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TYT Toyota Motor Corporation

6,926.17
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Toyota Motor Corporation LSE:TYT London Ordinary Share JP3633400001 Y50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6,926.17 115,500 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicles & Car Bodies 37.15T 2.45T 179.6582 0.14 344.93B

Toyota Motor Corporation Creating a joint venture company with Panasonic (1901I)

01/04/2020 8:00am

UK Regulatory


Toyota Motor (LSE:TYT)
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TIDMTYT

RNS Number : 1901I

Toyota Motor Corporation

01 April 2020

(Progress on Disclosed Matters) Toyota's automotive prismatic battery division to split-off as a subsidiary and ownership structure of such subsidiary to be changed for the purpose of creating a joint venture company with Panasonic

Pursuant to the news release published on February 3, 2020, titled "Toyota's automotive prismatic battery division to split-off as a subsidiary and ownership structure of such subsidiary to be changed for the purpose of creating a joint venture company with Panasonic" Toyota Motor Corporation ("Toyota") and Panasonic Corporation ("Panasonic") have executed the business integration described therein as of today.

The capital amount for the joint venture (the succeeding company) has been determined in relation to the execution of the business integration, thus Toyota updates the capital amount as follows (the updated and newly decided information is underlined):

   1             Succeeding company's situation after the company split (as of April 1, 2020) 
 
                                  Succeeding company 
 (1) Company name                 Prime Planet Energy & Solutions, 
                                   Inc. 
                                 ------------------------------------- 
 (2) Address                      2-3-1 Muromachi , Nihonbashi, 
                                   Chuo Ward, Tokyo 
                                 ------------------------------------- 
 (3) Title and name of managing   President and Representative 
  representative                   Director: Hiroaki Koda 
                                 ------------------------------------- 
 (4) Nature of business           Development, manufacture 
                                   and sales of high-capacity 
                                   and high-output automotive 
                                   prismatic lithium-ion batteries 
                                   Development, manufacture 
                                   and sales of automotive solid-state 
                                   batteries 
                                   Development, manufacture 
                                   and sales of next-generation 
                                   automotive batteries other 
                                   than those mentioned above 
                                   (including batteries based 
                                   on new principles) 
                                   Ancillary and other operations 
                                   related to the above 
                                 ------------------------------------- 
 (5) Capital                      95,050 million yen 
                                 ------------------------------------- 
 (6) Fiscal year                  Ending March 
                                 ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

JVEDFLBXBXLZBBQ

(END) Dow Jones Newswires

April 01, 2020 03:00 ET (07:00 GMT)

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