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Announcement of Organizational and Personnel Changes

December 27, 2006

Yamaha Motor Co., Ltd. will adopt organizational and personnel changes, as described below, effective January 1, 2007.

1. Organizational changes

Motorcycle Headquarters

In order to further strengthen competitiveness, the previous organizational system, which classified internal functions by business segment (such as the motorcycle business and the commuter vehicle business), has been revamped. The newly adopted system will concentrate and integrate the functions into eight organizations -- Quality Assurance Operations, Planning Operations, Marketing Operations, Sales Operations, Product Development Operations, Engineering Operations, SyS Operations and Procurement Operations.

(1)

To further improve product quality, the Quality Assurance Division will be upgraded and named Quality Assurance Operations. Under the Quality Assurance Operations umbrella, a Quality Assurance Division will be established and the current Quality Innovation Division will be transferred from Engineering Operations.

(2)

The sales functions of MC Business Operations, CV Business Operations and China Business Operations will be integrated into the newly established Sales Operations. Three divisions will be organized within Sales Operations -- the 1st Sales Division, 2nd Sales Division and 3rd Sales Division -- while the current Service Division will be transferred from Marketing Operations.

(3)

The Engineering Divisions in MC Business Operations and CV Business Operations will be integrated into the newly established Product Development Operations, which will have several constituent groups: the 1st Body Development Division, 2nd Body Development Division, Engine Development Division, Product Testing Division and EV Engineering Division. The current Component Development Division will be transferred from Engineering Operations.

(4)

Pursuant to the organizational changes described in (2) and (3) above, MC Business Operations, CV Business Operations and China Business Operations will be dissolved.

(5)

The Overseas Production Division in CV Business Operations will be transferred to SyS Operations.

Name Change

The CSR Supervisory Division will be renamed the Internal Control Auditing Division.

2. Changes in official duties of Directors (effective January 1, 2007)

(Name)
(New post)
(Current post)
Takashi Kajikawa President and Representative Director, in charge of Brand Promotion, and Chief General Manager of Motorcycle Headquarters President and Representative Director, in charge of Brand Promotion
Tsuneji Togami Senior Managing Director and Representative Director, in charge of Technology and Manufacturing, and President of IM Company Senior Managing Director and Representative Director, in charge of Technology and Manufacturing, Chief General Manager of Motorcycle Headquarters, and President of IM Company
Hiroyasu Miyao Managing Director in charge of Public Affairs (Tokyo Office) Managing Director in charge of Public Affairs (Tokyo Office) and General Manager of the Tokyo Office
Wataru Suzuki Director in charge of Corporate Quality Assurance Director, Senior General Manager of CV Business Operations, Motorcycle Headquarters, and Senior General Manager of the Asian Headquarters
Shinji Terashita Director and Senior General Manager of Quality Assurance Operations, Motorcycle Headquarters Director and Senior General Manager of MC Business Operations, Motorcycle Headquarters

3. Personnel changes in Executive offices (effective January 1, 2007)

(Name)
(New post)
(Current post)
Akira Araki Executive Officer and Senior General Manager of Product Development Operations, Motorcycle Headquarters Executive Officer and Senior General Manager of SyS Operations, Motorcycle Headquarters
Osamu Hayata Executive Officer and Senior General Manager of Internal Control Auditing Division Executive Officer and Senior General Manager of CSR Supervisory Division
Tadakazu Ishibashi Executive Officer, in charge of special issues for ME Company Executive Officer and General Manager of the Human Resources Development Division

4. Personnel changes involving senior general managers and general managers
(effective January 1, 2007)

(Name)
(New job)
(Current job)
Takahiko Takeda Senior General Manager of Sales Operations, Motorcycle Headquarters, Senior General Manager of the Asian Headquarters, Chairman of Yamaha Motor Vietnam Co., Ltd. President and Chairman of Yamaha Motor Vietnam Co., Ltd., and President of Yamaha Motor Parts Manufacturing Vietnam Co., Ltd.
Hiroyuki Yanagi Senior General Manager of SyS Operations, Motorcycle Headquarters, and head of the China business, Motorcycle Headquarters Senior General Manager of China Business Operations
Hatsuo Onozawa Senior Manager of Overseas Market Development Operations Senior General Manager of Overseas Market Development Operations, and General Manager of the Administration & Planning Division, Overseas Market Development Operations
Hajime Yamaji Senior General Manager of Overseas Market Development Operations, General Manager of the Russia Division, Overseas Market Development Operations, and General Manager of the Administration & Planning Division, Overseas Market Development Operations General Manager of the Sales Division, MC Business Operations, Motorcycle Headquarters
Yoshiaki Hashimoto General Manager of the Human Resources Development Division General Manager of the RV Sales & Marketing Division, RV Company
Hiromi Usui General Manager of the Tokyo Office Senior Manager of the Tokyo Office
Yoshinori Suzuki Senior Manager of Quality Assurance Operations, Motorcycle Headquarters General Manager of the Quality Assurance Division, Motorcycle Headquarters
Kiyoshi Ishii General Manager of the Quality Assurance Division, Quality Assurance Operations, Motorcycle Headquarters General Manager of the Quality Innovation Division, Engineering Operations, Motorcycle Headquarters
Kenichi Nonogawa General Manager of the Quality Innovation Division, Quality Assurance Operations, Motorcycle Headquarters Manager of the MC Engineering Division, MC Business Operations, Motorcycle Headquarters
Michifumi Matoba General Manager of the 1st Sales Division, Sales Operations, Motorcycle Headquarters General Manager of the Sales Division, CV Business Operations, Motorcycle Headquarters
Yoshihiko Takahashi General Manager of the 2nd Sales Division, Sales Operations, Motorcycle Headquarters Vice-President of Yamaha Motor Europe N.V., the Netherlands
Yasushi Oda General Manager of the 3rd Sales Division, Sales Operations, Motorcycle Headquarters General Manager of the Business Planning Division, China Business Operations
Akihisa Kato General Manager of the Service Division, Sales Operations, Motorcycle Headquarters General Manager of the Service Division, Marketing Operations, Motorcycle Headquarters
Toshinori Kuromoto General Manager of the 1st Body Development Division, Product Development Operations, Motorcycle Headquarters General Manager of the Engineering Division, CV Business Operations, Motorcycle Headquarters
Masayuki Hashimoto General Manager of the 2nd Body Development Division, Product Development Operations, Motorcycle Headquarters General Manager of the MC Engineering Division, MC Business Operations, Motorcycle Headquarters
Makoto Shimamoto General Manager of the Engine Development Division, Product Development Operations, Motorcycle Headquarters Manager of the MC Engineering Division, MC Business Operations, Motorcycle Headquarters
Etsuo Matsuki General Manager of the Product Testing Division, Product Development Operations, Motorcycle Headquarters Manager of the MC Engineering Division, MC Business Operations, Motorcycle Headquarters
Masakazu Nakamichi General Manager of the EV Engineering Division, Product Development Operations, Motorcycle Headquarters General Manager of the EV Engineering Division, MC Business Operations, Motorcycle Headquarters
Norio Hayashi General Manager of the Component Development Division, Product Development Operations, Motorcycle Headquarters General Manager of the Component Development Division, Engineering Operations, Motorcycle Headquarters
Riuji Kawashima General Manager of the Overseas Production Division, SyS Operations, Motorcycle Headquarters General Manager of the Overseas Production Division, CV Business Operations, Motorcycle Headquarters
Tatsuo Makino General Manager of the 2nd Factory, SyS Operations, Motorcycle Headquarters General Manager of the Casting Business Promotion Division, SyS Operations, Motorcycle Headquarters
Kazuya Kinpara General Manager of the Production Control Division, SyS Operations, Motorcycle Headquarters, and General Manager of the Casting Business Promotion Division, SyS Operations, Motorcycle Headquarters General Manager of the Production Control Division, SyS Operations, Motorcycle Headquarters
Yukio Kouzen General manager of the Marin Parts and Accessories Sales Division, Marine Operations Y’s Gear Co., Ltd.
Akira Kurata Senior Manager of Automotive Operations General Manager of the 1st Engineering Division, Automotive Operations
Atsushi Suzuki General Manager of the 1st Engineering Division, Automotive Operations Manager of the Engineering Division, Automotive Operations
Masayoshi Toyama Senior Manager of Overseas Market Development Operations General Manager of the Africa, Caribbean & South Pacific Division, Overseas Market Development Operations
Akihiko Ijima General Manager of the Africa, Caribbean & South Pacific Division, Overseas Market Development Operations Manager of the North Africa Group, Africa, Caribbean & South Pacific Division, Overseas Market Development Operations
Michiyuki Ishida Senior Manager of Overseas Market Development Operations General Manager of the Russia Division, Overseas Market Development Operations
Hiroshi Oosumi General Manager of the Parts and Accessories Engineering Division, Parts Operations Manager of the Area Marketing Division, Parts Operations
Haruo Takahashi General Manager of Domestic Sales & Marketing Division, Parts Operations Senior Manager of the Business Planning Division, Parts Operations
Akihisa Shimizu General Manager of the Overseas Marketing Division, Parts Operations General Manager of the Area Marketing Division, Parts Operations
Mutsuhito Kojima General Manager of the RV Sales & Marketing Division, RV Company Manager of the Marketing Group, RV Sales & Marketing Division, RV Company
Takaharu Ishima Manager of the RV Engineering Division, RV Company General Manager of the RV Engineering Division, RV Company
Yoshihiro Ono General Manager of the RV Engineering Division, RV Company Manager of the RV Engineering Division, RV Company
Tsutomu Osakabe Senior Manager of the Business Projects Division, IM Company General Manager of the Business Projects Division, IM Company
Osamu Ishioka General Manager of the Business Projects Division, IM Company Manager of the Business Projects Division, IM Company

5. Personnel changes in group companies (Effective January 1, 2007)

(Name)
(New job)
(Current job)
Masaki Asano President of Yamaha Motor Vietnam Co., Ltd. Director of PT. Yamaha Motor Kencana Indonesia
Katsuaki Watanabe President of Yamaha Motor Parts Manufacturing Vietnam Co., Ltd and Director of Yamaha Motor Vietnam Co., Ltd. Director of Yamaha Motor Vietnam Co., Ltd.
Shigeo Hayakawa Vice-President of Yamaha Motor Europe N.V., the Netherlands President of Yamaha Motor Italia S.p.A.
Hiromu Murata President of Yamaha Motor Italia S.p.A. Manager of the Marketing Promotion Group, Sales Division, MC Business Operations, Motorcycle Headquarters
Kazumasa Atsumi Hamakita Industries, Ltd., Japan President of Chongqing Jianshe Yamaha Motor Co., Ltd., China
Yukikazu Matsushita President of Chongqing Jianshe Yamaha Motor Co., Ltd., China General Manager of the 2nd Factory, SyS Operations, Motorcycle Headquarters
Toshimitsu Oikawa Yamaha Motor Powered Products Co., Ltd. General Manager of the Power Products Division, RV Company

* Abbreviations:
SyS: System Supplier
MC: Motorcycle
CV: Commuter Vehicle
EV: Electric Vehicle
CSR: Corporate Social Responsibility
IM: Intelligent Machinery
ME: Marine Engine
RV: Recreational Vehicle
EG: Engine

* Major business lines of group companies:
Yamaha Motor Vietnam Co., Ltd.: Manufacture and marketing of motorcycles in Vietnam
Yamaha Motor Parts Manufacturing Vietnam Co., Ltd.:
        Manufacture of motorcycle parts in Vietnam
PT. Yamaha Motor Kencana Indonesia: Sales consulting for motorcycles in Indonesia
Yamaha Motor Italia S.p.A.: Manufacture and marketing of motorcycles in Italy
Hamakita Industries, Ltd.: Manufacture of parts for motorcycles and other products in Japan
Chongqing Jianshe Yamaha Motor Co., Ltd.: Manufacture of motorcycles in China
Y’s Gear Co., Ltd.: Development and sales of peripheral accessories in Japan
Zhuzhou Yamaha Motor Shockabsorber Co., Ltd.: Manufacture of motorcycle parts in China
Yamaha Motor Powered Products Co., Ltd.: Manufacture of Yamaha brand powered products
                                       (including all-terrain vehicles, golf cars and generators)

Basic Organization Chart

Current Organizational Chart

Current Organizational Chart

New Organizational Chart (effective January 1, 2007)

New Organizational Chart

* Abbreviations:
CSR: Corporate Social Responsibility
IT: Information Technology
MC: Motorcycle
CV: Commuter Vehicle
SyS: System Supplier
PAS: Power Assist System
RV: Recreational Vehicle
ME: Marine Engine
IM: Intelligent Machinery


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