Toyota to Increase Stake in Hino Motors

Tokyo―TOYOTA MOTOR CORPORATION (TMC) announced today its plans to purchase shares to be issued and allotted to TMC by Hino Motors, Ltd. (Hino), with which TMC has a business alliance.

In light of intensifying competition on a global scale, TMC and Hino have decided that by strengthening ties and by bolstering the Toyota Group's truck business, the two companies can enhance their further growth.

Following the stock purchase, TMC's stake in Hino will rise from 20.1% (74,424,000 shares held) to 33.8% (151,124,000 shares).