TIDMTYT

RNS Number : 1901I

Toyota Motor Corporation

01 April 2020

(Progress on Disclosed Matters) Toyota's automotive prismatic battery division to split-off as a subsidiary and ownership structure of such subsidiary to be changed for the purpose of creating a joint venture company with Panasonic

Pursuant to the news release published on February 3, 2020, titled "Toyota's automotive prismatic battery division to split-off as a subsidiary and ownership structure of such subsidiary to be changed for the purpose of creating a joint venture company with Panasonic" Toyota Motor Corporation ("Toyota") and Panasonic Corporation ("Panasonic") have executed the business integration described therein as of today.

The capital amount for the joint venture (the succeeding company) has been determined in relation to the execution of the business integration, thus Toyota updates the capital amount as follows (the updated and newly decided information is underlined):

   1             Succeeding company's situation after the company split (as of April 1, 2020) 
 
                                  Succeeding company 
 (1) Company name                 Prime Planet Energy & Solutions, 
                                   Inc. 
                                 ------------------------------------- 
 (2) Address                      2-3-1 Muromachi , Nihonbashi, 
                                   Chuo Ward, Tokyo 
                                 ------------------------------------- 
 (3) Title and name of managing   President and Representative 
  representative                   Director: Hiroaki Koda 
                                 ------------------------------------- 
 (4) Nature of business           Development, manufacture 
                                   and sales of high-capacity 
                                   and high-output automotive 
                                   prismatic lithium-ion batteries 
                                   Development, manufacture 
                                   and sales of automotive solid-state 
                                   batteries 
                                   Development, manufacture 
                                   and sales of next-generation 
                                   automotive batteries other 
                                   than those mentioned above 
                                   (including batteries based 
                                   on new principles) 
                                   Ancillary and other operations 
                                   related to the above 
                                 ------------------------------------- 
 (5) Capital                      95,050 million yen 
                                 ------------------------------------- 
 (6) Fiscal year                  Ending March 
                                 ------------------------------------- 
 

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END

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April 01, 2020 03:00 ET (07:00 GMT)

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