,
Tetsuya
President of PT. Toyo Besq Precision
Parts Indonesia
Senior Manager of Production
Control Division, Manufacturing
Strategy Section, Manufacturing
and Production Engineering Center

 

Main businesses of the group companies referenced above;

・Yamaha Motor Taiwan Trading Co., Ltd.: Export of motorcycles and parts

・PT. Toyo Besq Precision Parts Indonesia: Manufacture of motorcycle parts in Indonesia

 

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Yamaha Confirms Exciting Young Rider Line-Up for 2021 WorldSBK Campaign

News   •   Oct 12, 2020 09:00 UTC

About Yamaha Motor Co., Ltd.

Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles, marine products, power products and robotics.

The company’s diverse business and wide variety of products are built around its proprietary technologies focused on powertrains, fiberglass-reinforced plastics and electronic control. Yamaha Motor conducts global development, production and marketing operations through 140 subsidiaries and equity-method affiliates in 30 countries. About 90% of consolidated net sales are generated in more than 200 countries outside of Japan. The company is steadily restructuring its global engineering, manufacturing and marketing capabilities for sustainable long-term growth.

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