|
|
 |
Yamaha to Establish Musical Instrument and AV Equipment Sales Subsidiary in Russia |
|
Yamaha Corporation (Yamaha), based on its recently announced medium-term business plan “Yamaha Growth Plan 2010” has decided to establish a sales subsidiary for musical instruments and AV equipment in the Russian market, where growth is anticipated in the coming years under stable political and economic conditions. Previously, Yamaha subcontracted its sales activities in this market to Russia-based importers, but going forward, the new sales subsidiary will play the principal role in promoting sales and building Yamaha’s position in the market to accelerate sales growth. |
|
 |
 |
|
|
| Outline of New Overseas Sales Subsidiary |
| Name of company |
: |
OOO Yamaha Music Russia (YMR) (Registered name: OOO Yamaha Music) (“OOO” stands for “private limited company” in Russian) |
| Location |
: |
Moscow, Russia |
| Items handled |
: |
Musical instruments, professional audio equipment, AV equipment, and operation of music schools |
| Paid-in capital |
: |
220 million rubles (100% invested by Yamaha) |
| Date of establishment |
: |
August 2007, with product imports to commence in October 2007 (All dates are scheduled) |
| Staffing |
: |
At the time of establishment: Approximately 20 (including five personnel seconded from Yamaha); Five years after establishment: Approximately 50 (including five personnel seconded from Yamaha) |
| Sales target |
: |
¥10 billion, three years after establishment |
|
|
|
|
|
|
|
|
 |
For further information, please contact
Yamaha Corporation
Public Relations Division,
Public & Investor Relations Group
TEL. +81-3-5488-6601
FAX. +81-3-5488-5060
|
|
|
|
|
|
|
