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Press release -

Notifications regarding the Revision of Forecast Final Dividends for the Fiscal Year Ending December 31, 2017

Yamaha Motor Co., Ltd. hereby announces that at the Board of Directors meeting on November 2, 2017, that the Company has determined to revise as follows the forecast final dividends based on the revised forecast consolidated business results for the fiscal year ending December 31, 2017 as announced today.

1. Details of Revised Final Dividend Forecast

2.Reasons
Recognizing that shareholders' interests represent one of the Company's highest management priorities, the Company is aiming towards a payout ratio of 30% of net income attributable to parent company shareholders, and focusing on continuing to maintain and increase a stable financial platform while and increasing new growth investment and stock dividends. The Company has determined that, based on the revised business results forecast, the forecast final dividend for this fiscal year will be changed to 43 yen per share, which together with the interim dividend of 39 yen represents a forecast annual dividend of 82 per share, and an (an increase of 4 yen from the previous forecast, and an increase of 22 yen compared with the previous fiscal year).

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

Yamaha Motor (TOKYO: 7272) is a world-leading enterprise manufacturing land-mobility such as motorcycles, all-terrain vehicles, and electrically power assisted bicycles, marine products such as boats and outboard motors, robotics products such as surface mounters and drones, as well as engagement in the finance business. The company's diverse businesses and wide variety of products are built around its proprietary technologies focused on powertrain, chassis and hull, electronic control, and manufacturing technologies. Yamaha Motor operates global development, production and sales networks through 140 subsidiaries and equity-method affiliates in 30 countries and regions, working to realize our Corporate Mission of being s "Kando* Creating Company."
About 90% of consolidated net sales are generated in more than 180 countries and regions outside of Japan.
Please visit http://global.yamaha-motor.com.

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