Yamaha trims stake in motorcycle affiliate.YAMAHA CORPORATION “Yamaha” redirects here. For other uses, see Yamaha (disambiguation). The Yamaha Corporation (ヤマハ株式会社 OF JAPAN has sold 13.6 million shares in Yamaha Motors Corporation, reducing its stake in the motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. and marine engine manufacturer to 14.9% from 19.8% previously. The approximately $380 million proceeds from the stock sale will be utilized to pay a special dividend to Yamaha shareholders and to invest in core musical instrument and audio operations. In addition, by cutting its stake in Yamaha Motors to under 15%, Yamaha Corporation will no longer have to report a share of Yamaha Motors earnings under the equity method. A company spokesman explained, "By selling a portion of its shareholdings in Yamaha Motors, Yamaha will be able to use the proceeds for growth investments, providing a higher return to its shareholders. In addition, by excluding Yamaha Motors from consolidation under the equity method, Yamaha will be able to eliminate the risk of fluctuations in the performance of Yamaha Motors, which has different core businesses, thus leading to greater transparency of Yamaha's own performance." Although Yamaha Corporation and Yamaha Motors share the same trademark and have an intertwined corporate history, the two businesses have operated independently for more than 50 years. The music company was launched in Hamamatsu, Japan, in 1887, when Torakusa Yamaha built Japan's first reed organ reed organ, an organ in which air is forced over free reeds by means of bellows, usually worked by pedals. It is played by the use of one or more keyboards. Variations in tone are produced by stops that control different sets of reeds or vary the manner in which the . In the years after World War II, Yamaha President Genichi Kawakami Genichi Kawakami (川上源一 Kawakami Gen'ichi, January 30, 1912 – May 25, 2002) was the president of the Yamaha Corporation from 1950 to 1977, and again from 1980 to 1983. relentlessly searched for ways to expand his musical instrument company. Yamaha Motors came about after Kawakami persuaded the U.S. Occupational forces to let Yamaha reclaim metalworking equipment that it had used to make airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. propellers during the war. With access to the equipment, Yamaha introduced the YA-1 Red Dragon motorcycle. Shortly thereafter, Yamaha Motors was incorporated as a separate entity. Kawakami. however, served as head of both the motors and musical instrument companies. For the most recent fiscal year, Yamaha Motors had sales of approximately $16 billion (U.S.) and had 41,000 employees worldwide. In addition to motorcycles, the company is also a leading manufacturer of snowmobiles, outboard Not built in. Outboard devices are external to the main unit. Contrast with inboard. See offboard. motors, and personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. . Yamaha Corporation had sales of $5.7 billion and employs approximately 20,000 worldwide. |
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