31st Jan 2008 08:00
Toyota Motor Corporation31 January 2008 (Translation) January 31, 2008 To Whom It May Concern: Company Name: TOYOTA MOTOR CORPORATIONName 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 Toyota Caelum Incorporated ("TCI"), a subsidiary ofToyota Motor Corporation ("TMC"), has decided to dissolve TCI's subsidiary, asdescribed below. 1. Name and Summary of the Subsidiary of a Subsidiary to be Dissolved Trade Name: Toyota Caelum USA, Inc.Location of Head Office: 2001 Gateway Place, Suite 700 West, San Jose, California 95110, U.S.A.Name of Representative: Hiromi Araki, President and Chief Executive Officer, DirectorContent of Business: Development and sales of computer software (CAD/CAM, etc.)Date of Incorporation: August 31, 2000Capital: USD 300,000Total Assets: USD 826,286 (as of March 31, 2007)Number of Employees: 0 personsShareholder Composition: TCI 100% (TMC holds 51.0% of shares of TCI.)Business Performances (Fiscal year ended March 31, 2007): Net Sales: USD 0 Operating Income: USD -39,104 Net Income: USD 15,406 2. Reason for the Dissolution TCI established the above-mentioned subsidiary as the base for TCI's development and sales of computer software in theUnited States, and has entrusted the development of its new products and other related businesses to it. However, inorder to enhance TCI's business efficiency, TCI decided to dissolve the above-mentioned subsidiary after integratingthe subsidiary business into TCI. 3. Schedule for the Dissolution Dissolution is scheduled to take place around May 2008. 4. Anticipated Effects on the Business Performance (Consolidated Sales andIncome) of TMC The anticipated effects of the dissolution of the above-mentionedsubsidiary of TCI on TMC's business performances are minor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Toyota Motor