Notice of Revision to Year‑End Dividend Forecast for Fiscal Year Ending December 2026 (Dividend Increase)

Dividend Policy and Details of the Revision

Yamaha Motor Co., Ltd. targets a total shareholder return ratio of 40% or more over the medium‑term plan and aims to provide stable and continuous dividends while considering earnings prospects and future investments. Today, the company resolved to revise the year‑end dividend forecast for the fiscal year ending December 2026 to 35.00 yen per share (an increase of 10.00 yen from the previous forecast). As a result, the annual dividend forecast is expected to be 60.00 yen per share.

Background and Future Outlook

Based on the achievement status of the full‑year forecasts announced on August 4, 2026, and taking into account growth prospects and cash flow conditions, the company has confirmed a policy to enhance shareholder returns. This revision reflects strengthened shareholder returns through a dividend increase and is part of the company’s policy to continue stable dividends. Assuming future growth investments and maintenance of financial soundness, the company expects to maintain an appropriate dividend level.