16th November, 2004
Listed company name: Daihatsu Motor Co., Ltd.
President: Takaya Yamada
Security code: 7262 (Tokyo Stock Exchange and Osaka Securities Exchange)
Parent company: Toyota Motor Corporation
President: Fujio Cho
Security code: 7203 (used in Japanese securities industry)
Notice of Subsidiary Dissolution
Daihatsu Motor Co., Ltd. hereby gives notice that the three company subsidiaries of Fahren Miyagi Co., Ltd., Itagaki Shoji Co., Ltd. and Itagaki Kosan Co., Ltd. will be dissolved.
The above three companies are subsidiaries of Miyagi Daihatsu Co., Ltd., which is wholly owned by Daihatsu Motor Co., Ltd.
Particulars
Outline of subsidiaries
(1) Fahren Miyagi Co., Ltd.
| Location: | 1-22-18, Futabagaoka, Aoba-ku, Sendai-shi, Miyagi, Japan |
| Representative: | Yoshishige Itagaki |
| Capital: | 30,000,000 yen |
| Shareholder: | Miyagi Daihatsu Co., Ltd. 100% |
(2) Itagaki Shoji Co., Ltd.
| Location: | 3-3-1, Kokubun-cho, Aoba-ku, Sendai-shi, Miyagi, Japan |
| Representative: | Tadashi Ohta |
| Capital: | 10,000,000 yen |
| Shareholder: | Miyagi Daihatsu Co., Ltd. 100% |
(3) Itagaki Kosan Co., Ltd.
| Location: | 3-3-1, Kokubun-cho, Aoba-ku, Sendai-shi, Miyagi, Japan |
| Representative: | Tadashi Ohta |
| Capital: | 10,000,000 yen |
| Shareholder: | Miyagi Daihatsu Co., Ltd. 100% |
Reason for dissolution
The decision was made to dissolve the three subsidiaries as their sales activities had already been suspended.
Date of dissolution
Procedures will be commenced promptly, and dissolution is scheduled to take place before the end of March 2005.
Future outlook
The dissolution of the three subsidiaries is expected to have minimal effect on the financial conditions of Daihatsu Motor Co., Ltd. and Toyota Motor Corporation in the current fiscal year.