Yamaha Corporation
History
History
The headquarters of Yamaha Corporation
Yamaha was established in 1887 as a piano and reed organ manufacturer by Torakusu Yamaha as Nippon Gakki Company, Limited (, Nippon Gakki Seiz Kabushiki Gaisha?) (literally Japan Musical Instrument Multinational Corporation) in Hamamatsu, Shizuoka prefecture, and was incorporated on October 12, 1897. The company's origins as a musical instrument manufacturer is still reflected today in the group's logo trio of interlocking tuning forks.
After World War II, company president Genichi Kawakamisaki repurposed the remains of the company's war-time production machinery and the company's expertise in metallurgical technologies to the manufacture of motorcycles. The YA-1 (AKA Akatombo, the "Red Dragonfly"), of which 125 were built in the first year of production (1958), was named in honor of the founder. It was a 125cc, single cylinder, two-stroke, street bike patterned after the German DKW RT125 (which the British munitions firm, BSA, had also copied in the post-war era and manufactured as the Bantam and Harley-Davidson as the Hummer). In 1959, the success of the YA-1 resulted in the founding of the Yamaha Motor Co., Ltd.
Yamaha has grown to become the world's largest manufacturer of musical instruments (including pianos, "silent" pianos, drums, guitars, brass instruments, woodwinds, violins, violas, celli, vibraphones, and saxophones), as well as a leading manufacturer of semiconductors, audio/visual, computer related products, sporting goods, home appliances, specialty metals, and industrial robots.[citation needed]
In October 1987, on its 100th anniversary, the name was changed to The Yamaha Corporation.
In 1989, Yamaha shipped the world's first CD recorder.[chronology source needed] Yamaha purchased Sequential Circuits in 1988[chronology source needed] and bought a significant share (51%) of competitor Korg in 19891993.
In 2002, Yamaha closed down its archery product business that was started in 1959. Six archers in five different Olympic Games won gold medals using their products.
It acquired German audio software manufacturers Steinberg in 2004, from Pinnacle Systems.
In July, 2007, Yamaha bought out the minority shareholding of the Kemble family in Yamaha-Kemble Music (UK) Ltd, Yamaha's UK import and musical instrument and professional audio equipment sales arm, the company being renamed Yamaha Music U.K. Ltd in autumn 2007. Kemble & Co. Ltd, the UK piano sales & manufacturing arm was unaffected.
On December 20, 2007, Yamaha made an agreement with the Austrian Bank BAWAG P.S.K. Group BAWAG to purchase all the shares of Bsendorfer, intended to take place in early 2008. Yamaha intends to continue manufacturing at the Bsendorfer facilities in Austria.The acquisition of Bsendorfer was announced after the NAMM Show in Los Angeles, on January 28, 2008. As of February 1, 2008, Bsendorfer Klavierfabrik GmbH operates as a subsidiary of Yamaha Corp.
Yamaha Corporation is also widely known for their music teaching programme that began in the 1980s.
Yamaha electronic pianos continue to be a successful, popular and respected product. For example the Yamaha YPG-625 was given the award "Keyboard of the Year" and "Product of the Year" in 2007 from The Music and Sound Retailer magazine .
Other companies in the Yamaha group include:
Bsendorfer Klavierfabrik GmbH, Vienna, Austria.
Yamaha Motor Company
Yamaha Fine Technologies Co., Ltd.
Yamaha Livingtec Corporation
Yamaha Metanix Corporation
Yamaha Pro Audio
Corporate mission
Kand (?) is a Japanese word, used by Yamaha to describe their corporate mission. Kand in translation describes the sensation of profound excitement and gratification derived from experiencing supreme quality and performance.
Products
Main article: List of Yamaha products
Sports teams
Yamaha Jubilougby
References
^ http://www.global.yamaha.com/ir/publications/pdf-data/2009/fin/fd-2009.pdf
^ "YAMAHA to Close Archery Products Business". 2002-02-01. http://www.global.yamaha.com/news/2002/20020201.html. Retrieved 2008-04-30.
^ Cancellation of Joint Venture Contracts for Sales Subsidiaries in U.K. and Spain, Yamaha Global website, July 10, 2007
^ Yamaha buys out Kemble family, MI Pro, July 10, 2007
^ Competition For Bosendorfer.
^ Yamaha Reaches Basic Agreement with Austrian Bank to Purchase All Shares of Bsendorfer, Yamaha Global website, December 20, 2007
^ Business Week. March 3, 2008. Bosendorfer Klavierfabrik GmbH.
^ Yamaha Motor UK Yamaha Corporate Mission.
External links
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