Overview
Transportation Equipment

Yamaha Motor Co.,Ltd.

Yamaha Motor Co., Ltd. is a global manufacturer of motorized products spanning Land Mobility (motorcycles, e-bikes, electric wheelchairs, automotive engines), Marine (outboard motors, watercraft, boats), Outdoor Land Vehicles (ATVs, ROVs, golf cars), and Robotics (surface mounters, industrial robots, unmanned helicopters). The company serves both individual consumers and corporate/industrial clients across more than 180 countries, leveraging its proprietary powertrain and motion-control technologies. Key competitive strengths include a globally integrated manufacturing network, a broad multi-category product portfolio, and a growing presence in electrification and automation solutions.

Market Cap
¥1,715B
US$10.9B
EV
¥2,388B
US$15.2B
Stock¥1,767▼-0.45%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.2
x
LTM EV/EBIT
11.7
x
LTM PER
22.3
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+34.8%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 3, 26Earnings announcement & guidance downgrade
2Feb 13, 26Earnings revision & dividend increase
3Aug 4, 26FY2026 net profit guidance raised by ¥70bn to ¥170bn (10.6x prior year)
4Aug 5, 26FY2026 net profit guidance raised by ¥70bn to ¥170bn (10.6x YoY)
5Aug 31, 26Silchester International Investors LLP changed stake (8.79%→7.59%)
MC → EV Bridge
1,715BUS$10.9BMarket Cap1,074BUS$6.84B+ Debt401BUS$2.56B− Cash40.7BUS$259M− Inv. Sec.41.6BUS$265M+ NCI2,388BUS$15.2BEV
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Performance & Balance
Revenue 5Y (¥B)
1,812US$11.5B'21/122,248US$14.3B'22/122,415US$15.4B'23/122,576US$16.4B'24/122,534US$16.1B'25/12
EBITDA 5Y (¥B)
233US$1.49B'21/12285US$1.81B'22/12322US$2.05B'23/12265US$1.68B'24/12215US$1.37B'25/12
Net Income 5Y (¥B)
156US$991M'21/12174US$1.11B'22/12164US$1.05B'23/12108US$688M'24/1216.1US$103M'25/12
Capital Structure
54%
46%
EquityD/E 0.86xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
408US$2.60B459US$2.92B'21/12401US$2.55B598US$3.80B'22/12396US$2.52B844US$5.37B'23/12373US$2.38B993US$6.32B'24/12399US$2.54B1,089US$6.93B'25/12
Shareholders
Top 10 hold 43.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
19.72%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.96%
3
NORTHERN TRUSTCO.(AVFC) RESILCHESTERINTERNATIONALINVESTORSINTERNATIONALVALUE EQUITYTRUST (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.98%
4
YAMAHA CORPORATION
2.98%
5
NORTHERN TRUSTCO.(AVFC)RE U.S.TAX EXEMPTEDPENSION FUNDS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.20%
6
TOYOTA MOTOR CORPORATION
1.93%
7
The Shizuoka Bank, Ltd.
1.74%
8
NORTHERN TRUSTCO.(AVFC) RENON TREATY CLIENTS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.67%
9
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.65%
10
NORTHERN TRUSTCO.(AVFC) REIEDU UCITSCLIENTS NONLENDING 15 PCTTREATY ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.37%
Management
14 officers
Motofumi SHITARA
Representative Director, President, Executive Officer and CEO; Corporate oversight: Brand, Corporate Strategy, Human Resources & General Affairs, Risk Management, Compliance, Legal & IP, Planning & Finance
Apr 1986 Joined the Company Jan 2011 General Manager, Business Planning Department, ME Business Division, Marine Business Headquarters Jan 2015 General Manager, ME Business Division, Marine Business Headquarters Mar 2016 Executive Officer Jan 2017 Deputy General Manager, Planning & Finance Headquarters Jan 2018 President, Yamaha Motor India Pvt. Ltd.; concurrently President, Yamaha Motor India Sales Pvt. Ltd. Jan 2022 In charge of Corporate Division Mar 2022 Director, Senior Executive Officer Oct 2024 Representative Director, Executive Vice President Jan 2025 Representative Director, Executive Vice President, CFO Mar 2025 Representative Director, President, Executive Officer and CEO (current)
1962-10-29
Toshiaki IBATA
Director, Senior Executive Officer; Marketing oversight: Land Mobility, Outdoor Land Vehicles, Marine, Solutions, Overseas Market Development, Customer Experience, Financial Services
Apr 1989 Joined the Company Jan 2009 General Manager, Development Department, WV Business Division, Marine Business Headquarters Aug 2013 General Manager, WV Business Division, Marine Business Headquarters Jan 2015 General Manager, Boat Business Division, Marine Business Headquarters Mar 2018 Executive Officer; General Manager, Boat Business Overall Management, Marine Business Headquarters Jan 2021 General Manager, Development Overall Management, Marine Business Headquarters Jan 2023 General Manager, Marine Business Headquarters Mar 2023 Senior Executive Officer (current) Jan 2026 Assigned to President's Office Mar 2026 Director
1965-05-28
Takuya KINOSHITA
Director, Senior Executive Officer; Technology oversight: IT, Technology, Research & Design, Mobility Development
Apr 1990 Joined the Company Jan 2014 General Manager, SC Development Department, PF Vehicle Development Overall Management, PF Vehicle Unit Jan 2016 General Manager, Planning & Promotion Overall Management, MC Business Headquarters Jan 2017 General Manager, Strategy Overall Management, MC Business Headquarters Jan 2018 General Manager, MC Business Headquarters Mar 2018 Executive Officer Jan 2021 General Manager, Land Mobility Business Headquarters Mar 2021 Senior Executive Officer Jan 2022 General Manager, Creative Headquarters Mar 2024 Executive Officer Jan 2026 Assigned to President's Office Mar 2026 Director, Senior Executive Officer
1967-09-05
Kenichi MURAKI
Director, Senior Executive Officer; Manufacturing & Procurement oversight: Quality Assurance, Production, Production Engineering, Procurement
Apr 1990 Joined the Company Jan 2016 President, Yamaha Motor Parts Manufacturing (Thailand) Co., Ltd. Jan 2017 Director, Thai Yamaha Motor Co., Ltd. Jan 2019 General Manager, Production Engineering Headquarters Mar 2019 Executive Officer Jan 2023 General Manager, Production Engineering Headquarters; Chief Officer, PAS Drive Unit Competitiveness Enhancement Project Jan 2024 General Manager, SPV Business Division, Land Mobility Business Headquarters Jan 2026 Assigned to President's Office; concurrently General Manager, SPV Business Division, Land Mobility Business Headquarters Mar 2026 Director, Senior Executive Officer; concurrently General Manager, SPV Business Division, Land Mobility Business Headquarters
1968-01-04
Jin Song MONTESANO
Director
Sep 1995 Director, Government Relations, Korea Economic Institute of America (KEI) Jul 2001 Director, Public Affairs, GlaxoSmithKline Asia Pacific Jul 2005 Vice President, Communications, GE Money Asia Mar 2009 Vice President, Public Affairs, Kraft Foods Asia Pacific Jul 2012 Vice President, Global Public Affairs, GSK Vaccines Nov 2014 Managing Executive Officer, Public Relations, CSR & Environmental Strategy, LIXIL Group Corporation Nov 2014 Managing Executive Officer, LIXIL Corporation; concurrently Chief Public Affairs Officer Feb 2015 Director, Managing Executive Officer, LIXIL Corporation; concurrently Chief Public Affairs Officer Sep 2017 Director, Managing Executive Officer, LIXIL Corporation; Chief Public Affairs Officer Jun 2020 Director, Executive Managing Officer, LIXIL Group Corporation; in charge of HR, General Affairs, PR, IR, External Affairs and Corporate Responsibility; concurrently Chief People Officer Dec 2020 Director, Executive Managing Officer, LIXIL Corporation (following merger); same responsibilities; concurrently Chief People Officer Mar 2022 Outside Director of the Company (current) Oct 2022 Director, Executive Managing Officer, LIXIL Corporation; in charge of HR, General Affairs, PR, External Affairs and Corporate Responsibility; concurrently Chief People Officer Apr 2023 Director, Representative Executive Managing Officer, LIXIL Corporation; in charge of HR, PR, External Affairs and Impact Strategy; concurrently Chief People Officer Apr 2025 Director, Representative Executive Managing Officer, LIXIL Corporation; Chief People Officer; in charge of HR, PR, External Affairs and Impact Strategy (current) *Dec 2020: LIXIL Group Corporation merged with LIXIL Corporation (new company name: LIXIL Corporation).
1971-04-24
Keiji MASUI
Director
Apr 1977 Joined Toyota Jidosha Kogyo K.K. (now Toyota Motor Corporation) Jan 1999 Seconded to Toyota Motor Europe Manufacturing Co., Ltd. Jan 2005 General Manager, Production Control Department, Toyota Motor Corporation Jun 2007 Managing Officer, Toyota Motor Corporation Apr 2012 Senior Managing Officer, Toyota Motor Corporation Apr 2016 President and Representative Director, Toyota Auto Body Co., Ltd. Jan 2018 President and Representative Director, Toyota Auto Body Co., Ltd. Apr 2023 Chairman and Representative Director, Toyota Auto Body Co., Ltd. Mar 2024 Outside Director of the Company (current) Jun 2025 Director, Chairman, Toyota Auto Body Co., Ltd. Jan 2026 Senior Executive Advisor, Toyota Auto Body Co., Ltd. (current)
1954-08-15
Sarah L. CASANOVA
Director
Jan 1991 Joined McDonald's Canada Jan 1997 Senior Director, Marketing, McDonald's Russia/Ukraine Jul 2001 Senior Director, Marketing, McDonald's Canada Oct 2004 Executive Officer, Marketing Division, McDonald's Japan Apr 2007 Senior Executive Officer, Business Development Department, McDonald's Japan Jul 2009 Managing Director, McDonald's Malaysia May 2012 Managing Director, McDonald's Malaysia; Regional Manager, McDonald's Singapore and McDonald's Malaysia Aug 2013 Representative Director, President and CEO, McDonald's Japan Mar 2014 Representative Director, President and CEO, Japan McDonald's Holdings Mar 2019 Representative Director, Chairman, McDonald's Japan Mar 2021 Representative Director, Chairman, Japan McDonald's Holdings Jun 2023 Outside Director, Mitsui & Co., Ltd. (current) Mar 2025 Outside Director, Kao Corporation (current) Mar 2025 Outside Director of the Company (current)
1965-04-06
Naoki ONO
Director
Apr 1979 Joined Mitsubishi Mining Cement Co., Ltd. (now Mitsubishi Materials Corporation) Apr 2014 Managing Executive Officer; President, Cement Business Company Jun 2014 Managing Director; President, Cement Business Company Apr 2016 Director, Senior Managing Executive Officer; President, Cement Business Company Apr 2017 General Manager, Corporate Strategy Headquarters Jun 2018 Representative Director, President, Mitsubishi Materials Corporation Jun 2019 Director, Representative Executive Officer, President, Mitsubishi Materials Corporation Apr 2025 Director, Mitsubishi Materials Corporation (current) Mar 2026 Outside Director of the Company
1957-01-14
Junko SUNAGA
Director
Apr 1983 Joined NEC Corporation Jan 1993 Seconded to NEC Electronics, Inc. (USA) Apr 1997 Joined Qualcomm International Japan (now Qualcomm Japan LLC) May 2005 Director, Qualcomm Japan K.K. (now Qualcomm Japan LLC) Nov 2008 Senior Director, Qualcomm Japan K.K. Jun 2016 Vice President, Qualcomm Japan K.K. Apr 2018 President and Representative Director, Qualcomm Japan K.K. Apr 2018 President and Representative Director, Qualcomm CDMA Technologies GK Jun 2021 Outside Director, Iwasaki Electric Co., Ltd. Jun 2023 Advisory Chairman, Qualcomm Japan LLC Jun 2024 Outside Director, Kyocera Corporation (current) Jun 2024 Outside Director, TIS Inc. (current) Mar 2026 Outside Director of the Company
1960-09-25
Masashi TSUMABUKI
Full-time Audit & Supervisory Board Member
Apr 1984 Joined Mitsui & Co., Ltd. Apr 2009 Seconded to the Company, Corporate Planning Department Dec 2016 Joined the Company Jan 2017 Executive Vice President, Yamaha Motor Corporation, U.S.A. Mar 2023 Full-time Audit & Supervisory Board Member (current)
1961-10-29
Takeo NODA
Full-time Audit & Supervisory Board Member
Apr 1989 Joined the Company Apr 2014 General Manager, Corporate Planning Department, Planning & Finance Headquarters Jan 2017 General Manager, Division 1, MC Business Headquarters Jan 2018 Deputy General Manager, Planning & Finance Headquarters Mar 2018 Executive Officer Jan 2021 General Manager, Planning & Finance Headquarters Jan 2024 General Manager, Planning & Finance Headquarters; concurrently General Manager, Financial Services Promotion Department Jan 2025 Assigned to President's Office Mar 2025 Full-time Audit & Supervisory Board Member (current)
1964-12-19
Seigo YONE
Audit & Supervisory Board Member
Apr 1981 Registered as attorney in Japan Mar 1987 Admitted to the New York State Bar Jul 1987 Joined Mori Sogo Law Office (now Mori Hamada & Matsumoto) Jan 1989 Partner, Mori Sogo Law Office Apr 2000 Lecturer, Graduate School of International Corporate Strategy, Hitotsubashi University Sep 2005 Outside Director, Bandai Namco Holdings Inc. Mar 2008 Outside Director, GCA Savvian Group Corporation (now Houlihan Lokey K.K.) Apr 2011 Vice President, Daini Tokyo Bar Association Jun 2011 Outside Audit & Supervisory Board Member, Bandai Namco Games Inc. (now Bandai Namco Entertainment Inc.) (current) Jun 2013 Outside Audit & Supervisory Board Member, Terumo Corporation Jun 2015 Outside Director (Audit and Supervisory Committee Member), Terumo Corporation Mar 2016 Outside Director (Audit and Supervisory Committee Member), GCA Corporation (now Houlihan Lokey K.K.) Mar 2019 Outside Audit & Supervisory Board Member of the Company (current) Dec 2019 Outside Director, Skymark Airlines Inc. (current) Jan 2020 Senior Counsel, Mori Hamada & Matsumoto Jan 2024 Partner, Yone & Yamagishi Law Office (current)
1954-07-08
Ayumi UJIHARA
Audit & Supervisory Board Member
Apr 1984 Joined Brother Industries, Ltd. Mar 1994 Joined Ito Audit Corporation Apr 2000 Joined Tokai Finance Bureau as Financial Securities Inspector Jul 2003 Joined Chuo Aoyama Audit Corporation Aug 2006 Joined Arata Audit Corporation (now PwC Japan LLC) Jul 2015 Partner, PwC Arata Audit Corporation (now PwC Japan LLC) Jul 2022 Principal, Ayumi Ujihara CPA Office (current) Mar 2023 Outside Audit & Supervisory Board Member of the Company (current) May 2023 Member, Kagayaki Audit Corporation (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Riken Vitamin Co., Ltd. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Makita Corporation (current) Jun 2025 Trustee, Tokai Gakuen School Corporation (current) Jul 2025 Director, Japanese Institute of Certified Public Accountants (current)
1961-09-12
Etsuko KOBAYASHI
Audit & Supervisory Board Member
Apr 1985 Joined Citibank, N.A., Tokyo Branch Feb 1994 Joined Goldman Sachs Japan Ltd. Oct 2000 Joined Goldman Sachs Asset Management Co., Ltd. Jun 2012 Director, Goldman Sachs Asset Management Co., Ltd. Apr 2015 Senior Managing Director, Goldman Sachs Asset Management Co., Ltd. Feb 2022 Representative Director, President, Goldman Sachs Asset Management Co., Ltd. Jan 2024 Representative Director, Chairman, Goldman Sachs Asset Management Co., Ltd. Jun 2025 Outside Director, Nissay Asset Management Corporation (current) Jun 2025 Outside Director, Sumitomo Mitsui Trust Bank, Limited (current) Mar 2026 Outside Audit & Supervisory Board Member of the Company
1961-07-18
Large Shareholding Reports
Silchester International Investors LLP
2026-10-13
7.59%→6.50%
Silchester International Investors LLP
2026-08-31
8.79%→7.59%
Amova Asset Management Co., Ltd.
2026-07-06
3.24%→3.31%
Nomura Asset Management Co., Ltd.
2026-03-06
7.09%→7.14%
Amova Asset Management Co., Ltd.
2026-02-05
3.14%→3.24%
Amova Asset Management Co., Ltd.
2026-01-21
3.14%→3.14%
Amova Asset Management Co., Ltd.
2026-01-08
3.05%→3.14%
BlackRock Fund Advisors
2025-12-18
1.66%→2.25%
Nomura Asset Management Co., Ltd.
2025-12-04
7.03%→7.09%
Nomura Asset Management Co., Ltd.
2025-10-22
6.93%→7.03%
Amova Asset Management Co., Ltd.
2025-10-21
3.04%→3.05%
Silchester International Investors LLP
2025-10-14
7.76%→8.79%
Nomura Asset Management Co., Ltd.
2025-10-06
6.71%→6.93%
Amova Asset Management Co., Ltd.
2025-10-06
3.01%→3.04%
Amova Asset Management Co., Ltd.
2025-09-19
3.01%→3.01%
Nikko Asset Management Co., Ltd.
2025-09-04
3.02%→3.01%
Nikko Asset Management Co., Ltd.
2025-08-06
2.86%→3.02%
Silchester International Investors LLP
2025-03-24
7.10%→7.76%
Silchester International Investors LLP
2025-02-05
6.08%→7.10%
Silchester International Investors LLP
2023-05-22
5.05%→6.08%
Silchester International Investors LLP
2023-01-17
5.05%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-08-31
Large Shareholding Report
EDINETAmended
2026-08-05
Amended Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2026-08-05
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2026-08-05
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2026-08-05
Amended Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2026-08-05
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-04
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-06
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-04-08
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2026-04-08
Amended Securities Registration Statement
EDINETAmended
2026-03-27
Amended Securities Registration Statement
EDINET
2026-03-25
Securities Registration Statement
EDINETAmended
2026-03-23
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2026-03-23
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-02-05
Large Shareholding Report
EDINET
2026-01-21
Large Shareholding Report
EDINET
2026-01-08
Large Shareholding Report
EDINETAmended
2025-12-19
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2025-12-19
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
TDnet
2025-11-05
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-10-22
Large Shareholding Report
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-10-14
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
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