Tokyo Head Office
Toyota will realize sustainable growth while contributing to the development of the automobile industry worldwide guided by an overriding belief in the value of competition and cooperation.
Adding a new chapter to an impressive history of growth, we turned in yet another record-breaking performance in fiscal 2005. Although business conditions in the automobile industry become tougher with each passing year, Toyota has increased competitiveness in markets worldwide by rolling out more-global operations, by stepping up the development of trailblazing technologies, and by pursuing further cost reductions.
As I have said in the past, I am convinced that the automobile industry will grow vigorously in the 21st century. The advent of full-fledged global motorization is bound to continue expanding the automotive market. At the same time, the new social priorities of the emerging era will call for radically new approaches to vehicles. In other words, automotive manufacturing and its management are approaching a watershed. Automakers have to address the issue of coexistence with society, particularly in relation to environmental preservation and safety. And, the outcomes of those efforts will determine companies' competitive success. Accordingly, through a managerial approach that values competition and cooperation, Toyota will do its utmost to achieve sustainable growth as a company qualified to lead and contribute to the development of the global automobile industry.
Recently, we undertook a rejuvenation of our senior management team that included the appointment of a new president. With a fresh era on the horizon, I am confident that we have assembled a management team that can respond agilely to changes in the operating environment and accelerate forward-looking reform. Toyota will continue tireless efforts to fulfill the expectations of its shareholders and other stakeholders by raising corporate value. Our goal is to realize long-term, stable growth as a trusted member of international society.
Hiroshi Okuda , Chairman