|
|
 |
Notice of Merger of Domestic Musical Instrument Sales and Marketing Subsidiaries |
|
| Yamaha Corporation herein gives notice of its decision to merge two domestic wholly owned musical instrument sales and marketing subsidiaries, Yamaha Music Osaka Co., Ltd. (Location: 2-8-5 Shinsaibashi, Chuou-ku, Osaka, Japan; Representative Director: Youichi Yamada; Hereinafter: Yamaha Music Osaka), and Yamaha Music Kobe Co., Ltd. (Location: 2-7-3 Motomachidouri, Chuou-ku, Kobe, Japan; Representative Director: Eiichi Yamaguchi; Hereinafter: Yamaha Music Kobe), into a new company on July 1, 2007. |
|
 |
 |
|
|
| 1. Purpose of the Merger |
| (1) |
To strengthen the operating base to structure a more powerful business model that will attract additional customers, principally to retail shops and music schools in Osaka and Kobe |
| (2) |
To increase marketing efficiency through merger and integration and to attract and train personnel |
|
|
|
|
|
|
|
| 2. Type of Merger |
|
| Yamaha Music Osaka will be the surviving company in a purchase acquisition, and Yamaha Music Kobe will be dissolved. |
|
|
|
|
|
|
| 3. Overview of the New Company |
| Name |
: |
Yamaha Music Osaka Co., Ltd. |
| Location |
: |
2-8-5 Shinsaibashi, Chuou-ku, Osaka, Japan |
| Type of business |
: |
Musical instrument sales, music and English language school operations, etc. |
| Paid-in-capital |
: |
¥350 million (Yamaha Corporation to own 100%) |
| Representative Director |
: |
Youichi Yamada, President |
| Employees |
: |
194 |
| Date of merger |
: |
July 1, 2007 |
| Sales target |
: |
¥7.6 billion in its first fiscal year of business |
|
|
|
|
|
|
|
|
|
 |
For further information, please contact
Yamaha Corporation
Public Relations Division,
Public & Investor Relations Group
TEL. +81-3-5488-6601
FAX. +81-3-5488-5060
|
|
|
|
|
|
|
