Toyota 2015 Annual Report Download - page 116

• the design and development of product sales systems that utilize networks such as the Internet, sale,
leasing and maintenance of computers included within such systems, and sale of products by utilizing
such systems;
• the inland transportation, marine transportation, air transportation, stevedoring, warehousing and
tourism businesses;
• the printing, publishing, advertising and publicity, general leasing, security and workers dispatch
businesses;
• the credit card operations, purchase and sale of securities, investment consulting, investment trust
operation, and other financial services;
• the operation and management of such facilities as parking lots, showrooms, educational facilities,
medical care facilities, sports facilities, marinas, airfields, food and drink stands and restaurants, lodging
facilities, retail stores and others;
• the non-life insurance agency business and the life insurance agency business;
• the production and processing by using biotechnology of agricultural products including trees, and the
sale of such products;
• the sale of goods related to each of the preceding items and mineral oil;
• the conducting of engineering, consulting, invention and research relating to each of the preceding items
and the utilization of such invention and research; and
• any businesses incidental to or related to any of the preceding items.
Dividends
Dividends — General
Toyota normally pays dividends twice per year, including an interim dividend and a year-end dividend.
Toyota’s articles of incorporation provide that retained earnings can be distributed as dividends pursuant to a
resolution of its board of directors. Toyota’s board of directors resolves to pay year-end dividends to holders of
common shares and registered pledgees of common shares of record as of March 31, the record date, in each
year. In addition, the articles of incorporation provide that in the event that Toyota pays a year-end dividend to
holders of common shares, it will pay AA Dividends in cash from surplus to any holders of Model AA Class
Shares or registered pledgees of Model AA Class Shares entered or recorded in the final register of shareholders
as of the record date for the year-end dividend, in preference to holders of common shares or registered pledgees
of common shares. The amount of annual AA Dividends per Model AA Class Share is calculated by multiplying
the amount per Model AA Class Share paid to Toyota as consideration by a rate determined by the board of
directors prior to the issuance of such Model AA Class Share, which rate is not to exceed 5%.
In addition to these year-end dividends, Toyota may pay an interim dividend in the form of cash
distributions from its distributable surplus to holders of common shares and pledgees of common shares of record
as of September 30, the record date, in each year by a resolution of its board of directors. The articles of
incorporation provide that in the event that Toyota pays such interim dividends, Toyota will pay AA Interim
Dividends in cash as interim dividend to any holders of Model AA Class Shares or registered pledgees of Model
AA Class Shares entered or recorded in the final register of shareholders as of the record date for the interim
dividend, in preference to holders of common shares or registered pledgees of common shares. If AA Interim
Dividends are paid during the fiscal year in which the record date for the year-end dividend falls, the amount of
AA Interim Dividends is deducted from AA Dividends to be paid per the above paragraph.
If the amount of the dividends from surplus paid in cash to holders of Model AA Class Shares or registered
pledgees of Model AA Class Shares is less than the prescribed amount of AA Dividends in any fiscal year, the
amount of the shortfall will be carried forward to and accumulate in the following fiscal year and thereafter.
111