Yamaha : Notice Concerning the Results of Acquisition of Treasury Stock through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
August 24, 2021 at 09:04 pm EDT
Share
August 25, 2021
For Immediate Release
Company Name: YAMAHA CORPORATION
President and Representative Executive Officer: Takuya Nakata
Code Number: 7951 (First Section of Tokyo Stock Exchange)
Notice Concerning the Results of Acquisition of Treasury Stock through Off-Auction Own
Share Repurchase Trading (ToSTNeT-3)
(Acquisition of Treasury Stock Pursuant to the Articles of Incorporation Based on the Provision of Article
165, Paragraph 2 of the Companies Act)
Yamaha Corporation (hereinafter, the Company) announces that the acquisition of treasury stock announced yesterday (August 24, 2021) was carried out today. The details are as follows.
Reason for acquisition of treasury stock
The objective is to improve shareholder returns and capital efficiency.
Type of shares acquired: Common stock of the Company
Total number of shares acquired: 2,467,100 shares
Acquisition cost: ¥6,390 per share (Total amount of acquisition: ¥15,764,769,000)
Acquisition date: August 25, 2021
Acquisition method: Purchase through the Tokyo Stock Exchange's Off-Auction Own Share Repurchase Trading
(Reference)
Details of resolution concerning the acquisition of treasury stock (announced on August 23, 2021)
Type of shares to be acquired: Common stock of the Company
Total number of shares to be acquired: 6,000,000 shares (maximum)
(Representing 3.4% of outstanding shares, excluding treasury shares)
Total amount of acquisition: ¥28.0 billion (maximum)
Acquisition period: August 24, 2021 to February 28, 2022
Acquisition method: Purchase on the Tokyo Stock Exchange market (Including Off-Auction Own Share Repurchase Trading (ToSTNeT-3))
Total number of treasury shares acquired since the above Board of Directors meeting and total amount of acquisition cost
Total number of shares acquired: 2,467,100 shares
Total amount of acquisition cost: ¥15,764,769,000
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For further information, please contact: Yamaha Corporation
Corporate Communications Division, Media Relations Group
Yamaha Corporation published this content on 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 01:03:05 UTC.
Yamaha Corporation is a diversified group organized around 4 areas of activity:
- design and manufacturing of music instruments (64.1% of net sales): pianos, digital music instruments, wind instruments, string instruments, percussion instruments, music software, etc. The group is also providing training services in music and English language;
- production of audio and IT equipments (27.9%): loud speakers, online karaoke equipments, routers, conference systems, etc.;
- other (8%): sale of electronic equipments, golf products, automotive interior components, etc.
Net sales are distributed geographically as follows: Japan (29%), North America (20%), Europe (20%), China (16%) and others (15%).
YAMAHA CORPORATION 
