Notice of Liquidation of U.S. Subsidiary

Yamaha Corporation (hereinafter "Yamaha" or the "Company") announces that it has decided to dissolve Yamaha Unified Communications, Inc. (hereinafter "YUC," Representative: Sotaro Nishida; Location: Massachusetts, U.S.A.; wholly owned by the Company), a subsidiary that sells conferencing system equipment in the United States.

YUC, formerly Revolabs, Inc. established in 2005, was acquired by the Company in 2014 and changed its name to YUC in 2018. YUC has been involved in the sales of conferencing system equipment in the United States, but due to changes in the market environment, Yamaha has decided to liquidate the subsidiary. Going forward, sales of conferencing system equipment in the United States will be handled by Yamaha Corporation of America. The decision to liquidate YUC is expected to result in an increase in consolidated net profit of approximately \2.5 billion due to the application of tax effect accounting and other factors.

1. Outline of the Subsidiary to be Liquidated

Company name Yamaha Unified Communications, Inc.
Location Massachusetts, U.S.A.
Representative Sotaro Nishida, President and Representative Director
Paid-in Capital US$3.3 million
Investment ratio Yamaha Corporation 100%
Main business Importation and sales of conferencing system equipment
Date of establishment 2005
Sales US$10.2 million (Fiscal year ended March 31, 2023)

2. Schedule

Termination of operations and commencement of liquidation procedures: Scheduled for the end of June 2024
Liquidation will be completed upon conclusion of necessary procedures in accordance with local laws and regulations.

  • The content of the press release is accurate as of the date of publication, but please note that it may be subject to change following publication.
  • Product names, company names, etc. in this document are trademarks or registered trademarks of this company and other companies.

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