Toyota Motor Corporation (“Toyota”) and Aisin Seiki Co., Ltd. (“Aisin”) have agreed today to increase Aisin’s equity participation in Toyota’s subsidiary, Toyota Autoparts Philippines, Inc. (“TAP”), from the current 34 percent to 61 percent and to make it Aisin’s subsidiary. The purpose of this arrangement is to strengthen its competitiveness in the manual transmission (“MT”) business. TAP will be renamed Toyota Aisin Philippines, Inc., and Aisin will take the lead in managing the new company’s business operations.