May. 08, 2008
Notice Concerning Acquisition of Own Shares
(To be proposed at the 104th Ordinary General Shareholders' Meeting)
(Acquisition of Own Shares under Article 156 of the Corporation Act)
At a meeting held on May 8, 2008, the Board of Directors of Toyota Motor Corporation ("TMC") resolved to propose an agenda asking for authorization to acquire its own shares under the provision of Article 156 of the Corporation Act at the 104th Ordinary General Shareholders' Meeting to be held on June 24, 2008. We hereby inform you of the following.
| 1. | Reasons for acquisition of TMC's own shares To improve capital efficiency and implement flexible capital policies in accordance with the business environment. |
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| 2. | Details of matters relating to the acquisition | ||
| (1) | Type of shares to be acquired | Shares of common stock of TMC | |
| (2) | Aggregate number of shares permitted to be acquired |
Up to 30,000,000 shares (The ratio to the aggregate number of issued shares (excluding treasury stock): 0.95%) |
|
| (3) | Aggregate purchase price of shares | Up to JPY 200,000,000,000 | |
| (4) | Acquisition period | One year from the day immediately following the close of the 104th Ordinary General Shareholders' Meeting. | |
(Note) The above acquisition of own shares shall be subject to the approval of the proposal "Acquisition of Own Shares" at the 104th Ordinary General Shareholders' Meeting scheduled to be held on June 24, 2008.
| [Reference] | |||
| Treasury stock held by TMC as of March 31, 2008 | |||
| · Aggregate number of issued shares | |||
| (excluding treasury stock) | 3,149,279,852 shares | ||
| · Number of treasury stock | 298,717,640 shares | ||
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