TM » Topics » ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED

This excerpt taken from the TM 20-F filed Jun 26, 2006.

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED

                    PURCHASERS

The following table sets forth purchases of Toyota’s common stock by Toyota and its affiliated purchasers during fiscal 2006:

 

Period   (a) Total Number of
Shares Purchased1
  (b) Average Price
Paid per Share
(Yen)
  (c) Total Number of
Shares Purchased as
Part of Publicly
Announced Plans
or Programs2
 

(d) Maximum Number
of Shares that
May Yet Be

Purchased
Under the Plans
or Programs2

April 1, 2005 – April 30, 2005

  6,036   ¥ 4,020.10   0   21,543,500

May 1, 2005 – May 31, 2005

  2,870     3,871.08   0   21,543,500

June 1, 2005 – June 30, 2005

  16,003,711     3,860.01   16,000,000   65,000,000

July 1, 2005 – July 31, 2005

  12,155     4,119.95   0   65,000,000

August 1, 2005 – August 31, 2005

  13,000     4,329.50   0   65,000,000

September 1, 2005 – September 30, 2005

  3,308,723     4,587.98   0   65,000,000

October 1, 2005 – October 31, 2005

  10,225     5,196.62   0   65,000,000

November 1, 2005 – November 30, 2005

  7,610     5,498.22   0   65,000,000

December 1, 2005 – December 31, 2005

  14,751     5,857.10   0   65,000,000

January 1, 2006 – January 31, 2006

  6,684     5,982.13   0   65,000,000

February 1, 2006 – February 28, 2006

  11,583,048     6,210.00   11,575,000   53,425,000

March 1, 2006 – March 31, 2006

  6,659     6,281.03   0   53,425,000
                 

Total

  30,975,472     —     27,575,000   —  
                 

1 All purchases other than purchases publicly announced and other than 3,300,000 shares purchased in September 2005 in open-market transactions, were made as a result of holders of shares constituting less than one unit, which is 100 shares of common stock, requesting Toyota to purchase shares that are a fraction of a unit, in accordance with Toyota’s share handling regulations. Toyota is required to comply with such requests pursuant to the Corporation Act (or until the Corporation Act became effective, the Commercial Code). See “Memorandum and Articles of Association — Japanese Unit Share System.”

 

2 On June 23, 2004, 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, 2005.

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 — Toyota’s 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 Toyota’s articles of incorporation. However, Toyota has never repurchased its own shares under such provision.

 

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