Information Disclosure (Dialogue with Shareholders and Investors)

In order to conduct continued transparent business operations and have these operations accurately understood by shareholders, investors, and other stakeholders, it is critical to disclose information properly. The Yamaha Group states in its Compliance Code of Conduct that it will provide factual and accurate reports of financial conditions and operational results to shareholders and government entities in accordance with laws and other regulations and disclose appropriate management information to shareholders and investors.

The Yamaha Group strives to disclose information in a fair and timely manner for the benefit of institutional and private investors around the world. Rules for disclosure are set forth in the Disclosure Policy, which is available online.

Website for Investors

The investor relations (IR) section of Yamaha’s corporate website (available in English and Japanese) provides up-to-date information on our business, including business strategies, information on medium-term management plans, earnings reports, financial data, and annual reports, along with newsletters. In fiscal 2021, the IR section of our website received a number of honors, namely a 2020 Internet IR Commendation Award (Daiwa Investor Relations Co. Ltd.), recognition as a AAA website in the overall category of the 2020 homepage ranking of all listed companies (Nikko Investor Relations Co., Ltd.), and a silver award in the ranking of companies with superior IR websites (GOMEZ). These honors reflected the evaluation of the website’s easy-to-understand navigation options and its timely provision of the information necessary for investors.

Major IR Activities

Yamaha promotes engagement with shareholders and other investors in both Japan and overseas through various activities such as quarterly result briefings and other regular events as well as business briefings for securities analysts and institutional investors, factory and facility tours, and explanatory meetings for private investors, which are held as needed. The opinions and information gathered through engagement with shareholders and other investors are shared internally among the related departments, and these findings are reflected in our IR activities and in the execution of management.

Major Activities
  Target audience Frequency Times held in fiscal 2021
Financial results briefings Securities analysts
Institutional investors
Quarterly 4
Business briefings Same as above Irregularly 0
Factory/facility tours Same as above Irregularly 0
Individual meetings Same as above Approx. 200 times a year 250
Overseas investor visits Overseas institutional investors Three times a year (United States, Europe, and Asia) 0 (United States, Europe, and Asia)
* Overseas investor visits were canceled in fiscal 2021 due to the COVID-19 pandemic.
Medium-term management plan briefings Securities analysts
Institutional investors
As needed 0
Company briefings for private investors Private investors Irregularly (in Japan) 1
Company briefing for private investors
Financial results briefing

Yamaha Corporation has been included in domestic and overseas environmental, social, and governance (ESG) indexes*1 and ESG funds based on the consideration it exercises for the environment and for society.
For more details, please refer to the following website.

  • *1 ESG indexes compile companies evaluated as exhibiting excellence in terms of both profitability and sustainability and track the movements of their stock prices.
[ logo ] FTSE Blossom Japan
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Yamaha has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products
[ logo ] MSCI Japan ESG Select Leaders Index
The inclusion of Yamaha Corporation in any MSCI index, and the use of MSCI logos, trademarks, service marks, or index names herein, do not constitute a sponsorship, endorsement, or promotion of Yamaha Corporation by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.
Credit Ratings (As of March 31, 2021)
Rating and Investment Information, Inc. A+
Japan Credit Rating Agency, Ltd. AA-

The Company’s shareholder returns and retained earnings policies are explained in the link below.

Shareholder Benefits

Yamaha Corporation has introduced special incentive programs for shareholders to express our appreciation for their daily support and to foster greater understanding and support for Yamaha’s business. Shareholder benefit programs are available only to residents of Japan.