Announcement Regarding the End of Consignment Production at Subaru of Indiana Automotive, Inc.(SIA)
May 9, 2014
Company name: Fuji Heavy Industries Ltd.
Representative: Yasuyuki Yoshinaga, President
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Kazunori Yamafuji
General Manager of Administration Department
Announcement Regarding the end of consignment production
at Subaru of Indiana Automotive, Inc.(SIA)
This is to give notice as follows that Fuji Heavy Industries Ltd. (FHI) decided to end the consignment production for Camry on 2016 fall that has been continuing with Toyota Motor Corporation (Toyota) since 2007.
1. Reason for the end of consignment production.
The decision of the end of production has been made and agreed after consultation based off of the ideas of each company’s optimum distribution for manufacturing resources.
2. Outline of Capital and Business Alliance Counterparty
|(1) Name||Toyota Motor Corporation|
|(2) Head office||1 Toyota-Cho, Toyota City, Aichi Prefecture 471-8571, Japan|
|(3) Representative||Akio Toyoda,President and Representative Director|
|(4) Main business||Manufacture, sale, lease, and repair of motor vehicle, industrial truck, a vessel, an airplane, other apparatus for transportation, a spacecraft machine, and its partly-finished goods|
|(5) Paid-in capital||397,050 million yen（at march 31,2013）|
|(6) Establishment||August 27,1937|
|(7) Major shareholders
And shareholding ratio
|(8) Toyota's relationship
|Capital ties||Toyota holds 129,000,000 common stocks of FHI(16.48%, share for number of common stocks)|
|Personnel ties||2 officers are engaged in managements as of May 9, 2014. There are not any other special personnel ties.|
|Business ties||FHI formed a basic agreement for business alliance with Toyota on October 2005. FHI operates consignment production of "Toyota Camry" at SIA. FHI also produces joint development products such as "SUBARU BRZ" and "TOYOTA 86" at Gunma plant in Japan. OEM vehicle products are supplied by Daihatsu.|
|Relationship of two parties||There are corporate relationships between the Company and Toyota|
|(9) Toyota's Consolidated Performance and Financial Position in the Past Three Years|
|Shareholders' equity(Million Yen)||11,066,478||12,772,856||15,218,987|
|Total assets(Million Yen)||30,650,965||35,483,317||41,437,473|
|Shareholders' equity per share(Yen)||3,331.51||3,835.30||4,564.74|
|Net revenues(Million Yen)||18,583,653||22,064,192||25,691,911|
|Operation income(Million Yen)||355,627||1,320,888||2,292,112|
|Income before income taxes and equity in earnings of
Affiliated companies(Million Yen)
|Net income attributable to
Toyota Motor Corporation(Million Yen)
|Net income attributable to Toyota Motor Corporation
|Annual cash dividends per share(Yen)||50.00||90.00||165.00|
Since FHI formed a basic agreement with Toyota for business alliance on October 2005, both companies have been seeking effective utilization of managerial resources in R&D and manufacturing areas in full respect of each brand and independence for management. FHI continues business alliance with Toyota in products and technology in order for both companies to strengthen competitiveness and to grow in a long run. This change has no effect on business performance for FHI.