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4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

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Toyota Motor : and Aioi Nissay Dowa Insurance Develop TransLog Telematics Service for Fleet Contractors

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07/29/2016 | 06:48am CEST

Toyota City, Japan, July 27, 2016―Toyota Motor Corporation and Aioi Nissay Dowa Insurance Co., Ltd. will launch a discounted insurance fee service on August 1, 2016. This will be targeted at fleet contractors with 10 vehicles or more, and who implement the Accident Reduction Program that utilizes the TransLog telematics service.

Launched in January this year, TransLog is a Toyota Rent a Car telematics service for corporate car lease users. It aims to contribute to cost reductions, road traffic accident prevention, and the optimization of operational management. Targeting these aims, services such as the Eco Drive Support and fuel efficiency management, dangerous behavior record, and vehicle tracking and tracing are provided.

Aioi Nissay Dowa Insurance will also promote safe driving by providing advice based on actual driving data through the Sasaeru NAVI, a service that utilizes designated on-board devices.

Using vehicle data obtained from TransLog, the service will provide customers with one of Sasaeru NAVI's services, the Accident Reduction Program. Fleet contractors who sign up to this service will be eligible for a 6% discount on their automobile insurance. In order to claim this discount, fleet contractors must install designated on-board devices in 50% or more of their insured vehicles. However, other than Translog, the service can also be used with other on-board devices that are specified by Aioi Nissay Dowa Insurance, thus making it convenient for fleet contractors to sign up for the service.

Through this service, Toyota, Aioi Nissay Dowa Insurance, and Toyota Rent a Car dealers will help to enhance the safety of their customers, and help them drive with a peace of mind. At the same time, all parties involved will work to strengthen Toyota Rent a Car Driving Improvement Support, which proposes optimal ways of using cars to community-based fleet contractors.

Toyota Motor Corporation published this content on 29 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 July 2016 04:47:09 UTC.

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Financials ( JPY)
Sales 2017 27 014 891 M
EBIT 2017 -
Net income 2017 1 635 716 M
Debt 2017 8 175 839 M
Yield 2017 3,43%
P/E ratio 2017 10,86
P/E ratio 2018 9,87
EV / Sales 2017 1,03x
EV / Sales 2018 0,99x
Capitalization 19 557 327 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 6 254  JPY
Spread / Average Target 6,7%
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Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
Shigeki Terashi Representative Director, VP & Secretary
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