[Reference Translation]
November 6, 2020
To Whom It May Concern:
| Company Name: TOYOTA MOTOR CORPORATION | ||
| Name and Title of Representative: | ||
| Akio Toyoda, President | ||
| (Code Number: 7203 | ||
First Section of Tokyo Stock Exchange and Nagoya Stock Exchange) | ||
| Name and Title of Contact Person: | ||
| Kaname Shimizu, General Manager, | ||
| Accounting Division | ||
| (Telephone Number: 0565-28-2121) |
Notice Concerning Distribution of Interim Dividends from Surplus
At a meeting held on November 6, 2020, the Board of Directors of Toyota Motor Corporation (“TMC”) resolved to distribute dividends from surplus (including a special dividend for common shares), with record date dated September 30, 2020. In relation to the above, we hereby inform you of the following:
| 1. | Details of dividends |
| (1) | Common shares |
Interim dividend for | Most recent | Interim dividend for | ||||
Record date | September 30, 2020 | September 30, 2020 | September 30, 2019 | |||
Dividend per share | 105.00 yen (Ordinary dividend 100.00 yen) (Special dividend 5.00 yen) | — | 100.00 yen | |||
Total amount of dividends | 293,575 million yen | — | 278,908 million yen | |||
Effective date | November 27, 2020 | — | November 27, 2019 | |||
Source of dividends | Retained earnings | — | Retained earnings |
[Reference] Details of dividends per common share through the fiscal year
Record date | Dividends for FY 2021 (ended March 31, 2021) | Dividends for FY 2020 (ended March 31, 2020) | ||
| End of interim period | 105.00 yen | 100.00 yen | ||
| End of fiscal period | — | 120.00 yen | ||
| Total | — | 220.00 yen |
| (2) | First Series Model AA Class Shares |
Interim dividend for | Most recent | Interim dividend for | ||||
Record date | September 30, 2020 | September 30, 2020 | September 30, 2019 | |||
Dividend per share | 132.00 yen | — | 132.00 yen | |||
Total amount of dividends | 5,952 million yen | — | 6,217 million yen | |||
Effective date | November 27, 2020 | — | November 27, 2019 | |||
Source of dividends | Retained earnings | — | Retained earnings |
[Reference] Details of dividends per First Series Model AA Class Share through the fiscal year
Record date | Dividends for FY 2021 (ended March 31, 2021) | Dividends for FY 2020 (ended March 31, 2020) | ||
| End of interim period | 132.00 yen | 132.00 yen | ||
| End of fiscal period | — | 132.00 yen | ||
| Total | — | 264.00 yen |
| 2. | Reason for the dividend amount |
TMC deems the benefit of its shareholders as one of its priority management policies, and it continues to work to improve its corporate structure to realize sustainable growth in order to enhance its corporate value.
TMC will strive for the stable and continuous payment of dividends considering a consolidated payout ratio of 30% to shareholders of common stock as an indication.
During the interim period, although the automobile market as a whole was in a downturn due to the spread of COVID-19, we were able to record profits with the support of our shareholders and other stakeholders.
Considering these factors, with respect to the dividends for this consolidated fiscal year, TMC has determined to pay an interim ordinary dividend of 100 yen per common share. In addition, we would like to thank our shareholders for their support even in the trying environment created by COVID-19, and have decided to add a special dividend of 5 yen, for a total of 105 yen per common share.
In order to survive tough competition, TMC will utilize its internal funds mainly for the early commercialization of technologies for next-generation environment and safety, giving priority to customer safety and security.
In addition, TMC has determined to pay an interim dividend of 132 yen per First Series Model AA Class Share in accordance with a prescribed calculation method.
-End-