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Yamaha to Trim Stake in Yamaha Motor with 14 Million Share Sale

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Yamaha (TYO:7951) plans to sell 14 million shares of Yamaha Motor (TYO:7272), representing 1.37% of outstanding shares, at an undisclosed value, according to a Tokyo bourse filing on Wednesday.

The disposal will reduce the company's stake to 1.46% from 2.84%, with the trade scheduled for Aug. 27 and transfer on Aug. 31.

The company maintains cross-shareholdings only when they contribute to sustainable growth and enterprise value over the medium to long term.

Under IFRS accounting, the sale will have minimal impact on consolidated profit, though Yamaha will record a gain on securities sales as extraordinary income in its non-consolidated financial statements.

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