Toyota Motor Regulatory News (TYT)

11 Jan 2007 08:30

Toyota Motor Corporation11 January 2007 (Translation) To Whom It May Concern: January 11, 2007 Company Name: TOYOTA MOTOR CORPORATION Name and Title of Representative: Katsuaki Watanabe, President(Code Number: 7203Securities exchanges throughout Japan)Name and Title of Contact Person: Takuo SasakiGeneral Manager, Accounting Division(Telephone Number: 0565-28-2121) Notice Concerning the Dissolution of a Subsidiary We hereby give notification that on January 11, 2007, Toyota Motor Corporation("TMC") determined to dissolve its subsidiary, TOYOTA VIGURU CO., LTD., asdescribed below. 1. Facts of TOYOTA VIGURU CO., LTD. Location: 27 Chiwari, 5 Otobe, Morioka-shi, Iwate Prefecture Representative: Toshiyuki Yasa Date of Incorporation: December 1970 Capital: 30,000,000 yen Shareholder Composition: IWATE TOYOTA CO., LTD.: 76.7% TOYOTA COROLLA MINAMI IWATE CO., LTD.: 23.3% Contents of Business: Inspection of vehicles for sale and vehicle transport services 2. Reason for Dissolution In order to achieve further efficiency on new car related operations for vehicledealers in Akita and Iwate area, Toyota Transportation Co., LTD, a subsidiary ofTMC, established TOYOTA TRANSPORTATION TOHOKU CENTER CO., LTD. in July 2006. Since the inspection of vehicles for sale and vehicle transport services whichhave been conducted by TOYOTA VIGURU CO., LTD. will be transferred to TOYOTATRANSPORTATION TOHOKU CENTER CO., LTD., TMC has determined to dissolve TOYOTAVIGURU CO., LTD. 3. Schedule for Liquidation Liquidation proceedings are scheduled to begin after January 11, 2007. 4. Anticipated Effects on the Business Performance The anticipated effects of the dissolution of TOYOTA VIGURU CO., LTD. on TMC's business performance are minor. This information is provided by RNS The company news service from the London Stock Exchange