Notice Regarding Stock Repurchase and Cancellation of Treasury Stock
February 14, 2024
IWATA, February 14, 2024 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that, at the meeting of the Board of Directors held today, the following items related to the repurchase of its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan, and the cancellation of a part of its treasury stock in accordance with Article 178 of the Companies Act were resolved. Details of the repurchase and cancellation are as follows:
1. Reason for Stock Repurchase
2．Details of Repurchase
3. Details of cancellation
(Reference)
In principle, the maximum total number of shares of treasury stock to be held is 5% of the total number of shares outstanding, and any excess shares will be cancelled each fiscal year.
Status of treasury shares held as of December 31, 2023:
*Effective January 1, 2024, the Company conducted a 3-for-1 stock split of shares of common stock, and the number of shares shown above is the number of shares after taking such stock split into consideration.
■Contact us from the Press
Corporate Communication Division, PR group: +81-538-32-1145
■News Center: https://global.yamaha-motor.com/news/
1. Reason for Stock Repurchase
2．Details of Repurchase
3. Details of cancellation
(Reference)
In principle, the maximum total number of shares of treasury stock to be held is 5% of the total number of shares outstanding, and any excess shares will be cancelled each fiscal year.
Status of treasury shares held as of December 31, 2023:
Total number of outstanding shares, excluding treasury shares : 991,643,778 shares
Number of treasury shares : 59,008,623 shares
Number of treasury shares : 59,008,623 shares
■Contact us from the Press
Corporate Communication Division, PR group: +81-538-32-1145
■News Center: https://global.yamaha-motor.com/news/
