Management PolicyMedium-Term Management Plan

  Yamaha Corporation has formulated its new management plan "Yamaha Management Plan 2016 (YMP2016)" that will cover the three-year period beginning in April 2013. YMP2016 sets forth Yamaha's basic management policies, key strategies, and its numerical targets.

  Yamaha has positioned the three years under YMP2016 as the first stage of the "quantum leap phase" of its development. During this stage, Yamaha will secure growth in its existing businesses and make active investments to attain the numerical targets of the next stage, which will be consolidated net sales of ¥500 billion and operating income of ¥50 billion.