Hit by a demand slump in the United States and Europe, as well as restructuring costs, Yamaha booked a hefty net loss of 216 billion yen in 2009 and aims to break even this year.

The offering will mark the largest equity-based fund raising by a company in the auto sector since Mazda Motor's deal to procure 98 billion yen in October last year.

Players in the auto market have entered into a costly race to cope with the demand plunge in the United States, the world's largest market, as well as a shift in customer appetite toward environmentally-friendly products, including hybrid and electric vehicles.


Yamaha Motor to raise up to $812 million in share sale

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