Yamaha, the musical instruments and audio equipment maker, announced on the 26th that it will sell part of its shares in Yamaha Motor. After the sale, its stake will be 1.46% of total shares outstanding, nearly halving from the previous 2.84%. In line with its policy on strategic shareholdings, the company said it decided to sell "from the perspective of asset efficiency." The cooperative relationship under the common "Yamaha" brand will be maintained. The sale will be conducted via a block trade through a securities company, and the impact on consolidated earnings is expected to be minor.
Yamaha CorporationYamaha Corp sells part of its stake in Yamaha Motor to improve asset efficiency, with minor earnings impact.
Yamaha Motor Co., Ltd.Yamaha Corp sells stake, reducing ownership to 1.46%, but cooperative relationship maintained; impact on Yamaha Motor's operations minimal.
