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

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Toyota Motor : TABC Adopts a Position on the European Commission's Proposal for an E-Privacy Regulation

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05/24/2017 | 02:37pm CEST

WASHINGTON, May 23 -- The Trans-Atlantic Business Council issued the following news release:

Today, the Trans-Atlantic Business Council (TABC) released a position paper on the European Commission's Proposal for an ePrivacy Regulation. The TABC position paper highlights concerns of the transatlantic business community with respect to the discriminatory effects of the regulation to "electronic communication services" and the misalignment with the upcoming General Data Protection Regulation (GDPR).

TABC welcomes a modernized European privacy framework that will ensure consumer trust in electronic communications and allows companies enough flexibility to innovate, as the landmark GDPR will accomplish once implemented in 2018. However, the ePrivacy Regulation, as currently drafted, falls short of an ideal framework.

TABC encourages EU policy-makers to adjust the proposal to meet its desired goal of harmonizing the privacy framework related to electronic communications within the EU and to ensure that telecommunications and other services are not subject to unjustified additional regulations. In our paper, we (1) illustrate that the proposal fails to follow a transatlantic trend away from technology sector-specific regulations on data privacy, (2) argue that the conditions necessary to process metadata are far too narrow and ultimately misalign with the GDPR, and (3) express significant concerns with expanding the ePrivacy Regulation to apply to machine-to-machine (M2M) communications which could significantly deter investment in IoT innovation.

Strong incentives for continued investment in the EU and the U.S. in secure and high-speed communications infrastructure are necessary to meet the demands of a digital economy. TABC believes that only a balanced and technology-neutral privacy framework will provide the necessary incentives to achieve this goal.

Targeted News Service, source News Service

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Financials ( JPY)
Sales 2018 28 007 874 M
EBIT 2018 -
Net income 2018 1 829 594 M
Debt 2018 9 518 848 M
Yield 2018 3,55%
P/E ratio 2018 9,85
P/E ratio 2019 9,13
EV / Sales 2018 1,04x
EV / Sales 2019 1,02x
Capitalization 19 577 985 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 6 901  JPY
Spread / Average Target 15%
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NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Osamu Nagata Director, Chief Financial Officer & EVP
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
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