Toyota Motor Corp., Tokyo, expects to contribute 96.9 million yen ($895,000) to its worldwide pension plans by March 31, 2005, according to the company's annual report, filed today with the SEC. The company contributed 213.8 million yen to the plans during the year ended March 31, the report said.
The plans reduced their fixed-income and real estate allocations in 2003, increasing equity and other investments, according to the report. The asset allocation as of March 31 was 49.4% equity, up from 48.7%; 33.4% other, up from 30.7%; 16.9% fixed income, down from 20.1%; and 0.3% real estate, down from 0.5%.
Toyota had worldwide plan assets of 1.05 billion yen and liabilities of 1.89 billion yen as of March 31, 2004, according to the annual report.