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30 Jul 2008 07:00
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[Translation]
JulyΒ 30, 2008
To Whom It May Concern:
Company Name:Β TOYOTA AUTO BODY CO., LTD.
Name and Title of Representative:
Toshio Mizushima,Β President
(Code Number: 7221
Tokyo Stock Exchange and Nagoya Stock Exchange)
Name and Title of Contact Person:
Yasushi Fukaya
General Manager, Accounting Division
(Telephone Number: 0566-36-7522)
(TheΒ Parent Company ofΒ TOYOTA AUTO BODY CO., LTD.)
Company Name:Β TOYOTA MOTOR CORPORATION
Name and Title of Representative:
Katsuaki Watanabe,Β President
(Code Number: 7203Β 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 at the board meeting held today,Β TOYOTA AUTO BODYΒ CO., LTD.Β ("TAB") has decided to dissolve TAIWAN AUTO CONVERSIONΒ CO., LTD.Β ("TAC"), a subsidiary of TAB, as described below.
Name and Summary of the Subsidiary to be Dissolved
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Trade Name: |
TAIWAN AUTO CONVERSION CO.,Β LTD. |
|
Location: |
Taoyan, Republic of China (Taiwan) |
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Name of Representative: |
Takuji Amioka,Β Chairman |
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Content of Business: |
Production and sales of specially-equipped industrial vehicles |
|
Month of Incorporation: |
DecemberΒ 2004 |
|
Capital: |
New TaiwanΒ Dollars (NTD)Β 28 million |
|
Total Assets: |
NTDΒ 35 million (as of March 31, 2008) |
|
Number of Employees: |
11(as of March 31, 2008) |
|
Shareholder Composition: |
TOYOTA AUTO BODYΒ CO., LTDΒ 55% GSK Investment Development Corp.Β 25% Chun Yuan Steel Industry Co., Ltd.Β 20% |
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Business Performances (Fiscal year ended March 31, 2008): |
|
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Net Sales:Β NTD 75 million OperatingΒ Income:Β NTD -15 million Income Before Income Tax: NTD -23 million NetΒ Income:Β NTD -27 million |
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2. Reason for the Dissolution
TAC has conducted production and sales of specially-equipped industrial vehicles as the base in Taiwan for such vehicle business.Β Β However, in connection withΒ theΒ restructuring of business operations toΒ enhanceΒ managementΒ efficiency, TAB has decided to dissolve TAC.
Β
3. Schedule for the Dissolution
ResolutionΒ on the dissolution is scheduled to take place in August 2008.
Liquidation proceedings will begin immediately after the decisionΒ on the dissolution.
Β
4. Anticipated Effects on the Business Performance (Consolidated Sales and Income)
The anticipated effects of the dissolution of TAC on TMC and TAB's business performance areΒ minor.
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