Toyota Toyota President's profit forecast for the next fiscal year "will not fall into the red"

Toyota Toyota President's profit forecast for the next fiscal year ending March 31, 2015 “We will not fall into the red” June 11, 15:16

Toyota Motor Corporation's general meeting of shareholders was held at the head office in Toyota City, Aichi Prefecture, and President Akio Toyota made a profit forecast of ¥500 billion for the fiscal year ending March 31, 2018 in the difficult business environment due to the new coronavirus. "Toyota gave a message that he would not fall into the red," he emphasized that the corporate structure has been strengthened compared to the time of the Lehman shock.

Toyota's general meeting of shareholders began at 10:00 am on the 11th at the headquarters in Toyota City. This year, we called on ourselves to refrain from visiting the site to prevent infections, and the number of shareholders attended was just over 300, far below the 5,500 last year.

At the beginning of the general meeting, the company's earnings for the fiscal year ended March 31, which showed the profit of its main business, was 2,442.8 billion yen, a decrease of 1% from the previous year and the final profit increased by more than 10%. Things were reported.

Next, shareholders asked us about their outlook for operating income for the year ending March 31, 2018, which is expected to reach a surplus of ¥500 billion, a decrease of 79% over the previous year.

In response to this, President Toyota said, "In normal terms, it is difficult to give a prospect. The automobile industry has a wide base and has a large ripple effect on the Japanese economy. I thought it was my duty to show the standard." I explained.

In addition, President Toyota said, "In the last year's financial results and this year's earnings forecast, Toyota indicated that Toyota would not fall into the red. Unlike the time of the Lehman shock, it became the starting point for becoming a company that can be depended on by the world. I stood up.” He emphasized that the corporate structure is being strengthened.

The general meeting ended in about 1 hour and 20 minutes.