Information Disclosure and IR Activities (Communication with Shareholders and Investors)

In order to conduct continued transparent business operations with the true understanding of 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 a true and accurate report of financial conditions and operational results to shareholders and government entities in accordance with laws and other regulations, and 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 in Japan and overseas. Rules for this disclosure are set forth in the Disclosure Policy, which is available online:

  • *1 IR: Investor Relations (corporate communication for shareholders and investors)

Website for Investors

The Yamaha website for investors and shareholders provides up-to-date information and newsletters in English and Japanese on our business, including business strategies, medium-term management plan, earnings reports, and financial data.

Proactive IR Activities

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

Main activities
  Target Audience Frequency Achievements in FY 2018
Results briefings Securities analysts
Institutional investors
Quarterly 4
Business briefings Same as the above Occasional 0
Factory/facility tours Same as the above Occasional 0
Individual sit-downs Same as the above About 250 times/year 260
Overseas investor visits Overseas institutional investors 3 times/year (U.S., Europe, Asia) 3
Medium-term management plan briefings Securities analysts
Institutional investors
As needed 0
An explanatory meeting for private investors Private investors Occasional (in Japan) 5
[ image ] Explanatory meeting for private investors
Explanatory meeting for private investors
[ image ] Earnings briefing
Earnings briefing

In recognition for the company’s regard for society and the environment, Yamaha Corporation is listed on the major international Socially Responsible Investment (SRI) indexes*2 and SRI funds, including FTSE4Good Global Index, MSCI Global Sustainability Indexes, and the Morningstar Social Responsibility Index (MS-SRI).

  • *2 SRI (Socially Responsible Investment) Index: An index that benchmarks comprised of companies with strong financial and sustainability profiles

The Company commissions a long-term preferred debt rating assessment from credit rating agencies annually, as a one of the ways to measure financial soundness. Our evaluation is as follows:

Credit Ratings (as of November 15, 2018)
Rating and Investment Information, Inc. (R&I) A+
Japan Credit Rating Agency, Ltd. (JCR) AA-

The Company’s policy on returns to shareholders and retained earnings is explained below:

Shareholder benefits

Yamaha Corporation conducts a special incentive plan for shareholders in Japan to express our appreciation for their daily support.