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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
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Toyota Motor : to make all global plants carbon neutral by 2035

06/11/2021 | 05:18am EDT

Toyota Motor Corp. said Friday it will make all its global factories carbon neutral by 2035, rather than the previously planned 2050, accelerating its decarbonization efforts by tapping innovation and improving production methods.

The new goal is designed to respond to stricter environmental regulations worldwide as momentum is building toward reducing CO2 emissions to address global warming. The Japanese automaker is not only making its vehicles more eco-friendly but also decarbonizing its manufacturing process.

"We are shortening the time frame for achieving carbon neutrality by developing technologies" to reduce CO2, Chief Production Officer Masamichi Okada said during an online briefing.

Aiming for carbon neutrality provides an opportunity to "fundamentally rethink" manufacturing, Okada said.

Toyota is also asking parts suppliers to reduce CO2 emissions by around 3 percent in 2021 from a year ago, making it an environmental effort by the whole supply chain.

Major economies like Japan, the European Union and the United States have vowed to attain carbon neutrality by 2050.

The transport sector is one of the major CO2 emitters and there are moves in China and Europe toward imposing stricter environmental regulations, including on CO2 emissions from manufacturing.

Automakers are increasingly focused on electrifying cars, shifting away from gasoline-powered vehicles.

Toyota aims to sell 8 million electrified vehicles globally in 2030, about quadruple the current figure and equal to around 80 percent of the automaker's current annual sales. Toyota has taken the lead in hybrids and fuel cell vehicles.

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials
Sales 2021 26 768 B 242 B 242 B
Net income 2021 1 963 B 17 761 M 17 761 M
Net Debt 2021 13 969 B 126 B 126 B
P/E ratio 2021 13,8x
Yield 2021 2,34%
Capitalization 27 876 B 253 B 252 B
EV / Sales 2021 1,56x
EV / Sales 2022 1,51x
Nbr of Employees 366 283
Free-Float 72,0%
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Technical analysis trends TOYOTA MOTOR CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 10 447,37 JPY
Last Close Price 9 638,00 JPY
Spread / Highest target 34,9%
Spread / Average Target 8,40%
Spread / Lowest Target -21,1%
EPS Revisions
Managers and Directors
NameTitle
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION23.58%244 556
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FORD MOTOR COMPANY65.19%58 997