The Board of Directors of Yamaha Corporation, at its meeting held on April 28, 2016, decided on the changes in management, which will become effective after the Ordinary General Shareholders' Meeting on June 22, 2016: Masatoshi Ito to be appointed as Director replacing Yoshikatsu Ota. Thomas Schöpe, currently President and Director of Yamaha Music Europe GmbH will be appointed as Executive Officer. Masato Oike, Senior Executive Officer and Shinobu Kawase, Senior Executive Officer will be promoted to Managing Executive Officers.

Akira Iizuka, Executive Officer and Seiichi Yamaguchi, Executive Officer will be promoted to become Senior Executive Officers.