Commercial Japan Partnership Technologies Corporation

Commercial Japan Partnership Technologies Corporation (CJPT) has announced today its decision to expel Hino Motors, Ltd. (Hino) in light of Hino's misconduct concerning certification testing.

Since its establishment in April 2021, CJPT has been working in the field with its partners to accelerate the spread of CASE, thereby aiming to contribute in achieving a carbon neutral society and reducing the burden on drivers and workers. Akio Toyoda, President of Toyota Motor Corporation (Toyota), suggested that the misconduct committed by Hino is incompatible with CJPT's aspirations and goals and that the continued inclusion of Hino in activities will not gain the understanding of its customers and the public. With this suggestion taken into consideration, the decision was made after discussion within CJPT.

Specifically, Hino will be excluded from all agreements, including the joint planning agreement, and Hino's equity stake (10%) in CJPT will be transferred to Toyota. In the projects that CJPT is currently working on, such as the previously announced social implementation in Fukushima and Tokyo, Hino will play a minimal role to not cause inconvenience to CJPT's customers.

Comments by Akio Toyoda, President of Toyota Motor Corporation

"As the parent company and a shareholder of Hino, we are extremely disappointed with the company's misconduct in relation to the certification testing, which has greatly undermined the trust of our customers and all other stakeholders. Hino has committed misconduct in engine certification for a long period of time, and the company is in a situation where it is not to be recognized as one of the 5.5 million individuals in the Japanese automotive industry. CJPT is a project to build the future together, based on Japan's CASE technology. As of now, we believe that Hino's participation will cause inconvenience to stakeholders, and we have decided that it is appropriate to expel Hino from CJPT. This conclusion was reached after discussions with the companies involved. We will continue to work with our partners on the project to solve the issues facing the transportation industry and contribute to achieving a carbon neutral society."

Beyond Zero

"Achieving zero, and adding new value beyond it"

As part of efforts to pass our beautiful "Home Planet" to the next generation, Toyota has identified and is helping to solve issues faced by individuals and overall society, which Toyota calls "Achieving Zero," hoping to help reduce the negative impacts caused by these issues to people and the environment to zero. Additionally, Toyota is also looking "Beyond Zero" to create and provide greater value by continuing to diligently seek ways to improve lives and society for the future.

About Beyond Zero
https://global.toyota/en/mobility/beyond-zero/

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