Toyota Motor Regulatory News (TYT)

24 Jan 2008 09:03

Toyota Motor Corporation24 January 2008 (Translation) January 24, 2008 To Whom It May Concern: Company Name: TOYOTA MOTOR CORPORATION Name and Title of Representative: Katsuaki Watanabe, President (Code Number: 7203 Securities exchanges throughout Japan) Name and Title of Contact Person: Takuo Sasaki General Manager, Accounting Division (Telephone Number: 0565-28-2121) Notice Concerning the Dissolution of a Subsidiary of a Subsidiary We hereby notify you that Central Motor Wheel Co., Ltd. ("CMW"), a subsidiary ofToyota Motor Corporation ("TMC"), has decided to dissolve CMW's subsidiary, asdescribed below. 1. Name and Summary of the Subsidiary of a Subsidiary to be Dissolved Trade Name: Chuo Seiki Corporate Services, Inc. Location: 2271 W. 205th Street, South 104, Torrance, CA 90501, U.S.A. Name of Representative: Tadahiko Yamamoto, President, CEO, CFO Content of Business: Sale of automobile-related products Date of Incorporation: February 23, 1995 Capital: USD 100,000 Total Assets: USD 495,000 (as of March 31, 2007) Number of Employees: 2 (as of March 31, 2007) Main Clients: Macpek, WD Wheel Shareholder Composition: CMW 100% (TMC holds 51.7% of shares of CMW.) Business Performances (Fiscal year ended March 31, 2007): Net Sales: USD 1,758,000 Operating Income: USD 292,000 Net Income: USD 122,000 2. Reason for the Dissolution Enhancement of management efficiency within the TMC group is contemplatedthrough the dissolution of the above-mentioned subsidiary of CMW. 3. Schedule for the Dissolution Dissolution is scheduled to take place on March 31, 2008 afterliquidation proceedings subsequent to the cessation of business operation. 4. Anticipated Effects on the Business Performance (Consolidated Sales andIncome) of TMC The anticipated effects of the dissolution of the above-mentionedsubsidiary of CMW on TMC's business performances are minor. This information is provided by RNS The company news service from the London Stock Exchange