Yamaha Motor plans to merge with its consolidated subsidiary Yamaha Motor Electronics Co which develops and sells electrical parts for motorcycles, outboard motors, electrically power-assisted bicycles etc.
The merger will have Yamaha Motor as the surviving entity and is targeted for completion in January 2025. According to the company, amidst the global movement toward decarbonisation, it has become necessary to invest resources toward the development of products that are compliant with emissions regulations and are environmentally friendly.
The purpose of this merger is to “accelerate our Monozukuri” (production) in the electronics field, to better secure human resources for electrical component work, and to further “fortify our purchasing power” in the electrical components industry.
In line with the company's medium-term management plan announced in February 2022, Yamaha Motor is working to expand the scale of its electrically power-assisted bicycle business.
It also plans to conduct R&D into new mobility fields and electrify its motorcycles and outboard motors. In order to accelerate requisite CASE (connectivity, autonomous, sharing and electrification) and carbon-neutral initiatives, the company will “strategically” use its management resources and strengthen relevant systems and structures.
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