1. Background and objective

Aisin Seiki, Denso, Sumitomo Electric Industries, Toyota and Advics agreed in November 2014 to accelerate the consolidation of brake system-related efforts under the control of Advics to further strengthen the competitiveness of Advics's brake system business. In the process of implementing this business reorganization, the companies realized the necessity of increasing Advics' capital to strengthen its business foundation, not only for achieving efficiencies in the development of conventional brake systems, but also for heightening the level of advanced brake-system technologies needed in such areas as autonomous driving. The companies also agreed that the capital increase is to be conducted through third-party allocation, with the capital increase being underwritten by the three companies of Aisin Seiki, Denso and Toyota. Concurrently, Sumitomo Electric Industries is to transfer a portion of its holdings to Denso, resulting in an adjustment to the share-holding ratio.

Toyota Motor Corporation issued this content on 02 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2016 08:08:03 UTC. Original document available at http://newsroom.toyota.co.jp/en/detail/11953489/