6th Nov 2008 10:18
[Translation]
November 6, 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 Amendments to the Forecasts for FY2009
Based on our recent business performance, we, TOYOTA MOTOR CORPORATION ("Toyota"), hereby announce the following amendments to the forecast of consolidated financial results for FY2009
(April 1, 2008 through March 31, 2009), previously announced on August 7, 2008, and the forecast of
unconsolidated financial results for FY2009 (April 1, 2008 through March 31, 2009), previously announced
on May 8, 2008, as follows:
1. Amendments to the forecast of consolidated financial results for FY2009
(April 1, 2008 through March 31, 2009).
(Amount: billion yen)
|
Net revenues |
Operating income |
Income before income taxes, minority interest and equity in earnings of affiliated companies |
Net income |
|
|
Previous forecast (A) |
25,000.0 |
1,600.0 |
1,700.0 |
1,250.0 |
|
New forecast (B) |
23,000.0 |
600.0 |
640.0 |
550.0 |
|
Amount changed (B - A) |
-2,000.0 |
-1,000.0 |
-1,060.0 |
-700.0 |
|
% of change |
-8.0% |
-62.5% |
-62.4% |
-56.0% |
|
(Reference) Actual results for FY2008 |
26,289.2 |
2,270.3 |
2,437.2 |
1,717.8 |
2. Amendments to the forecast of unconsolidated financial results for FY2009
(April 1, 2008 through March 31, 2009).
(Amount: billion yen)
|
Net sales |
Operating income |
Ordinary income |
Net income |
|
|
Previous forecast (A)
|
11,900.0 |
500.0 |
980.0 |
770.0 |
|
New forecast (B) |
10,600.0 |
140.0 |
600.0 |
510.0 |
|
Amount changed (B - A) |
-1,300.0 |
-360.0 |
-380.0 |
-260.0 |
|
% of change |
-10.9% |
-72.0% |
-38.8% |
-33.8% |
|
(Reference) Actual results for FY2008 |
12,079.2 |
1,108.6 |
1,580.6 |
1,138.1 |
3. Reasons for the Amendments
The forecasts of consolidated and unconsolidated financial results for FY2009 decreased from the previously announced forecasts, due to factors such as the revision of the sales plan in response to the drastic slowdown in the automotive market and the revision of the assumed exchange rates in response to the sharp yen appreciation.
(Note) This notice contains forward-looking statements that reflect Toyota's forecasts for
consolidated and unconsolidated results. These forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's
actual results, performance, achievements or financial position to be materially different from any future results,
performance, achievements or financial position expressed or implied by these forward-looking statements.
These factors include: (i) changes in economic conditions and market demand affecting, and the competitive
environment in, the automotive markets in Japan, North America, Europe and other markets in which Toyota
operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the
U.S. dollar, the Euro, the Australian dollar, the Canadian dollar and the British pound; (iii) Toyota's ability to realize
production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and government policies relating to trade,
environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws,
regulations and government policies that affect Toyota's other operations, including the outcome of future litigation
and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to
timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in
transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of
labor in the major markets where Toyota purchases materials, components and supplies for the production of its
products or where its products are produced, distributed or sold.
A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or
financial position is contained in Toyota's annual report on Form 20-F, which is on file with the United States
Securities and Exchange Commission.
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