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Yamaha Motor Starts Efforts Towards Merger Of LLV Subsidiary
Regarding the transfer of business functions and commencement of merger discussions at Yamaha Motor Power Products' LLV business.
Yamaha Motor Power Products Co., Ltd. (YMPC), a consolidated subsidiary of Yamaha Motor Co., mainly engages in the development, manufacturing, and sales of golf carts, land leisure vehicles (LLVs), etc. located in Kakegawa City, Shizuoka Prefecture, Japan. Yamaha Motor Co. has begun considering a merger with YMPC, with the aim of completing the merger by January 2027. Prior to this, the business functions related to LLVs at YMPC, including development, business planning, product planning, sales, service, etc., will be integrated in 2025.
New product "JWG-1" of wheelchair motorization unit released - Full model change for the first time in about 10 years. Starting with the Japanese market, it will be gradually introduced to various countries including Europe and the United States.
Yamaha Motor Co., Ltd. has developed a new product, the electric wheelchair conversion unit "JWG-1", and will start domestic sales in January 2025. In addition to Japan (scheduled for April) and the USA (scheduled for September), they are also planning to introduce it to markets in various countries around the world. The full model change of the electric wheelchair conversion unit is the first in about 10 years since the 2015 "JWX-1 PLUS+" and "Joyy Unit X PLUS+". The electric wheelchair conversion unit can be retrofitted to manual wheelchairs.
Three key points to focus on in the morning session ~ Observing the resilience at 38,000 yen and the market development ~
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Yokohama opens the collaborative space "Ridge Lab" ~ Utilizing it as a base for creating collaboration inside and outside the company, and considering the regeneration of natural capital ~
Yamaha Motor Corporation opened the co-creation space 'YAMAHA MOTOR Regenerative Lab (commonly known as Rijerabo)' on the 9th floor of the WEST building of 'YOKOHAMA SYMPHOSTAGE(TM)' in Block 53 of the central district 21 of Minato Mirai, Yokohama on October 25th (gold), aiming to create a base where empathy circulates and co-creation continues to flourish. The concept includes workshops.
Three points to focus on in the morning session - Will nidec corporation sponsored adr's earnings reaction lead to sentiment improvement?
In the morning session of the 24th, the following three points are worth paying attention to: - Will Nidec's financial results reaction lead to sentiment improvement? - Nidec, 2Q operating profit increased by 4.9% to 121 billion yen - Morning focus materials: Mitsubishi Heavy Industries, assembly automation of aircraft engines and combustors to be introduced at the Nagasaki factory within the year Will Nidec's financial results reaction lead to sentiment improvement? The Japanese stock market on the 24th seems to be developing a market trend to assess the firmness of the Nikkei average stock price around 38,000 yen despite the prevailing sell-off pressure.
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