Yamaha : Notice Concerning the Completion of Acquisition of Treasury Stock
June 19, 2023 at 04:06 am EDT
Share
June 19, 2023
For Immediate Release
Company Name: YAMAHA CORPORATION
President and Representative Executive Officer: Takuya Nakata
Code Number: 7951 (TSE Prime Market)
Notice Concerning the Completion of Acquisition of Treasury Stock
(Acquisition of Treasury Stock Pursuant to the Articles of Incorporation Based on the Provision of Article
165, Paragraph 2 of the Companies Act)
Yamaha Corporation (hereinafter, the Company) announces that the status of acquisition of treasury stock based on the application of the provisions of Article 156 of Japan's Companies Act pursuant to the rewording of Article 165- 3.
This transaction has completed the acquisition of treasury shares based on the resolution of the Board of Directors held on February 7, 2023.
1. Type of shares acquired
: Common shares of the Company
2. Number of shares acquired
: 2,858,500 shares
3. Amount of acquisition
: ¥ 14,999,565,349
4. Acquisition period
: February 8, 2023 to June 16, 2023 (Trade Base)
5. Acquisition method
: Purchase on the Tokyo Stock Exchange market
(Reference)
Details of resolution at the Board of Directors meeting concerning the acquisition of treasury stock (announced on February 7, 2023)
Type of shares to be acquired: Common stock of the Company
Total number of shares to be acquired: 5,000,000 shares (maximum) (Representing 2.9% of outstanding shares, excluding treasury shares)
Total amount of acquisition: ¥15.0 billion (maximum)
Acquisition period: February 8, 2023 to July 31, 2023
Acquisition method: Purchase on the Tokyo Stock Exchange market
1
For further information, please contact:
Yamaha Corporation
Corporate Communications Division, Media Relations Group
Yamaha Corporation published this content on 19 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2023 08:05:04 UTC.
Yamaha Corporation is a diversified group organized around 4 areas of activity:
- design and manufacturing of music instruments (64.1% of net sales): pianos, digital music instruments, wind instruments, string instruments, percussion instruments, music software, etc. The group is also providing training services in music and English language;
- production of audio and IT equipments (27.9%): loud speakers, online karaoke equipments, routers, conference systems, etc.;
- other (8%): sale of electronic equipments, golf products, automotive interior components, etc.
Net sales are distributed geographically as follows: Japan (29%), North America (20%), Europe (20%), China (16%) and others (15%).
YAMAHA CORPORATION 
