Amd to FY2009 re subsidiary

RNS Number : 9047G

Toyota Motor Corporation

29 October 2008

 



[Translation]

October 29, 2008

To Whom It May Concern:

                           Company Name:  Hino Motors, Ltd.

                           Name and Title of Representative:

                              Yoshio Shirai, President

                          (Code Number: 7205 

                          The first sections of the Tokyo Stock Exchange 

                           and the Nagoya Stock Exchange)

                           Name and Title of Contact Person:

                           Toshihisa Sakaki

                           General Manager, Corporate Communications 

                             Department, Corporate Planning Division

                          Telephone Number: 03-5419-9320

                          (The Parent Company of Hino Motors, Ltd.)

                          Company Name:  Toyota Motor Corporation

                          Name and Title of Representative:

                              Katsuaki Watanabe, President

                          (Code Number: 7203

                              Securities exchanges throughout Japan)    

Notice Concerning Amendments to the Business Projections for the Fiscal Year 2009

Based on the recent business performance of Hino Motors, Ltd. (the 'Company'), we hereby announce the following amendments to the business projections for Fiscal Year 2009 (from April 1, 2008 to March 31, 2009) disclosed with the earnings announcement on April 24, 2008.

1. Amendments to the prospective figures for the consolidated business performance for the Fiscal Year

    2009 (from April 1, 2008 to March 31, 2009).

                                                                                                                                           (In millions of yen)

	Net revenues	Operating income	Ordinary income	Net income	Net income per share (yen)
Previous projections (A)	1,420,000	46,000	42,000	22,000	38.34
New projections (B)	1,250,000	15,000	10,000	2,000	3.49
Amount changed (B - A)	-170,000	-31,000	-32,000	-20,000	-
% of change	-12.0%	-67.4%	-76.2%	-90.9%	-
(Reference) Actual results for the Fiscal Year 2008	1,368,633	45,889	41,035	22,178	38.65

2. Amendments to the prospective figures for the non-consolidated business performance for the Fiscal Year

    2009 (from April 1, 2008 to March 31, 2009)

                                                                                                                                           (In millions of yen)

	Net revenues	Operating income	Ordinary income	Net income	Net income per share (yen)
Previous projections (A)	1,080,000	26,000	29,800	18,000	31.36
New projections (B)	927,000	1,000	4,500	3,000	5.23
Amount changed (B - A)	-153,000	-25,000	-25,300	-15,000	-
% of change	-14.2%	-96.2%	-84.9%	-83.3%	-
(Reference) Actual results for the Fiscal Year 2008	1,034,155	29,267	28,759	4,467	7.78

3. Reasons for the Amendments

Among the figures for consolidated and non-consolidated business performance for Fiscal Year 2009, net revenues and the profits are projected to fall below the previously announced projected figures, due to factors such as the decrease in the number of automobiles subcontracted for production by Toyota Motor Corporation to the Company, the decrease in the number of automobiles sold in Japan, as well as the trend of stronger yen in the currency exchange market and the impact of rising raw material prices.

       (Note)    The prospective figures for the business performance stated above are based upon information that is currently 
                      in the Company's possession and upon certain premises that the Company deems reasonable.The Company's 

                      actual future performance or other similar results could differ materially from those discussed above, due to

                      various factors.

 

END

 

 

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