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MarketScreener Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Toyota says labour officials found it responsible for worker suicide

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11/19/2019 | 01:31am EST
89th Geneva International Motor Show in Geneva

Toyota Motor Corp on Tuesday said Japanese labour officials have found it responsible for the suicide of an employee, with the Mainichi Shimbun reporting that workplace bullying at the automaker had led to the employee's death.

The news comes as a shrinking workforce and changing values about work-life balance in Japan have meant companies are increasingly found responsible for workplace-related suicide.

Toyota City's labour standards officials had been investigating the 2017 suicide of a Toyota Motor employee, a spokesman at the automaker confirmed to Reuters.

"It's true that the labour authority determined it was a workplace injury, but we cannot comment further as discussions between representatives are ongoing," the spokesman said.

Daily newspaper Mainichi Shimbun, which was the first to report the officials' conclusion, said that the employee's supervisor had called him an "idiot" said he was "better dead".

The worker committed suicide in a company dormitory at the age of 28, the newspaper reported. The worker's family plans to sue the automaker, the newspaper said.

Labour officials declined to confirm their decision to Reuters, saying they could not comment on individual cases.

Prime Minister Shinzo Abe has been pushing to improve workplace practices in favour of workers' rights, with issues such as parental leave increasingly in the spotlight.

(Reporting by Takashi Umekawa; Editing by Ritsuko Ando and Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
HEWLETT PACKARD ENTERPRISE -2.26% 16.03 Delayed Quote.21.35%
JAPAN SYSTEMS CO.,LTD. 0.26% 383 End-of-day quote.85.92%
TOYOTA INDUSTRIES CORPORATION 2.67% 6530 End-of-day quote.32.72%
TOYOTA MOTOR CORPORATION 2.40% 7811 End-of-day quote.26.39%
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Financials (JPY)
Sales 2020 30 103 B
EBIT 2020 2 562 B
Net income 2020 2 296 B
Debt 2020 14 876 B
Yield 2020 2,95%
P/E ratio 2020 9,78x
P/E ratio 2021 9,32x
EV / Sales2020 1,22x
EV / Sales2021 1,21x
Capitalization 21 760 B
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 8 404,00  JPY
Last Close Price 7 811,00  JPY
Spread / Highest target 28,0%
Spread / Average Target 7,59%
Spread / Lowest Target -25,7%
EPS Revisions
Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Koji Kobayashi CFO, Representative Director & EVP
Shigeki Terashi Director & Executive Vice President
Shigeru Hayakawa Vice Chairman
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