Amd to Forecast FY09

RNS Number : 5884H

Toyota Motor Corporation

06 November 2008

 



[Translation]

November 6, 2008

To Whom It May Concern:

                                          Company Name: TOYOTA MOTOR CORPORATION

                                                                                     Name and Title of Representative:

                                                                                                        Katsuaki Watanabe, President

                                                                                                        (Code Number: 7203

                                                                                                        Securities exchanges throughout Japan)

                                                                                     Name and Title of Contact Person:

                                                                                                       Takuo Sasaki

                                                                                                       General Manager, Accounting Division

                                                                                                       (Telephone Number: 0565-28-2121)

Notice Concerning Amendments to the Forecasts for FY2009

Based on our recent business performance, we, TOYOTA MOTOR CORPORATION ('Toyota'), hereby announce the following amendments to the forecast of consolidated financial results for FY2009

(April 1, 2008 through March 31, 2009), previously announced on August 7, 2008, and the forecast of

unconsolidated financial results for FY2009 (April 1, 2008 through March 31, 2009), previously announced

on May 8, 2008, as follows:

1. Amendments to the forecast of consolidated financial results for FY2009

    (April 1, 2008 through March 31, 2009).

(Amount: billion yen)

	Net revenues	Operating income	Income before income taxes, minority interest and equity in earnings of affiliated companies	Net income
Previous forecast (A)	25,000.0	1,600.0	1,700.0	1,250.0
New forecast (B)	23,000.0	600.0	640.0	550.0
Amount changed (B - A)	-2,000.0	-1,000.0	-1,060.0	-700.0
% of change	-8.0%	-62.5%	-62.4%	-56.0%
(Reference) Actual results for FY2008	26,289.2	2,270.3	2,437.2	1,717.8

2. Amendments to the forecast of unconsolidated financial results for FY2009

    (April 1, 2008 through March 31, 2009).

(Amount: billion yen)

	Net sales	Operating income	Ordinary income	Net income
Previous forecast (A)	11,900.0	500.0	980.0	770.0
New forecast (B)	10,600.0	140.0	600.0	510.0
Amount changed (B - A)	-1,300.0	-360.0	-380.0	-260.0
% of change	-10.9%	-72.0%	-38.8%	-33.8%
(Reference) Actual results for FY2008	12,079.2	1,108.6	1,580.6	1,138.1

3. Reasons for the Amendments

The forecasts of consolidated and unconsolidated financial results for FY2009 decreased from the previously announced forecasts, due to factors such as the revision of the sales plan in response to the drastic slowdown in the automotive market and the revision of the assumed exchange rates in response to the sharp yen appreciation.

       (Note)    This notice contains forward-looking statements that reflect Toyota's forecasts for

                      consolidated and  unconsolidated results. These forward-looking statements are not guarantees of future     

                      performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's

                      actual results, performance, achievements or financial position to be materially different from any future results,

                      performance, achievements or financial position expressed or implied by these forward-looking statements.

                      These factors include: (i) changes in economic conditions and market demand affecting, and the competitive

                      environment in, the automotive markets in Japan, North America, Europe and other markets in which Toyota

                      operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the

                      U.S. dollar, the Euro, the Australian dollar, the Canadian dollar and the British pound; (iii) Toyota's ability to realize

                      production efficiencies and to implement capital expenditures at the levels and times planned by management; 
                      (iv) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect
                      Toyota's automotive operations, particularly laws, regulations and government policies relating to trade,

                      environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws,

                      regulations and government policies that affect Toyota's other operations, including the outcome of future litigation

                      and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to

                      timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in

                      transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of

                      labor in the major markets where Toyota purchases materials, components and supplies for the production of its

                      products or where its products are produced, distributed or sold.

                      A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or 

                      financial position is contained in Toyota's annual report on Form 20-F, which is on file with the United States

                      Securities and Exchange Commission.

 

END

 

 

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