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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Delayed Japan Exchange  -  02:00 2022-08-18 am EDT
2143.50 JPY   -1.81%
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Toyota Motor : What Akio Toyoda Looks for in a Successor

06/24/2022 | 02:46pm EDT

Over the past 13 years, what I did to transform Toyota was call on employees to "make ever-better cars" and strive together toward that goal, rather than leading the company through numerical targets.

Much has changed over these 13 years, and I believe Toyota now offers a wide variety of products that have become the preferred choice of customers worldwide.

Everyone involved in Toyota's car making, including suppliers, has contributed to improving these products. Our dealers have also played an important role in understanding customer feedback.

I believe that our ability to offer such a wide range of products results from everyone striving together to make ever-better cars, with a shared desire to work for the good of all stakeholders.

We continue to hone Toyota's philosophy, originating in the Toyoda Principles, and our technique of TPS. I believe the fruits of these efforts are our products.

In fact, at today's venue, our methods for handling attendee flow in these wet conditions employed TPS concepts.

You may think that TPS only applies to production, but it has become a companywide skillset used by everyone from office staff to developers. I hope you understand that.

I am also doing everything I can to pass on our philosophy and skills to the next generation. I hold weekly morning meetings with executives and regional CEOs, along with other meetings with a broader group, to share my management philosophy. And I continue to get behind the wheel on the front lines of car development.

The world is moving towards a more diverse, uncertain future. As a company seeking to "produce happiness for all," I have three dos and don'ts at Toyota: "empathy, not confrontation," "winning hearts, not winning arguments," and "smiles, not anger."

The publication we distributed today describes the importance of passing on the organization's philosophy, skills, and conduct, as seen in the leadership in "iemoto" (master of the house) of traditional Japanese culture, such as tea ceremony and flower arrangement.

I will continue doing my best to pass on what makes us Toyota to the next generation.

Disclaimer

Toyota Motor Corporation published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 18:45:00 UTC.


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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2023 35 997 B 266 B 266 B
Net income 2023 2 998 B 22 147 M 22 147 M
Net Debt 2023 18 917 B 140 B 140 B
P/E ratio 2023 10,1x
Yield 2023 2,77%
Capitalization 29 880 B 221 B 221 B
EV / Sales 2023 1,36x
EV / Sales 2024 1,28x
Nbr of Employees 376 971
Free-Float 69,7%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 2 183,00 JPY
Average target price 2 451,05 JPY
Spread / Average Target 12,3%
EPS Revisions
Managers and Directors
Akio Toyoda Director & General Manager-Asia
Kenta Kon Chief Financial Officer, Director & GM-Accounting
Takeshi Uchiyamada Director & Manager-Development Center 2
Keiji Yamamoto Chief Information & Security Officer
Seiji Sakai Manager-Information Systems & IT Management
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