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

TOYOTA MOTOR CORP (7203)
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Mobilizing for Seniors: Toyota Begins Program With Two North Texas-Based Meals on Wheels to Help Serve More in Need

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02/24/2018 | 02:09pm CET

PLANO, Texas, Feb. 23 -- Toyota Motor Sales USA issued the following news release:

In the United States, every day more than 10,000 adults turn 65, and one in six struggles with hunger. In the Dallas-Fort Worth Metro area, which has the 10th largest senior population in the U.S., 9% of seniors live below the poverty line and nearly 25,000 households headed by seniors have limited mobility. It's an issue that Toyota, Collin County Meals on Wheels and VNA Texas - Meals on Wheels, are tackling head on.

Toyota is working with both organizations to serve more seniors - the hidden hungry, homebound, aging and unable to access resources like food pantries and grocery stores. Part of the effort includes sharing principles of the Toyota Production System to find improvements in their daily work, including meal production, delivery and volunteer recruitment.

Toyota also deployed a team to advise on the development of technology solutions to promote efficient meal delivery, improve volunteer engagement, and maximize data collection, including health data. The team is working with VNA Texas - Meals on Wheels to build a web and app-based platform, funded through the Lyda Hill Foundation and Toyota. The technology is expected to launch later this year and offer scalability for other Meals on Wheels organizations nationwide.

"Through technology we can help improve the quality of life for seniors, bringing critical services and opportunities to their doors," said Ryan Klem, Toyota Social Innovation.

Throughout North Texas and across the nation, the number of individuals who rely on Meals on Wheels for their daily nutritional needs is growing. In Dallas County alone, there are more than 6,000 seniors waiting to receive meal service.

"Our aim is to create a solution that can be shared with other Meals on Wheels organizations throughout the country, helping to address the growing need for their services while informing care," Klem added.

Information gathered during wellness checks will be entered in an app, assisting with timely client follow up and helping to connect clients to vital services. Center for Applied Health Research, part of the Baylor Scott & White Research Institute, is helping to inform and evaluate the program, analyzing the data to help improve the health and wellbeing of vulnerable seniors.

"As a health care organization with an 84-year history, VNA is committed to incorporating technology to provide comprehensive care to our growing senior population. Toyota is an ideal partner to leverage their vast expertise with innovative solutions to increase mobility for our homebound neighbors," said Katherine Krause, president and CEO, VNA Texas. "The work we are doing with Toyota will enhance and expand our partnerships with health care entities to address the social determinants of health in North Texas."

Toyota also stepped in to join the volunteer ranks. Starting next month, Toyota will deliver meals once a week with Meals on Wheels Collin County to individuals in Plano, part of a year-long volunteer engagement effort.

"This joint effort is a game changer for us," said Zella Tyson, CEO, Meals on Wheels Collin County. "It allows us to meet needs faster, allocate resources more effectively, and ultimately better serve our current and future clients."

About VNA - Meals on Wheels

Established in 1934, VNA is a nonprofit 501(c)(3) organization that helps older adults age with dignity and independence at home. VNA is the community's most trusted provider of quality healthcare services in the home and was the first and is the most experienced Hospice Care provider in Texas. VNA offers Meals on Wheels in Dallas County, and VNA Hospice and VNA Care Choices in Collin, Cooke, Dallas, Denton, Ellis, Grayson, Henderson, Hunt, Kaufman, Navarro, Rockwall, Tarrant and Van Zandt Counties. Visit www.vnatexas.org or call 1 (800) CALL-VNA for more information.

About Meals on Wheels Collin County

Meals on Wheels Collin County (MOWCC) is a 501(c)(3) non-profit organization. Established in 1976, MOWCC assists disabled and older adults by combating hunger and isolation, allowing them to remain healthy and independent in their families, homes, and communities. MOWCC offers hot, nutritious meals five days a week along with wellness visits to the senior citizens of Collin County. For more information, visit our website at www.mowcc.com or call our office at 972-562-6996.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 33 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 46,000 people (more than 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.6 million cars and trucks (2.4 million in the U.S.) in 2017 - and about 87 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

Toyota partners with community, civic, academic, and governmental organizations to address our society's most pressing mobility challenges. We share company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places. For more information about Toyota, visit www.toyotanewsroom.com.

© 2018 Targeted News Service, source News Service

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Financials ( JPY)
Sales 2018 28 927 B
EBIT 2018 -
Net income 2018 2 209 B
Debt 2018 14 597 B
Yield 2018 2,97%
P/E ratio 2018 9,83
P/E ratio 2019 10,04
EV / Sales 2018 1,32x
EV / Sales 2019 1,29x
Capitalization 23 608 B
Chart TOYOTA MOTOR CORP
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Toyota Motor Corp Technical Analysis Chart | 7203 | JP3633400001 | 4-Traders
Technical analysis trends TOYOTA MOTOR CORP
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 23
Average target price 7 863  JPY
Spread / Average Target 8,7%
EPS Revisions
Managers
NameTitle
Akio Toyoda President, Chief Financial Officer & Director
Takeshi Uchiyamada Chairman
Kiyotaka Ise General Manager-Technology & Development
Shigeki Terashi Director, Chief Risk Officer & Executive VP
Shigeru Hayakawa Vice Chairman
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