[Reference Translation]
November 1, 2022
To Whom It May Concern:
Company Name: TOYOTA MOTOR CORPORATION Name and Title of Representative: Akio Toyoda, President (Code Number: 7203 Prime of Tokyo Stock Exchange and Premier of Nagoya Stock Exchange) Name and Title of Contact Person: Masayoshi Hachisuka, General Manager, Capital Strategy & Affiliated Companies Finance Div. (Telephone Number: 0565-28-2121) |
Notice Concerning Distribution of Interim Dividends from Surplus
At a meeting held on November 1, 2022, the Board of Directors of Toyota Motor Corporation (“TMC”) resolved to distribute dividends from surplus, with a record date of September 30, 2022. In relation to the above, we hereby inform you of the following:
| 1. | Details of dividends |
| Interim dividend for FY 2023 | Most recent dividend forecast | Interim dividend for FY 2022 | ||||
Record date | September 30, 2022 | September 30, 2022 | September 30, 2021 | |||
Dividend per share | 25.00 yen | — | 24.00 yen | |||
Total amount of dividends | 342,187 million yen | — | 332,418 million yen | |||
Effective date | November 22, 2022 | — | November 25, 2021 | |||
Source of dividends | Retained earnings | — | Retained earnings |
[Reference] Details of dividends per common share through the fiscal year
Record date | Dividends for FY 2023 (ended March 31, 2023) | Dividends for FY 2022 (ended March 31, 2022) | ||
End of interim period | 25.00 yen | 24.00 yen | ||
End of fiscal period | — | 28.00 yen | ||
Total | — | 52.00 yen |
| (Note) | TMC split each share of its common stock into five shares on October 1, 2021. The results for FY 2021 are calculated based on the assumption that the stock split was implemented at the beginning of FY 2022. |
| 2. | Reason for the dividend amount |
TMC deems the benefit of its shareholders as one of its priority management policies, and it will continue to work to improve its corporate culture to realize sustainable growth in order to enhance its corporate value.
TMC will strive for the stable and continuous payment of dividends, seeking to maintain and improve upon the consolidated payout ratio of 30% to its shareholders.
With a view to surviving tough competition and transitioning to a mobility company, TMC will utilize its internal funds mainly for its investment in growth for the next generation such as environmental technologies to achieve a carbon neutral society and safety technologies for the safety and security of its customers, and also for the stakeholders such as employees, business partners and local communities etc.
-End-
