YAMAHA TAKES OVER YAMAHA (CANADA) IN A BLOODLESS COUP
Official MXA translation: “Today’s meeting of the Board of Directors of Yamaha Motor Co., Ltd. (the Company) voted to transfer all shares in the Canadian subsidiary, Yamaha Motor Canada Limited, to the U.S. subsidiary, Yamaha Motor Corporation, U.S.A. Profits from the sale of shares in the subsidiary will be recorded as extraordinary profits in the Company’s financial statement for the period ending December 2011 (January 1, 2011 – December 31, 2011). The share transfer will have no impact on consolidated business performance.”
What does this mean? Not much. In an effort to restructure itself more efficiently, Yamaha Motor Canada will become a subsidiary of Yamaha Motor USA. This makes Yamaha Canada one of Yamaha USA’s ten subsidiaries, and should not have any impact on what consumers in either the US or Canadian market experience.