Yamaha : Notice of Resolutions Passed at the 198th Ordinary General Shareholders’ Meeting (PDF 151KB)

(Translation Only)

YAMAHA CORPORATION

10-1Nakazawa-cho,Naka-ku, Hamamatsu,

Shizuoka 430-8650, Japan

June 22, 2022

Notice of Resolutions Passed at the 198th Ordinary General Shareholders' Meeting

Dear Shareholders:

We hereby inform you that the scheduled matters were reported and resolved as follows at the 198th Ordinary General Shareholders' Meeting held today.

Very truly yours,

Takuya Nakata

Director, President and Representative Executive Officer

Matters reported:

1. The Business Report, the Consolidated Financial Statements, and the Audit Reports of the Consolidated Financial Statements by the Independent Auditor and the Audit Committee, for the 198th Fiscal Year (from April 1, 2021 through March 31, 2022).
2. The Non-consolidated Financial Statements for the 198th Fiscal Year (from April 1, 2021 through March 31, 2022)

The contents of the above Business Report, the Consolidated Financial Statements, the Non-consolidated Financial Statements, and the Audit Reports of the Consolidated Financial Statements were duly reported.

Matters resolved:

Proposal 1 Appropriation of Surplus

The matter was approved as originally proposed. The year-end dividend shall be 33 yen per share.

Proposal 2 Partial Amendments to the Articles of Incorporation

The matter was approved as originally proposed.

Proposal 3 Election of Eight Directors

The matter was approved as originally proposed.

As Directors, eight nominees -- Takuya Nakata, Satoshi Yamahata, Taku Fukui, Yoshihiro Hidaka, Mikio Fujitsuka, Paul Candland, Hiromichi Shinohara and Naoko Yoshizawa were reappointed.

1

(Translation Only)

********************************************************************************

At the Board of Directors meeting held immediately after the conclusion of the shareholders' meeting, the members of Nominating Committee, Audit Committee and Compensation Committee were elected and duly appointed. The Directors and members of each Committee are as follows.

Directors
Director:	Takuya Nakata	Outside Director:	Mikio Fujitsuka
Director:	Satoshi Yamahata	Outside Director:	Paul Candland
Outside Director:	Taku Fukui	Outside Director:	Hiromichi Shinohara
Outside Director:	Yoshihiro Hidaka	Outside Director:	Naoko Yoshizawa
Nominating Committee
	Takuya Nakata	Paul Candland
	Yoshihiro Hidaka	Hiromichi Shinohara
Audit Committee	Taku Fukui	Naoko Yoshizawa
	Mikio Fujitsuka
Compensation Committee
	Takuya Nakata	Paul Candland
	Yoshihiro Hidaka	Hiromichi Shinohara

***************************************************************************************

(Information)

1. Payment of Dividend
   Please receive your year-end dividend for the 198th fiscal year (33 yen per share) during the payment period (from June 23, 2022 to August 5, 2022) at your nearby office of Japan Post Bank Co., Ltd., or post office by submitting the enclosed "Receipt of the Dividend".
   If you have already requested us to transfer your dividend to your account, we have enclosed the"Dividend Calculation Sheet" and "the Notice of Transfer". If you have already requested us to transfer your dividend to the accounts at your securities companies in proportion to the number of shares, we have enclosed the "Dividend Calculation Sheet" and "the Notice of manner of receiving the dividend". Please confirm the above documents.
   We also enclosed "Dividend Calculation Sheet" for shareholders who are to receive dividends by "Receipt of the Dividend". After receiving your dividend, "Dividend Calculation Sheet" is used to confirm the amount of dividend received.
2. Reports to be Sent to Shareholders with Less Than One Unit
   If you are a shareholder with less than one unit (less than one hundred shares), please read "the 198th Fiscal Year Reports" enclosed herewith.

2