Announcement of Personnel Changes

March 14, 2017

IWATA, March 14, 2017 — Yamaha Motor Co., Ltd. announces the following personnel changes.

Change in duties of Executive Officers

(Name)	(New position)	(Current position)
Hirofumi Usui	Executive Officer, Senior General Manager of Marine Business Section, Marine Business Operations and General Manager of Product Planning Division, Marine Business Section, Marine Business Operations (effective March 15, 2017)	Executive Officer, Senior General Manager of Marine Business Section, Marine Business Operations

Changes in group companies

(Name)	(New position)	(Current position)
Rokuro Atarashi	President and Representative Director of SUNWARD INTERNATIONAL, INC. (effective upon approval at the Ordinary General Meeting of Shareholders to be held on March 16, 2017)	SUNWARD INTERNATIONAL, INC.
Makoto Oguri	President and Representative Director of Yamaha Motor Support & Service Co., Ltd. and President and Representative Director of Yamaha Motor Assist Co., Ltd. (effective upon approval at the Ordinary General Meeting of Shareholders to be held on March 17, 2017)	President and Representative Director of Yamaha Motor Support & Service Co., Ltd.

Main businesses of the group companies referenced above;
・SUNWARD INTERNATIONAL, INC.: Export of expendable parts, tools, facility maintenance equipment, raw materials, import of parts for boats and sailing yachts, etc., motorcycle and automobile tires, etc.
・Yamaha Motor Support & Service Co., Ltd.: Health and welfare services for Yamaha Motor Co., Ltd., outsourcing business for factories, leasing and rental business, cafeteria management, employee dormitory management, sales of communications devices, construction & real estate business, insurance agency business, and sales of petroleum products.
・Yamaha Motor Assist Co., Ltd.: Personnel placement and outsourcing businesses