Exhibit 99.5
June 24, 2019
Board of Directors
Misawa Homes Co., Ltd.
Shinjuku NS Building
2-4-1 Nishi-shinjuku
Shinjuku-ku, Tokyo
163-0833
Japan
Members of the Board of Directors:
Reference is made to our opinion to you, dated May 9, 2019 (the “Opinion”).
We hereby consent to (1) the use of the Opinion to the Board of Directors of Misawa Homes Co., Ltd. (“Misawa Homes”), included as Appendix C to the prospectus which forms a part of the Registration Statement on FormF-4 relating to the proposed triangular share exchange among Misawa Homes, Toyota Motor Corporation and Toyota Housing Corporation, and (2) the references to this committee and the Opinion in the Registration Statement and the prospectus included therein.
In giving such consent, we do not admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder, nor do we thereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term “experts” as used in the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder.
/s/ RYOTA MIURA |
Ryota Miura Committee Chair |
