Amd to Forecast FY09

RNS Number : 9096M

Toyota Motor Corporation

06 February 2009

 



[Translation]

February 6, 2009

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 forecasts of consolidated and unconsolidated financial results for FY2009 (April 1, 2008 through March 31, 2009), previously announced on December 22, 2008, as follows:

• Amendments to the forecasts 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 forecasts (A)	21,500.0	-150.0	-50.0	50.0
New forecasts (B)	21,000.0	-450.0	-500.0	-350.0
Amount changed (B - A)	-500.0	-300.0	-450.0	-400.0
% of change	-2.3%	-	-	-
(Reference) Actual results for FY2008	26,289.2	2,270.3	2,437.2	1,717.8

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

       (April 1, 2008 through March 31, 2009)

                                                                                                                                         (Amount: billion yen)

	Net revenues	Operating income	Ordinary income	Net income
Previous forecasts (A)	9,500.0	-220.0	220.0	220.0
New forecasts (B)	9,400.0	-250.0	160.0	30.0
Amount changed (B - A)	-100.0	-30.0	-60.0	-190.0
% of change	-1.1%	-	-27.3%	-86.4%
(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 revisions to our sales plan in response to the greater-than-

     expected contraction of the automotive market. The forecast of consolidated vehicle sales has also been

     revised to 7,320 thousand units from 7,540 thousand units, which is 220 thousand units less than

     presumed at the time of the previous announcement of the FY2009 forecasts.

               (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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