REG - Toyota Motor Corpn - Interim Dividends and Dividend Forecast Revision

TOYOTA MOTORAnnouncement

06/11/2024 08:00

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RNS Number : 0905L  Toyota Motor Corporation  06 November 2024

[Reference Translation]

November 6, 2024

 

Company name:          TOYOTA MOTOR CORPORATION

Representative:           Koji Sato, President

   (Code number:7203; TSE Prime/NSE Premier)

Inquiries:                     Yoshihide Moriyama, General Manager,
Capital    Strategy & Affiliated Companies Finance Div.

  (Telephone: 0565-28-2121)

Notice Concerning Distribution of Interim Dividends from Surplus and

Revision of Dividend Forecast for FY2025

 

At a meeting held on November 6, 2024, the Board of Directors of Toyota Motor
Corporation ("TMC") resolved to distribute dividends from surplus, with a
record date of September 30, 2024. TMC also revised the dividend forecast for
FY2025 (April 1, 2024 through March 31, 2025). In relation to the above, we
hereby inform you of the following:

 

1.  Details of dividends

                            Interim dividend     Most recent dividend forecast  Interim dividend paid

                            for FY2025                                          for FY2024
 Record date                September 30, 2024   September 30, 2024             September 30, 2023
 Dividend per share         40.00 yen            -                              30.00 yen
 Total amount of dividends  525,991 million yen  -                              405,416 million yen
 Effective date             November 26, 2024    -                              November 22, 2023
 Source of dividends        Retained earnings    -                              Retained earnings

 

2.  Details of the revised dividend forecast

                       Dividend per share
                       Interim    Year-end   Total
 Previous forecast     -          -          -
 Revised forecast      -          50.00 yen  90.00 yen
 Dividends for FY2025  40.00 yen  -          -
 Dividends for FY2024  30.00 yen  45.00 yen  75.00 yen

 

3. Reason

TMC deems the benefit of its shareholders an important element of its
management policy, and its basic policy for shareholder returns is to reward
long-term shareholders.

TMC will strive to increase dividends in a stable and continuous manner.

Moreover, TMC intends to disclose dividend forecasts beginning in the current
fiscal year to create an environment that is more conducive to investment by
our shareholders.

 

-End-

 

  (Note)

This notice contains forward-looking statements that reflect the plans and
expectations of TMC and its consolidated subsidiaries ("Toyota"). 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, but are not limited to: (i) changes in
economic conditions, market demand, and the competitive environment affecting
the automotive markets in Japan, North America, Europe, Asia 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,
fluctuations in stock prices, and interest rates fluctuations; (iii) changes
in funding environment in financial markets and increased competition in the
financial services industry; (iv) Toyota's ability to market and distribute
effectively; (v) Toyota's ability to realize production efficiencies and to
implement capital expenditures at the levels and times planned by management;
(vi) 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 vehicle
safety including remedial measures such as recalls, trade, environmental
protection, vehicle emissions and vehicle fuel economy, as well as changes in
laws, regulations and government policies that affect Toyota's other
operations, including the outcome of current and future litigation and other
legal proceedings, government proceedings and investigations; (vii) political
and economic instability in the markets in which Toyota operates; (viii)
Toyota's ability to timely develop and achieve market acceptance of new
products that meet customer demand; (ix) any damage to Toyota's brand image;
(x) Toyota's reliance on various suppliers for the provision of supplies; (xi)
increases in prices of raw materials; (xii) Toyota's reliance on various
digital and information technologies, as well as information security; (xiii)
fuel shortages or interruptions in electricity, 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; (xiv) the impact of natural
calamities, epidemics, political and economic instability, fuel shortages or
interruptions in social infrastructure, wars, terrorism and labor strikes,
including their negative effect on Toyota's vehicle production and sales; (xv)
the impact of climate change and the transition towards a low-carbon economy;
and (xvi) the ability of Toyota to hire or retain sufficient human resources.

A discussion of these and other factors which may affect Toyota's actual
results, performance, achievements or financial position is contained in TMC's
annual report on Form 20-F, which is on file with the United States Securities
and Exchange Commission.

 

 

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