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| Akio Toyoda, current Toyota CEO |
In Forbes website, it stated that there was a statement from the CEO of Toyota wanted to save the Japanese manufacturing industry. Before this, Tokugawa Leyasu, the first ‘shogun’ has establishes the military system that ruled Japan from ‘Edo’ until 1863. But now it seems like there will be another ‘shogun’ in Japan history that wanted to establish the manufacturing industry for his beloved country. It is very nice of a business man to do such an honoured work for his country even though that is not much of a (cash) return to him. This is why Japan is special than others, because of their people which is so supportive towards their government.
Akio Toyoda, current CEO of Toyota Motor Corporate, great grandson of the of company’s founder, was born in 1956 in Nagoya, near Toyota City, the capital of Aichi prefecture. The period since 2000, when Akio Toyoda, at age 44, was elected a director, and January 2009 when he became CEO, have been among the most volatile and punishing in TMC’s 75 year history.
Akio Toyoda situation is being compare with the situation happened to Tokugawa in the ‘Edo’ situation in past years. Lots of question flying in the mind of the Japanese people on the situation. Will Akio Toyoda have the ability to survive and help the industry of manufacturing in Japan?
Akio Toyoda and TMC are forecasting an 18.3% increase in global units’ sales to 8.7 million vehicles. Out of this, sales in the U.S. market will rise to 2.35 million units, while domestic sales in Japan are hopefully will increase 6% to 2.2 million units. But, there could be a few problems Toyota have to face in the future as it seem like the company stock prices is moving downwards. It is rumoured that Toyota will undergo a 40% below par profits in the coming days.
Stated in Forbes website, at the TMC annual shareholder’s meeting in Nagoya, Akio communicated his steadfast resolve that TMC should remain a Japan-based and manufacturing-based company.
“To continue to move manufacturing abroad simply in pursuit of profits would reduce employment in Japan,” he said.
It also stated that Toyota Group will be continuing its production of 3 million vehicles in Japan and export half of it globally. But, the advantage of having a high value of Yen and high cost of production in Japan could end-up being a disadvantage for the country as they will be focusing more on cutting the domestic costs and increase local production in overseas operation.
Tokyo Stock Exchange data: TMC (#7203)
Current stock price : 3060 yen.
Ten year hi/lo : 8350 yen (2007/2)/2330 yen (2011/11).
PBR 0.98x; PER (forward) 13.6x.
Dividend yield 1.67%; EPS yield 2.74%.
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