EX-99.1 3 ex99-1_092603.txt BUSINESS PROSPECTS TOYOTA AUTO BODY CO. EXHIBIT 99.1 [Translation] To Whom It May Concern: Filed on September 1, 2003 Company Name: Toyota Auto Body Co., Ltd. Name and Title of Representative: Risuke Kubochi, President Code Number: 7221 First Section of Tokyo and Nagoya Stock Exchanges Name and Title of Contact Person: Shinobu Ichikawa Director & General Manager, Management Control Division Telephone Number: 0566-36-7522 [Parent Company] Company Name: Toyota Motor Corporation Name and Title of Representative: Fujio Cho, President Code Number: 7203 Securities exchanges throughout Japan Name and Title of Contact Person: Takahiko Ijichi General Manager, Accounting Division Telephone Number: 0565-28-2121 Notice Concerning Amendments to the Business Prospects ------------------------------------------------------ Based on recent progress in our business performance, we made amendments to the business performance prospects of Fiscal Year 2004 (starting from April 1, 2003 and ending on March 31, 2004) of Toyota Auto Body Co., Ltd. ("TAB") disclosed upon the announcement of the financial statements on April 24, 2003, as follows: 1. Amendments to the prospective figures of non-consolidated interim business performance of Fiscal Year 2004 ending March 31, 2004 (from April 1, 2003 to September 30, 2003)
(In millions of yen,%) ------------------------------------------------------------------------------------------- Net sales Ordinary Interim net income income ------------------------------------------------------------------------------------------- Previous prospects (A) 435,000 8,500 5,000 ------------------------------------------------------------------------------------------- New prospects (B) 435,000 8,500 26,000 ------------------------------------------------------------------------------------------- Amount changed -- -- 21,000 (B - A) ------------------------------------------------------------------------------------------- % of change -- -- 420.0 ------------------------------------------------------------------------------------------- (Reference) 451,136 8,138 13,137 Actual performance for the period from April 1, 2002 to September 30, 2002 (Interim period of FY2003) -------------------------------------------------------------------------------------------
2. Amendments to the prospective figures of consolidated interim business performance of Fiscal Year 2004 ending March 31, 2004 (from April 1, 2003 to September 30, 2003)
(In millions of yen,%) ------------------------------------------------------------------------------------------- Net sales Ordinary Interim net income income ------------------------------------------------------------------------------------------- Previous prospects (A) 445,000 9,300 5,500 ------------------------------------------------------------------------------------------- New prospects (B) 445,000 9,300 26,500 ------------------------------------------------------------------------------------------- Amount changed -- -- 21,000 (B - A) ------------------------------------------------------------------------------------------- % of change -- -- 381.8 ------------------------------------------------------------------------------------------- (Reference) 458,880 8,978 13,607 Actual performance for the period from April 1, 2002 to September 30, 2002 (Interim period of FY2003) -------------------------------------------------------------------------------------------
3. Amendments to the prospective figures of non-consolidated business performance of Fiscal Year 2004 ending March 31, 2004 (from April 1, 2003 to March 31, 2004)
(In millions of yen,%) ------------------------------------------------------------------------------------------- Net sales Ordinary Net income income ------------------------------------------------------------------------------------------- Previous prospects (A) 820,000 15,000 9,000 ------------------------------------------------------------------------------------------- New prospects (B) 820,000 15,000 30,000 ------------------------------------------------------------------------------------------- Amount changed -- -- 21,000 (B - A) ------------------------------------------------------------------------------------------- % of change -- -- 233.3 ------------------------------------------------------------------------------------------- (Reference) 912,872 16,543 17,777 Actual performance for the period from April 1, 2002 to March 31, 2003 (FY2003) -------------------------------------------------------------------------------------------
4. Amendments to the prospective figures of consolidated business performance of Fiscal Year 2004 ending March 31, 2004 (from April 1, 2003 to March 31, 2004)
(In millions of yen,%) ------------------------------------------------------------------------------------------- Net sales Ordinary Net income income ------------------------------------------------------------------------------------------- Previous prospects (A) 840,000 16,500 9,800 ------------------------------------------------------------------------------------------- New prospects (B) 840,000 16,500 30,800 ------------------------------------------------------------------------------------------- Amount changed -- -- 21,000 (B - A) ------------------------------------------------------------------------------------------- % of change -- -- 214.3 ------------------------------------------------------------------------------------------- (Reference) 929,745 18,098 18,600 Actual performance for the period from April 1, 2002 to March 31, 2003 (FY2003) -------------------------------------------------------------------------------------------
5. Reason for the Amendments On May 30, 2003, Toyota Motor Corporation ("TMC" - a major shareholder of TAB) purchased additional shares of TAB and came to hold a majority of TAB's voting rights. In connection with the above, TAB sold its TMC shares pursuant to Article 211-2 of the Commercial Code and accordingly, TAB reported the gain from such sales as extraordinary profit and amended the prospective figures for the net income. The amendments made to the consolidated business performance prospects also reflect the fluctuation in TAB's performance.