JIP To Plan To Buy Subsidiary Of Yamaha

Yamaha Corporation has announced that it has decided to begin negotiations regarding the transfer of Yamaha's holdings of shares in its wholly owned subsidiary Yamaha Livingtec Corporation (YLT) with Japan Industrial Partners, Inc.(JIP). YLT is a wholly owned subsidiary of Yamaha in the housing fixtures and equipment business, primarily engaged in the manufacturing and sale of system kitchens and system bathrooms. Under the current negotiation, JIP would invest in YLT and provide various forms of supports to expand the operation of YLT. The goal will be to reach a final agreement in spring 2010.