Elderly Couple and Donkey Tale Used as an Illustrative Example by Akio
In an effort to instil hope and optimism, Toyota Motor Corporation has shared its financial forecast for the current fiscal period. Despite facing challenges, the automotive giant anticipates an operating profit, even considering the potential impacts from COVID-19.
In a statement, Akio Toyoda, the company's President, emphasised the importance of spreading optimism and using strength to contribute to making the world a brighter place. He has been proactively thinking about how to use Toyota's strength to contribute to society during these challenging times.
The forecast, which stands at 500 billion yen, is a significant turnaround from the operating deficit of 460 billion yen Toyota experienced during the global financial crisis. This positive outlook serves as a strategic move to assure stakeholders of Toyota's financial health and future prospects.
However, media reports focusing on a potential 80% decrease in Toyota's operating profit for the current year have caused some concern. Akio Toyoda expressed feelings of sadness over these reports, stating that they have changed public opinion about Toyota's profit forecast.
In response to a shareholder's question about the intentions behind releasing the forecast, Akio Toyoda stated that the figure is "a guideline that we, at a bare minimum, must commit to achieving." He emphasised that the company is committed to its long-term goals and financial stability, despite short-term fluctuations.
Akio Toyoda also addressed the shareholder's concern about the media's focus on the potential decrease in profit. He believes that the media tend to have a self-righteous attitude, acting as though they are the only ones who can decide what is considered news.
In the current age, where anyone can share information, making everyone a potential journalist, the intention behind sharing information is crucial. Akio Toyoda emphasised that information can have a positive or negative impact on people, and it's important to consider the implications before sharing.
In a heartfelt message, Akio Toyoda expressed his most sincere appreciation for everyone's diligent efforts and the support received from everyone in the mid-to-long term. He highlighted the importance of protecting skills and human resources in manufacturing, as demonstrated in the recently published story, "Toyota's 'Oyaji' Kawai Calls To Protect Monozukuri."
The Toyota Times will continue to share stories that reflect Toyota's commitment to resilience, optimism, and its mission to "mass produce" happiness.
Akio Toyoda, the President of Toyota Motor Corporation, highlighted the company's long-term commitment to financial stability and its mission, even in the face of short-term fluctuations. In response to the potential 80% decrease in Toyota's operating profit for the current year, Akio Toyoda has emphasized the importance of considering the implications before sharing financial information, as it can have a significant impact on public opinion.
