RNS Number : 8794Y

Toyota Motor Corporation

10 May 2023

[Reference Translation]

May 10, 2023

To Whom It May Concern:


Name and Title of Representative:

Akio Toyoda, Chairman of the Board of Directors

(Code Number: 7203

Prime of Tokyo Stock Exchange and

Premier of Nagoya Stock Exchange)

Name and Title of Contact Person:

Yoshihide Moriyama, General Manager,

Capital Strategy & Affiliated Companies Finance Div. (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 May 10, 2023 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.   Reas on for repurchasing shares 

TMC deems the improvement of its shareholders' profit as one of its priority management policies, and it will continue to work to improve its corporate culture to realize sustainable growth in order to enhance its corporate value.

TMC will flexibly repurchase its common stock while considering factors such as the price level of its common stock .

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.

   2.      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 0.88% 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 May 18, 2023 to October 31, 2023

(References) Number of treasury stock as of March 31, 2023

 Total number of issued shares (excluding   13,565,179,729   shares 
  treasury stock) : 
 Number of treasury stock :                  2,749,807,731   shares 


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) Dow Jones Newswires

May 10, 2023 03:00 ET (07:00 GMT)

Grafico Azioni Toyota Motor (LSE:0LG5)
Da Gen 2024 a Feb 2024 Clicca qui per i Grafici di Toyota Motor
Grafico Azioni Toyota Motor (LSE:0LG5)
Da Feb 2023 a Feb 2024 Clicca qui per i Grafici di Toyota Motor