21st Sep 2007 10:00
Toyota Motor Corporation21 September 2007 (Translation) September 21, 2007 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 Subsidiaries We hereby notify you that Aero Asahi Corporation ("AAC"), a subsidiary of ToyotaMotor Corporation ("TMC"), has decided to dissolve its subsidiaries as describedbelow. 1. Names and Description of the Subsidiaries to be Dissolved (1) Trade Name: East Japan Aero Asahi CorporationLocation of Head Office: 1-1, Minamidai 3-chome, Kawagoe-shi, SaitamaName of Representative: Norio Iijima, Representative Director and PresidentContent of Business: Surveying ServicesEstablished: October 1981Capital: JPY80 millionTotal Assets: JPY186 million (as of March 31, 2007)Number of Employees: 0 personMain Clients: Local governments in eastern JapanShareholder Composition: AAC 100% (TMC holds 99.11% of shares of AAC.)Business Performances (Fiscal year ended March 31, 2007): Net Sales: JPY3 million Ordinary Loss: JPY2 million (2) Trade Name: West Japan Aero Asahi CorporationLocation of Head Office: 35-31, Tarumicho 3-chome, Suita-shi, OsakaName of Representative: Yoshikazu Kimura, Representative Director and PresidentContent of Business: Surveying ServicesEstablished: August 1972Capital: JPY40 millionTotal Assets: JPY47 million (as of March 31, 2007)Number of Employees: 0 personMain Clients: Local governments in western JapanShareholder Composition: AAC 100% (TMC holds 99.11% of shares of AAC.)Business Performances (Fiscal year ended March 31, 2007): Net Sales: JPY39 million Ordinary Income: JPY0 million (3) Trade Name: Kyushu Aero Asahi CorporationLocation of Head Office: 12-1, Hakata-eki-higashi 3-chome, Hakata-ku, Fukuoka-shi, FukuokaName of Representative: Mikio Tsutsumi, Representative Director and PresidentContent of Business: Surveying ServicesEstablished: October 1996Capital: JPY30 millionTotal Assets: JPY9 million (as of March 31, 2007)Number of Employees: 0 personMain Clients: Local governments in KyushuShareholder Composition: AAC 100% (TMC holds 99.11% of shares of AAC.)Business Performances (Fiscal year ended March 31, 2007): Net Sales: JPY0 million Ordinary Loss: JPY0 million 2. Reason for the Dissolution The above-mentioned three companies have been engaged in geospatial informationbusiness, such as surveying. However, all three companies have transferred a part of their business to AAC in2002, and ceased their business activities in April 2007. Therefore, in order to enhance business efficiency,AAC has decided to dissolve the above- mentioned three companies. 3. Schedule for the Dissolution Dissolution is scheduled to take place by the end of March 2008. 4. Effects on Consolidated Sales and Earnings of TMC The effects of the dissolution of the above-mentioned three companies onTMC's business performances are expected to be minor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Toyota Motor