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Yamaha Corp sells a sizeable portion of Yamaha Motor

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On November 28th the board of directors of Yamaha Corporation decided to sell off 8,000,000 shares of Yamaha Motor Co, LTD.

If that sounds a little confusing, let me explain. Yamaha Corporation is a conglomerate and hold multiple companies under its brand name, most notably being musical instruments. However the motorcycle division actually broke off in 1955 to form the independent Yamaha Motor Co LTD. While they are separate entities, Yamaha Corporation and Yamaha Motor Co have worked together and share the same “brand.” Make sense? Good, let’s move on…

Yamaha Corporation has also held a controlling portion, which is considered 10% or more, of Yamaha Motor Co LTD, until the sale. Prior to the sale, Yamaha Corporation held 42,642,790 shares or roughly 12.22% of the voting rights of all shareholders. With the recent sale, the companies new share holder percentage drops to 9.93%, which removes them from the title of majorshareholder. Per the announcement “The Company will maintain cooperative relationships with Yamaha Motor. However, on the other hand, as a result of consideration from various points of view, including capital efficiency, the Company has decided to reduce its holdings of Yamaha Motor shares to a level where the Company will not be included among major shareholders”

The 8 million shares will be sold to securities companies, and presumably, then offered to the public on the market. The company also released an “Announcement of Revisions in the Outlook for Performance” to adjust for the sale. In it the announcement states “As a result, the Company will report extraordinary income due to a gain on the sale of investment securities amounting to about ¥26.0 billion and increases in income tax expense. As a consequence, net income attributable to owners of the parent will increase about ¥18.0 billion.”

Yamaha Corporation doesn’t provide a reason for the sale other than “the two companies think that they can increase corporate value in the medium-to-long term to maintain and further increase the value of the Yamaha brand”, which doesn’t tell us much.

What does this mean for Yamaha Motor Co LTD? Well it means some other sharehoders will have controlling vote of the companies decisions. Whether that’s good, bad or indifferent is speculative.

If you wish to read the reports for yourself, here they are:
Announcement of the Sale of a Portion of Yamaha Corporation’s Holdings of the Shares of Yamaha Motor Co., Ltd.

They make perfect bedtime reading.

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Harley-Davidson release two new, old Sportsters

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New Harley Iron 1200 and Forty-Eight Special come with new graphics, chrome and high bars.

There are a lot of new motorcycles coming out of the Harley-Davidson stable – at least one hundred by 2027 in fact, so we can expect a frequent flow of model revisions and changes to be revealed over the coming months and years.

The two new bikes announced today by Harley aren’t hugely new or exciting – but the new graphics are pretty sweet and ape-hanger bars are always worth clinging onto.

‘Since its inception, the Sportster has offered the perfect combination of size, power and character that makes it appealing to so many different riders’ -Brad Richards, Harley-Davidson V.P. of Styling & Design.

The Harley Sportster was introduced in 1957 and has now hit somewhere in the region of 30 varying production models. Along that time owners have got pretty used to stripping their bikes down and customising/re-inventing them. It’s this fact that Harley say they’ve used as inspiration for their two, new machines.

The Forty-Eight Special comes with a tiny 10 litre tank, new, steamroller front-end and 8 inch high Tallboy handlebars. Compared to the regular Forty-Eight, there’s also a lot more chrome.

The Iron 1200 features a ‘fast-back’ café seat, mini-ape black handlebars and a glossy black fly screen. It’s also got more range with a 15 litre tank and fancy colour paint/graphics. There’s also a lot less chrome and a lot more black.

So that’s two more of the 100 bikes out of the way.  And a new electric just around the corner

 

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Harley-Davidson’s electric motorcycle will be a ‘Revelation’ (according to trademark filings)

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Harley-Davidson trademark casts revelatory eye into future of their electric motorcycle plans.

If you were to have said a year or so ago that arguably the world’s most famous motorcycle brand would be frequently linked with falling sales and financial woe then most people would have said that you were barking mad.

However, with recent stories of millennial woe and mounting board concern the immediate future of the famours Bar and Shield brand is far from certain.

With a commitment to releasing 100 new motorcycles over the next ten years however, the folks at Harley-Davidson motorcycles do at least seem to have a plan to tackle their problem, and – along with Indian Motorcycle – they are preparing to take that battle to uncharted territory.

Last month the news broke that Harley were looking to get their electric motorcycle out and onto the streets by the end of 2019 and now it would seem that we know a little more about what form that new electric technology might take. Or the name of it at least.

According to a recent trademark application filed with the United States Patent & Trademark Office then name that Harley Davidson will use to refer to their new electric drive-train technology will be ‘Revelation’.

The interpretation by our (genuine) friends over at Asphalt & Rubber is that this will not be the name of the final motorcycle however, but rather the name used to refer to the technology/motor itself.

We’re not sure if the final name of the electrified Harley will be that of the Livewire moniker attributed to its pre-production/concept that was produced as a test vehicle back in 2014, but the choice of ‘Revelation’ for the motor technology is an interesting one to say the least.

The company already uses similar sounding names for it’s Evolution’ and ‘Revolution X’ V-Twin engines, so ‘Revelation’ isn’t too far of a stretch for the imagination, but it’s certainly an interesting one…

The Book of Revelation in Christian faith is effectively an apocalyptic prophecy.

The notion that it will be the old, warhorse Harley-Davidson to be the first major manufacturer on course to release a production electric motorcycle could well be considered an event of almost biblical proportions.

Source: USPTO via Asphalt & Rubber

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