Fair Operating Practices
Stance on Fair Operating Practices
The Yamaha Group takes great efforts to maintain fair operating practices by complying with laws, regulations, and social norms to contribute to the healthy development of the market economy society. Based on the Compliance Code of Conduct, the Group endeavors to build and maintain fair relationships by eliminating questionable relationships with suppliers or other related parties, practice fair competition by banning the use of unfair comparative advertisements, comply with the Anti-Monopoly Act, and otherwise engage in responsible management of its business. Furthermore, the Group is educating its employees to ensure that all of its members comply with these standards.
Prevention of Corruption
The Yamaha Group is well aware of the fact that corruption impedes healthy economic activity and is detrimental to the sustainability of society. Accordingly, the Group has endorsed the United Nations (UN) Global Compact, which sets out principles pertaining to anti-corruption. The Group also stipulates in its Compliance Code of Conduct that it rejects improper relationships with business partners, governments, local municipalities, and public institutions and that it will engage only in fair dealings. Groupwide anti-corruption measures are implemented based on this code of conduct.
Extensive Anti-Corruption Frameworks and Measures
The Yamaha Group formulates rules with regard to the compliance program to be implemented by Group companies to promote compliance and prevent corruption. Based on these rules, Group companies worldwide implement measures including having members of senior management voice their commitment to compliance to employees, arranging employee and other training and education programs, and setting up processes for identifying and preemptively addressing activities with the potential to violate laws.
In fiscal 2025, assessment frameworks aimed at preventing inappropriate entertainment and gifts and other acts of corruption were implemented at 13 Group companies (Yamaha Corporation, sales companies, production companies, and operating companies) based on the aforementioned rules.
The Legal Division of Yamaha Corporation is responsible for ensuring that all Group companies around the world are always aware of the corruption risks present in their business activities and for monitoring the status of initiatives within the Group.
In addition to combating misconduct in its own activities, the Yamaha Group is also committed to addressing bribery risks in the activities of business partners. To this end, the Group takes steps such as requiring business partners, through contracts and other stipulations, to prohibit bribery and receiving pledges on this matter from business partners. Furthermore, the Yamaha Supplier CSR Code of Conduct stipulates the prohibition of corruption involving suppliers. Regular surveys are administered to assess compliance with these provisions.
Corruption-Related Incidents
In fiscal 2025, no legal violations or government sanctions were incurred as a result of acts of corruption.
Responsible Participation in Politics
With respect to involvement in politics and government policy, the Yamaha Group aims to demonstrate good faith in promoting the formulation and implementation of government policies that benefit society as a whole. Guided by this philosophy, we maintain appropriate relationships with governments and politicians in accordance with prescriptions concerning relationships with such in our Compliance Code of Conduct.
Political Contributions
The Yamaha Group takes a neutral stance toward political parties and politicians, and complies with the Public Offices Election Act, the Political Funds Control Act, and other laws and ordinances related to politics. The Group prohibits contributions to individual politicians, which is prohibited by law, and to political organizations or parties in excess of the permissible amount under the law.
Under authoritative regulations for political contributions of ¥1,000,000 or more, it is mandatory for Yamaha Corporation to obtain the approval of the president, consult with the General Administration Division, the Corporate Finance Division, and the Legal Division, and confirm the contribution with an audit officer. Group companies are also required to conform to the restrictions of the political fund control laws of the respective countries when making political contributions or payments of any kind to politically related persons or persons belonging to public institutions while also observing the same regulations as Yamaha Corporation.
Furthermore, the senior general manager of the Internal Auditing Division carries out an audit of political contributions each year and determines whether or not these rules are being appropriately observed throughout the Group.
Fair Trade Practices
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. Moreover, the Yamaha Group familiarizes all Group employees with rules regarding the maintenance of fair relationships with business partners and rules governing corporate practices concerning market competition as laid out in the Compliance Code of Conduct.
Fair Competition and Trade Frameworks and Measures
Compliance with Competition Laws
As part of its efforts to ensure fair competition, the Yamaha Group has formulated rules regarding the compliance programs to be implemented at Group companies for the purpose of ensuring compliance with competition laws. Based on these rules, competition law training is held at domestic and overseas Group companies emphasizing the prevention of cartel activities, bid rigging, resell price fixing, abuse of a dominant bargaining position, and other illegal activities. In addition, members of senior management voice their commitment to compliance with competition laws to employees worldwide.
In fiscal 2025, competition law training was conducted at 9 domestic Group companies (Yamaha Corporation, sales companies, and operating companies) and at 21 overseas Group companies (sales companies and operating companies). In Japan, 2,361 individuals underwent such training while 2,129 individuals received training overseas.
Compliance with the Subcontractors Act
At Yamaha Corporation and domestic Group companies, transactions with subcontractors are tracked through the Group’s accounting system, and frameworks are in place to prevent payment delays. Furthermore, through internal notifications and meetings with Procurement Division employees, we inform internal departments of notifications from the government regarding the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors (the “Subcontractors Act”) and of related standards as part of measures to stay abreast of and familiarize employees with legal requirements.
Fair Competition Violations
In fiscal 2025, no legal sanctions were imposed by the relevant authorities in response to violations of fair trade, anti-trust laws, or anti-monopoly laws.
In Japan, the Yamaha Group cooperates with written inquiries from the Fair Trade Commission and the Small and Medium Enterprise Agency and has not received any orders or warnings due to violations of laws and ordinances.