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

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Toyota Motor : president urges Japan-U.S. effort for N. America prosperity

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01/23/2017 | 10:23am CET

Toyota Motor Corp. President Akio Toyoda said Monday it is important for the United States and Japan to "cooperate toward prosperity" of the North American region following U.S. President Donald Trump's inauguration last week.

Toyota Motor said earlier this month it would spend $10 billion in the United States over the next five years after Trump criticized the Japanese automaker for building a production plant in Mexico.

Trump vowed in his inauguration speech to renegotiate the North American Free Trade Agreement with Mexico and Canada, a threat to global automakers using plants in Mexico as an export hub to ship vehicles to the U.S. market.

Speaking at a ceremony in Gifu Prefecture, Toyoda also welcomed the presence in the Trump administration of new Vice President Mike Pence, with whom he met before Pence took office.

"It's encouraging there is the vice president, who listens to and understands us," Toyoda said. Pence served as governor of Indiana, where Toyota has an assembly plant.

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials ( JPY)
Sales 2017 26 777 964 M
EBIT 2017 1 772 000 M
Net income 2017 1 714 662 M
Debt 2017 4 579 148 M
Yield 2017 3,08%
P/E ratio 2017 11,76
P/E ratio 2018 10,20
EV / Sales 2017 0,99x
EV / Sales 2018 0,97x
Capitalization 21 829 453 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 7 217  JPY
Spread / Average Target 7,9%
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Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Takahiko Ijichi Chief Financial Officer, Director & Executive VP
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
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