YAMAHA CORPORATION
7951・Prime Market・Other Products
Governance
Transitioned to a company with a nomination committee, etc. in June 2017. The board consists of 8 directors (6 outside directors, outside director ratio of 75%), and outside directors hold a majority on all three committees—Nomination, Audit, and Compensation—thoroughly ensuring the separation of oversight and execution.
Risk Management
The Risk Management Committee has been established as an advisory body to the Representative Executive Officer and President, with subcommittees for BCP & Disaster Countermeasures, Financial Management, Compliance, Export Control Review, and Information Security managing and monitoring risks on a company-wide, cross-functional basis.
Shareholder Returns
The basic policy is to pay continuous and stable dividends with a target total shareholder return ratio of 50% or more (cumulative over the medium-term management plan period). The annual dividend for FY2026 (ending March 2026) is ¥26 per share (interim ¥13, year-end ¥13), with total dividends of ¥11,612 million and a payout ratio of 49.3%. An annual dividend of ¥26 is also planned for FY2027 (ending March 2027). During the fiscal year under review, the company acquired ¥15,000 million of treasury stock and retired 68,000,000 shares.
Dividend Policy
With a view to improving ROE, the company bases its policy on the medium-term consolidated profit level, making growth investments such as R&D, sales investment, and capital expenditure, while also actively returning profits to shareholders. While maintaining continuous and stable dividends as a basic policy, the company will also implement agile shareholder returns aimed at improving capital efficiency as appropriate, balancing this with an appropriate level of retained earnings for future growth investments. The target is a total shareholder return ratio of 50% or more (cumulative over the medium-term management plan period).
ESG
The company discloses climate change and biodiversity information based on TCFD and TNFD frameworks, and has already reduced Scope 1+2 CO2 emissions by 39% compared to FY2018 (ending March 2018), exceeding its 30% target. It has obtained SBTi net-zero certification, and is also engaged in sustainable timber procurement (timber due diligence and Oto no Mori forest conservation activities), human rights due diligence, and the promotion of DE&I. The company has achieved an MSCI ESG Rating of AAA and has been included in the CDP A List for both Climate Change and Water Security.
Last updated: June 25, 2026