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The full lineup strategy for EVs remains unchanged
Toyota Motor Corp. forecasts sales of 8mn electric vehicles in 2030 At the time of the announcement of these financial results, the company explained its approach and its strategy toward carbon neutrality. The company also declared its 100% commitment to achieving carbon neutrality around the world. The company will continue to carry out the strategy of providing a full lineup of electric vehicles to reduce CO2 emissions by offering sustainable…
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In the 3Q financial results announcement, the company maintained its initial R&amp;D expenditure plan and reduced its CAPEX plan by JPY50bn. However, the company has not changed the policy of maintaining high levels of R&amp;D expenditure and CAPEX despite COVID-19. We, QUICK Corporate Valuation Research Center positively evaluate the company's stance of not cutting back on upfront investment for future growth.
While the automotive industry is said to be undergoing a once-in-a-century transformation…

Morningstar

Morningstar, Inc.

We are not changing our Toyota fair value estimate despite the company lowering its fiscal-year 2019 guidance in its fiscal third-quarter results. The guidance change is only at the net income level and is mostly due to a noncash charge for unrealized losses under ASU 2016-01 for the firm's many public equity holdings as these securities declined in value at the end of calendar 2018. The company's operating metrics remained healthy in our view for the quarter, and management did not change…

We are not changing our fair value estimate after looking at Toyota's fiscal 2019 second-quarter numbers. The company grew diluted EPS 31% year over year and raised fiscal 2019 guidance for revenue, operating income, and net income. The guidance change in our view is coming from less expected sales incentives in the back end of the fiscal year and a weaker yen against the dollar for fiscal 2019 than previously guided at now JPY 110 versus JPY 106. This currency assumption change means an extra…

On Oct. 8, the Intergovernmental Panel on Climate Change released a report that calls for faster electric vehicle and hybrid adoption as part of the actions needed to limit the effects of climate change. The report calls for emissions to be reduced 45% versus 2010 levels by 2030. The report will be a key topic at the Katowice Climate Change Conference in December, where governments from around the world will review the Paris agreement. We think the report's conclusions could lead to governments…

Japan

Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.

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