SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of December, 2020
Commission File Number 001-14948
Toyota Motor Corporation
(Translation of Registrants Name Into English)
1, Toyota-cho, Toyota City,
Aichi Prefecture 471-8571,
Japan
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Material Contained in this Report:
I. |
English translation of the registrants announcement regarding acquisition and cancellation of first series model AA class shares, as filed by the registrant with the Tokyo Stock Exchange on December 14, 2020. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Toyota Motor Corporation | ||
By: |
/s/ Kaname Shimizu |
|
Name: | Kaname Shimizu | |
Title: | General Manager, | |
Accounting Division |
Date: December 14, 2020
[Reference Translation]
December 14, 2020
To Whom It May Concern:
Company Name: |
TOYOTA MOTOR CORPORATION |
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Name and Title of Representative: |
Akio Toyoda, President |
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(Code Number: 7203 |
The First Section of Tokyo Stock Exchange and Nagoya Stock Exchange) |
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Name and Title of Contact Person: |
Kaname Shimizu, General Manager, Accounting Division |
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(Telephone Number: |
0565-28-2121) |
Notice concerning Acquisition and Cancellation of First Series Model AA Class Shares
Toyota Motor Corporation (TMC) hereby informs you that, regarding the First Series Model AA Class Shares (the Class Shares), its board of directors resolved at a meeting held on December 14, 2020 to exercise TMCs cash call option to acquire all outstanding Class Shares and, subject to such acquisition, to cancel all Class Shares pursuant to Article 178 of the Companies Act of Japan, as follows.
1. Reason for the Acquisition and Cancellation of the Class Shares
Under the circumstances in which the pace of technological advancement in the automobile industry was gaining every day, TMC believed that, in order to enhance its medium-to-long-term corporate value, it was imperative to continue to produce cutting-edge and next-generation technologies which contributed more than ever to society and the environment, and TMC issued the Class Shares in July 2015 in order to ensure funds for investment in next-generation technologies, towards the challenge for the future of achieving a better car society.
Through the issuance of the Class Shares, TMC has steadily invested in the future, such as (i) investment in new areas, known as CASE, which refers to Connected, Autonomous/Automated, Shared and Electric, (ii) development of next generation environmentally friendly cars, and (iii) alliances with partners, including those in different industries.
The purpose of the issuance of the Class Shares was to lay a foundation for the future mobility society through such investment. TMC believes that it has achieved certain results, and resolved, at its board of directors meeting held today, to acquire all outstanding Class Shares and cancel all Class Shares.
The pace of the environmental changes surrounding the automobile industry and of technological advancement is increasing. TMC will continue to strive for the future in accordance with the changing times.
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2. Details of Matters concerning the Acquisition
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3. Details of Matters concerning the Cancellation
(1) |
Class of shares to be cancelled |
Toyota Motor Corporation First Series Model AA Class Shares |
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(2) |
Total number of shares to be cancelled |
All Class Shares (47,100,000 shares) |
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(3) |
Effective date of cancellation |
April 3, 2021 |
This cancellation is subject to TMCs acquisition of the Class Shares stated in 2. above.
4. Effect on TMCs Results
The acquisition and cancellation of the Class Shares will have no effect on TMCs business results. Cash reserves are planned to be appropriated to the funds for the acquisition of the Class Shares.
- End -
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