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In the face of such major changes in the business environment, we were able to generate nearly 3.8 trillion yen in profit.
While these financial results represent Toyota Motor Corporation’s performance for a single fiscal year, they are also the accumulation of efforts built up over a very long period of time. They reflect not only Toyota’s own efforts, but also the collaboration, partnership, and initiatives undertaken together with many stakeholders.
I would like to express my sincere gratitude to our predecessors and to all of our stakeholders.
I am also truly grateful that we remain in an environment where we can continue making growth investments steadily, without having to apply the brakes.
As for the breakeven volume, the upward trend has not yet been halted. However, we have not reached a situation like that seen during the global financial crisis, when volumes exceeded 8 million units by a large margin.
That said, it is true that the trend is edging upward. As mentioned in today’s presentation, I believe we have already begun responding steadily with measures that can be implemented in the short term. These initiatives have only just begun this fiscal year, so naturally we will continue them over the remaining 11 months.
As for medium- to long-term measures, some initiatives have only recently begun, and in some areas the effects have not yet fully appeared in either the previous or current fiscal year. However, if we continue steadily, I believe the results will certainly come.
Overall, I believe we are in a position where we can continue making growth investments steadily—in other words, a position where we can step on the accelerator. Rather than applying the brakes across the board, these financial results allow us to identify unnecessary processes and inefficiencies one by one, transform our structure piece by piece, and continue driving reform.
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