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Market
Toyota's strategic response to environmental regulations by end of 2024
5
Resolution / Starting Odds
Increase in hybrid production • 33%
Increase in fully electric vehicle production • 33%
No significant strategy change • 34%
Toyota's strategic reports and press releases
Story
Toyota Records Historic Profits, Driven by Hybrid Sales and Weak Yen
May 8, 2024, 09:00 AM
Toyota Motor Corporation has reported a significant increase in its financial performance for the fiscal year 2023, posting record profits driven by robust sales of hybrid vehicles and favorable foreign currency conditions. The company's fourth-quarter operating profit surged by approximately 78%, reaching 1.11 trillion yen ($7.2 billion), primarily due to a weak yen and strong sales. For the entire fiscal year, Toyota achieved an operating profit of 5.3529 trillion yen, marking the highest of any Japanese company in history. Additionally, the automaker recorded a net profit of 4.94 trillion yen ($31.9 billion).
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Similar markets
Competitors increase hybrid production • 25%
Competitors focus on electric vehicles • 25%
Competitors cut prices • 25%
No significant change in competitors' strategies • 25%
Increase investment further • 33%
Maintain current level of investment • 33%
Reduce investment • 34%
Increase investment in domestic EV production • 33%
Form new alliances with non-Chinese EV part suppliers • 33%
No significant change in strategy • 34%
Safety issues fully resolved • 33%
Ongoing minor issues • 33%
New safety issues arise • 34%
Manufacturing efficiency improvements • 25%
Supply chain adjustments • 25%
Reduction in R&D spending • 25%
No significant other measures • 25%
General Motors increases EV production • 25%
Ford increases hybrid vehicle production • 25%
Tesla increases lobbying efforts • 25%
None of the above • 25%
Focus more on existing vehicle improvements • 33%
Expand into new markets • 33%
Reduce overall production • 33%
Stock price higher than June 2024 level • 33%
Stock price lower than June 2024 level • 33%
Stock price approximately the same as June 2024 level • 33%
Increase prices • 25%
Reduce imports • 25%
Shift production • 25%
No significant change • 25%
Introduce new fuel-efficient aircraft • 33%
Implement carbon offset programs • 33%
No significant changes • 34%
