Toyota Motor Regulatory News (TYT)

31 Jul 2007 09:00

Toyota Motor Corporation31 July 2007 (Translation) To Whom It May Concern: July 31, 2007 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 We hereby notify you that Tokyo Hino Motor Co., Ltd. ("Tokyo Hino"), asubsidiary of Toyota Motor Corporation ("TMC"), has decided to transfer a partof the business of Tokyo Hino's subsidiary, Kokusai Kankoubus Ltd. ("KokusaiKankoubus"), and thereafter dissolve Kokusai Kankoubus, as follows. 1. Name and Description of the Subsidiary to be Dissolved Trade Name: Kokusai Kankoubus Ltd. Location of Head Office: 1-5-7, Toshin-cho, Itabashi-ku, Tokyo Name of Representative: Shigeto Shinohara, Representative Director and President Contents of Business: Contracted omnibus operation Established: February 1953 Capital: JPY 200,000,000 Total Assets: JPY 611,000,000 (as of March 31, 2007) Number of Employees: 106 persons Major Clients: NIPPON TRAVEL AGENCY CO., LTD., Meitetsu World Travel Inc., NIPPON EXPRESS CO., LTD., etc. Shareholder Composition: Tokyo Hino 93.35% (Tokyo Hino is a subsidiary of Hino Motors, Ltd. ("Hino"), a subsidiary of TMC. Hino holds 99.97% of shares of Tokyo Hino.) Individual shareholders (4 persons) 6.65% Business Performance (Fiscal year ended March 31, 2007): Net sales: JPY 1,275,000,000 Ordinary income: JPY - 63,000,000 2. Reason for Dissolution Kokusai Kankoubus will be dissolved after transferring a part of itsbusiness in order to improve the business efficiency of the TMC group. 3. Schedule for Dissolution Kokusai Kankoubus will be dissolved promptly after the business transfer.The business transfer is scheduled to take place on October 31, 2007. 4. Effects on Consolidated Sales and Earnings of TMC The effects of the dissolution of Kokusai Kankoubus on TMC's businessperformances are expected to be minor. This information is provided by RNS The company news service from the London Stock Exchange