TIDMTYT

RNS Number : 2987R

Toyota Motor Corporation

04 November 2021

[Reference Translation]

November 4, 2021

To Whom It May Concern:

Company Name: TOYOTA MOTOR CORPORATION

Name and Title of Representative:

Akio Toyoda, President

(Code Number: 7203

First Section of Tokyo Stock Exchange and

Nagoya Stock Exchange)

Name and Title of Contact Person:

Masayoshi Hachisuka, General Manager,

Capital Strategy & Affiliated Companies Finance Division

(Telephone Number: 0565-28-2121)

Notice Concerning the Determination of Matters Relating to

the Repurchase of Shares of Common Stock

(Repurchase of Shares under Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)

We hereby inform you that Toyota Motor Corporation ("TMC") resolved at a meeting of the board of directors held on November 4, 2021 to repurchase shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the "Companies Act") as applied pursuant to Article 165, Paragraph 3 of the Companies Act.

   1.      Details of matters relating to repurchase 
            (1)  Class of shares to be repurchased                       Shares of Common Stock of TMC 
            (2)  Total number of shares to be repurchased          120 million shares (maximum)

(Represents 0.86% of the total number of issued shares (excluding treasury stock))

            (3)  Total purchase price for repurchase of shares    JPY 150 billion (maximum)

(4) Period of repurchase From November 5, 2021 to March 31, 2022

   2 .    Reason for repurchasing shares

TMC will engage in stakeholder-oriented management and continue to work to improve its corporate culture to realize sustainable growth in order to enhance its corporate value.

Since the benefit of its shareholders is deemed as one of its priority management policies, TMC will flexibly repurchase its common stock while comprehensively considering factors such as its investment in growth, level of its dividends, its cash reserves and the price level of its common stock t o promote its capital efficiency .

With a view to surviving tough competition and transitioning to a mobility company, TMC will utilize its internal funds mainly for its investment in growth for the next generation such as environmental technologies to achieve a carbon neutral society and safety technologies for the safety and security of its customers, and also for the stakeholders such as employees, business partners and local communities etc.

(References) Number of treasury common stock as of September 30, 2021

 
                                                             2,770,155,338 (13,850,776,690      shares 
     *    Total number of issued common shares* (excluding                                     shares) 
          treasury stock) : 
                                                                               492,842,154      shares 
    *    Number of treasury common stock*:                                  (2,464,210,770     shares)

*TMC split each share of its common stock into five shares on October 1, 2021, and the figures in brackets in the above table reflect the effect of the stock split.

-End-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STRFIFEFLLLSIIL

(END) Dow Jones Newswires

November 04, 2021 03:59 ET (07:59 GMT)

Toyota Motor (LSE:TYT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Toyota Motor.
Toyota Motor (LSE:TYT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Toyota Motor.