Toyota Motor Regulatory News (TYT)

25 Mar 2008 12:10

Toyota Motor Corporation25 March 2008 (Translation) March 25, 2008 To Whom It May Concern: Company Name: Hino Motors, Ltd. Name and Title of Representative: Shoji Kondo, President (Code Number: 7205 The first sections of the Tokyo Stock Exchange and the Nagoya Stock Exchange) Name and Title of Contact Person: Toshihisa Sakaki General Manager, Corporate Communications Department, Corporate Planning Division Telephone Number: 03-5419-9320 (The Parent Company of Hino Motors, Ltd.) Company Name: Toyota Motor Corporation Name and Title of Representative: Katsuaki Watanabe, President (Code Number: 7203 Securities exchanges throughout Japan) Notice Concerning Amendments to the Business Projections for the Fiscal Year 2008 Based on recent business performance of Hino Motors, Ltd. (the "Company"), wehereby announce the following amendments to the business projections previouslydisclosed on October 31, 2007, upon the announcement of the financial statementsfor the first half of the Fiscal Year 2008, for the Fiscal Year 2008 (from April1, 2007 to March 31, 2008), as follows: 1. Amendments to the prospective figures for the consolidated business performance for Fiscal Year 2008 (from April 1, 2007 to March 31, 2008). (In millions of yen) Net revenues Operating Ordinary income Net income incomePrevious projections (A) 1,340,000 44,000 40,000 22,000 New projections (B) 1,360,000 46,000 40,000 22,000Amount changed 20,000 2,000 - - (B - A)% of change 1.5% 4.5% -% -%(Reference) 1,287,668 36,701 36,841 20,059 Actual results for the Fiscal Year 2007 2. Amendments to the prospective figures for the non-consolidated business performance for Fiscal Year 2008 (from April 1, 2007 to March 31, 2008) (In millions of yen) Net revenues Operating Ordinary Net income income income Previous projections (A) 1,000,000 27,000 29,000 18,000 New projections (B) 1,030,000 30,000 29,000 4,500 Amount changed 30,000 3,000 - -13,500 (B - A) % of change 3.0% 11.1% -% -75.0% (Reference) 976,683 25,910 28,658 16,501 Actual results for the Fiscal Year 2007 3. Reasons for the Amendments Among the figures for the consolidated business performance for Fiscal Year2008, net revenues and operating income are expected to increase from thepreviously announced projected figures, due to factors such as an increase inoverseas sales, including in Indonesia, Vietnam and Latin America. The figuresfor ordinary income and net income are expected to be as announced previously,since non-operating expenses may increase due to the impact of currency exchangelosses from the rising yen. As for the non-consolidated business performance, the figures for net revenuesand operating income are expected to increase from the previously announcedprojected figure for the same reasons as those for the amendments to theconsolidated business performance stated above. Moreover, for the same reasonsas for the consolidated figures, the figure for ordinary income is expected tobe as announced previously. The figure for net income is expected to fall belowthe previously announced projected figure reflecting the impairment loss of thestock in a U.S. subsidiary whose financial position deteriorated. Thisdeterioration was caused by the rapid decrease of the subsidiary's sales volumein the United States due to the impact of the U.S. market slump. (Note) The prospective figures for the business performance stated aboveare based upon information that is currently in the Company's possession andupon certain premises that the Company deems reasonable. The Company's actualfuture performance or other similar results could differ materially from thosediscussed above, due to various factors. This information is provided by RNS The company news service from the London Stock Exchange