14th February, 2003
Listed company name: Daihatsu Motor Co., Ltd.
President: Takaya Yamada
Security code: 7262 (used in Japanese securities industry)
Parent company: Toyota Motor Corp.
President: Fujio Cho
Security code: 7203 (used in Japanese securities industry)
Notice about Pension Fund and Revisions to Operating Forecast
Daihatsu Motor Co., Ltd. (Daihatsu Motor) hereby announces the return of the company-paid portion of the employees pension fund and the corresponding revisions to its full-term consolidated operating forecast for the fiscal year ending 31st March 2003.
1. On January 30, 2003, the Daihatsu Motor Employees Pension Fund was granted immunity by the Ministry of Health, Labor and Welfare from paying future portions of the fund.
In this regard, Daihatsu Motor applied the interim measure specified in Clause 47-2 of the Business Indicator on Retirement Benefit Costs (Interim Report), the Japanese Institute of Certified Public Accountants Accounting System Committee Report Number 13, and recognized the immunity from retirement payment obligations for the company-paid portion of the employees pension programmes on the same day.
As a result, Daihatsu Motor expects to add approximately 13,000 million yen as extraordinary profit in the consolidated and non-consolidated financial statements for the term ending March 2003.
2. Revised full-term operating forecast for fiscal year 2003(from April 1, 2002 to March 31, 2003)
(Millions of yen)
| Net sales | Recurring income | Net income for the period | |
| Previous projection (A) | 950,000 | 16,000 | 6,500 |
| Revised projection (B) | 950,000 | 16,000 | 14,000 |
| Increment (Decrement) (B-A) | - | - | 7,500 |
| Ratio of increment (decrement) | - | - | 115.4% |
| Previous year results (FY 2002, ended March 2002) | 943,938 | 16,132 | 9,310 |
[Reason for revision]
The reason is given in item 1 of the above.