This excerpt taken from the TM 20-F filed Jun 26, 2006.
The following table sets forth purchases of Toyotas common stock by Toyota and its affiliated purchasers during fiscal 2006:
On June 23, 2005, share repurchases were approved at the Ordinary General Shareholders Meeting pursuant to which Toyota may purchase during a one-year period until the next Ordinary General Shareholders Meeting up to the lesser of 65,000,000 shares of common stock or the number of shares equivalent to ¥250.0 billion in cost of repurchase. This share repurchase program expired on June 23, 2006. For a discussion of past and current share repurchases, see Business Overview Toyotas Strategy Focus on Shareholder Value.
In addition, Toyota may repurchase its own shares through a stock exchange on which such shares are listed or by way of tender offer pursuant to a resolution of the board of directors under Toyotas articles of incorporation. However, Toyota has never repurchased its own shares under such provision.