Yamaha Motor Co., Ltd. - Public Announcement by the Ministry of Land, Infrastructure, Transport and Tourism regarding Testing and Certification Applications
July 02, 2024 at 06:54 pm IST
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Yamaha Motor Co., Ltd. (Tokyo: 7272) sincerely apologizes to our customers, suppliers, and other stakeholders for damaging their trust in the Company due to our recent inappropriate handling of motorcycle testing and certification applications.
On June 28, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced its directives regarding this incident, confirmed our compliance with standards, and ordered the lifting of its suspension of shipments of a Yamaha Motor vehicle currently in production. The ministry's directives instructed Yamaha Motor to implement the preventive measures we formulated based on the results of their on-site inspection and to report on the status of those measures every six months for the time being.
The ministry also confirmed that the three models that were subject to inspection (YZF-R1, YZF-R3, TMAX) are in compliance with standards, and accordingly, Yamaha Motor will promptly resume shipments of the model currently in production (YZF-R1) from today onward as soon as preparations are complete.
We take the ministry's directives very seriously and will strive to prevent a recurrence of such incidents in the future.
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).
Yamaha Motor Co., Ltd. - Public Announcement by the Ministry of Land, Infrastructure, Transport and Tourism regarding Testing and Certification Applications