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OFFON

BANK OF NEW YORK MELLON CORPORATION (THE)

(BK)
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General Announcement::Toyota Motor Corporation - Ratio Change

09/06/2021 | 12:52am EDT

240 Greenwich Street

8th Floor

New York, NY 10286

September 3, 2021

To: New York Stock Exchange (NYSE)

Toyota Motor Corporation - Ratio Change

ADS CUSIP: 892331307

ADS ISIN: US8923313071

ADS Ticker Symbol: TM

Ratio (ADS: Underlying Shares): 1:2

Toyota Motor Corporation has announced a five (5) for one (1) forward stock split on its ordinary shares in the local market effective October 1, 2021. As a result, BNY Mellon will change the ratio on the Toyota Motor Corporation American Depositary Receipt ("ADR") program from one (1) American Depositary Share ("ADS") representing two (2) ordinary shares to a new ratio of one (1) ADS representing ten (10) ordinary shares.

ADR Effective Date: October 1, 2021

Old ADR Ratio: 1 ADS: 2 Ordinary Shares

New ADR Ratio: 1 ADS: 10 Ordinary Shares

No exchange of ADSs will be made. The number of outstanding ADSs will not change. Exchange of ADS certificates is not required, but replacement ADS certificates will be made available upon request of holders. The ADS CUSIP will remain the same. ADS holders need not take any action in regards to this ratio change.

Please note: A ratio change may impact the fees payable by DR investors.

BNY Mellon's Books will be closed for all issuances and cancellation transactions from the close of business September 30, 2021. BNY Mellon anticipates opening the books on October 1, 2021.

Thank you in advance for your assistance. Feel free to contact me should you require further assistance.

Sincerely,

Ambrose Chu

Tel. +1(212) 815-4238

Fax +1(212) 571-3050

Email: gcatinfo@bnymellon.com

cc: The Depository Trust & Clearing Corporation

PLEASE SEE INVESTOR DISCLOSURE ON THE LAST PAGE

This notice and the information and data provided herein are provided for general informational purposes only. BNY Mellon does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data. BNY Mellon does not undertake any obligation to update or amend this notice or any information or data, and may change, update or amend this notice or any information or data at any time without prior notice.

BNY Mellon provides no advice, recommendation or endorsement with respect to any company or securities. No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such. We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon this notice or any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

BNY Mellon collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued. From time to time, BNY Mellon may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program. BNY Mellon may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor. BNY Mellon may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

BNY Mellon may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY Mellon. In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY Mellon acts as principal counterparty and not as agent, advisor, broker or fiduciary. In such cases, BNY Mellon has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY Mellon earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account. The methodology used by BNY Mellon to determine DR conversion rates is available to registered Owners upon request or can be accessed at https://www.adrbnymellon.com/us/en/news-and- publications/dr-issuers/drs_foreign_exchange_pricing_disclosure.pdf.

In those instances where BNY Mellon's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or to ensure that the method by which the rate will be determined will be the most favorable rate, and BNY Mellon makes no representation that the rate is the most favorable rate and will not be liable for any direct or indirect losses associated with the rate. In certain instances, BNY Mellon may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency. In such cases, BNY Mellon will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is the most favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

This notice or any excerpt of this notice may not be copied or reproduced without the prior express written consent of BNY Mellon.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

BNY Mellon's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY Mellon.

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY MELLON AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

Disclaimer

The Bank of New York Mellon Corporation published this content on 06 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2021 04:51:06 UTC.


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Sales 2021 15 867 M - -
Net income 2021 3 540 M - -
Net Debt 2021 33 209 M - -
P/E ratio 2021 14,4x
Yield 2021 2,20%
Capitalization 49 310 M 49 310 M -
EV / Sales 2021 5,20x
EV / Sales 2022 5,05x
Nbr of Employees 48 900
Free-Float 61,0%
Chart BANK OF NEW YORK MELLON CORPORATION (THE)
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Bank of New York Mellon Corporation (The) Technical Analysis Chart | BK | US0640581007 | MarketScreener
Technical analysis trends BANK OF NEW YORK MELLON CORPORATION (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 59,71 $
Average target price 62,03 $
Spread / Average Target 3,88%
EPS Revisions
Managers and Directors
Thomas P. Gibbons Chief Executive Officer & Director
Emily H. Portney Chief Financial Officer
Joseph J. Echevarria Non-Executive Chairman
Bridget E. Engle Chief Operations & Technology Officer
James S. Wiener Chief Investment Officer & Senior Vice President
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