Unite in Strength: Remarks by President Akio Toyoda During Discussion of FY2020 Financial Results at Toyota Corporation
In a virtual press conference on May 12, 2020, Akio Toyoda, President of Toyota Motor Corporation, shared his thoughts on how Toyota intends to confront the COVID-19 crisis.
Throughout his tenure as president, Toyoda has steered the company through numerous crises, including the global financial crisis, recall crisis, Great East Japan Earthquake, flooding in Thailand, and the so-called "Six Hardships" in Japan. Reflecting on these challenges, Toyoda expressed his appreciation for all the people on the front lines of the medical sector and for all the people who are supporting our everyday routines.
Toyota, he stated, is ready to do whatever it can to make itself of use during the COVID-19 crisis. The company has been actively producing medical face shields, protective gowns, masks, and other items, using 3D printers in the United States and extending efforts to other parts of the world, including Japan and Europe.
Toyota has also been focusing on supporting items they cannot produce on their own, such as ventilators, by applying Toyota Production System (TPS) to improve productivity.
In addition to its efforts in the medical field, Toyota has been cultivating Toyota people in the world who can wish for and take action for the happiness of those other than themselves. Toyota believes that its mission is to provide goods and services that make people throughout the world happy, or, in other words, to "mass produce" happiness.
Toyota has also been actively advancing the building of partnerships through alliances. Akio Toyoda emphasized the importance of protecting human resources with skills and techniques, even during tough times.
Over the past few years, Toyota has been feverishly engaging in both "a fight to bring back what makes us Toyota" and "completely redesigning Toyota for the future." Toyota has held fast at all costs to protect its domestic production, no matter how severe the economic environment has been. The domestic production system, Toyota believes, is the foundation for a global Toyota.
Looking forward, Akio Toyoda expressed his desire for Toyota to become a company that can be depended on by people throughout the world and a company that is necessary. He also emphasized the importance of living Toyota's life with Earth, society, and all stakeholders, taking care of a "home planet" in the course of conducting corporate activities.
Lastly, Akio Toyoda expressed his commitment to earnestly engaging in the sustainable development goals, or SDGs, for which international society is aiming, with the stance of "no one will be left behind."
The press conference was conducted online due to social distancing measures, reflecting the new normal in the midst of the global pandemic. Despite the challenges, Toyota remains committed to its mission and is ready to face the future with resilience and determination.
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