Fair Trade Practice

The Yamaha Group does not engage in any unfair trading practices or unjust practices designed to restrict competition and makes every effort to ensure fair competition, the bedrock of healthy development in a market economy. Moreover, as a partner working closely with its suppliers and customers, Yamaha strives to maintain trusting relationships by practicing fair trade. Yamaha familiarizes all Group employees with rules governing corporate practices concerning market competition and rules regarding the maintenance of fair relationships with suppliers as laid out in the Yamaha Compliance Code of Conduct.

Transactions with subcontractors are tracked through the Group’s accounting system, and frameworks are in place to prevent payment delays. Furthermore, through opportunities that include meetings with Procurement Department employees, we inform internal departments of notifications from the government regarding the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors (Subcontractors Act) and of related standards as part of measures to stay abreast of and familiarize employees with legal requirements.

Legal Training regarding Fair Trade Practices

In Japan, the manufacturing industry relies heavily on subcontracting, and, as such, fair trade is an important topic. Every year, the Yamaha Group conducts training on laws and regulations including the Subcontractors Act, the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Antimonopoly Act), and consumer-related laws. At overseas Group companies, we conduct training on fair trade for all relevant employees, primarily those of overseas sales companies. These training sessions include subjects such as the prohibition of illegally exchanging pricing information and controlling prices.

Legal Training (Yamaha Corporation and domestic Group companies)
  Fiscal 2018 Fiscal 2019 Fiscal 2020
Legal training participants* Approx. 140 Approx. 260 Approx. 200

* Aggregate total

[ image ] Legal training
Legal training

In fiscal 2020, no legal sanctions were incurred as a result of involvement of Yamaha Group organizations in violations of fair trade, anti-trust laws, or anti-monopoly laws. In Japan, the Yamaha Group cooperates with written inquiries from the Small and Medium Enterprise Agency and the Fair Trade Commission and has not received any orders or warnings due to violations of laws and ordinances.