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Name | Symbol | Market | Type |
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Toyota Motor Corporation | NYSE:TM | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-2.27 | -1.29% | 173.56 | 659 | 10:20:03 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of November, 2024
Commission File Number 001-14948
Toyota Motor Corporation
(Translation of Registrants Name Into English)
1, Toyota-cho, Toyota City,
Aichi Prefecture 471-8571,
Japan
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Material Contained in this Report:
I. | English translation of the registrants announcement with respect to submission progress report on recurrence prevention measures, as filed by the registrant with the Tokyo Stock Exchange on November 25, 2024. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Toyota Motor Corporation | ||||
By: | /s/ Yoshihide Moriyama | |||
Name: | Yoshihide Moriyama | |||
Title: | General Manager, | |||
Capital Strategy & Affiliated Companies Finance Division |
Date: November 25, 2024
November 25, 2024
Toyota Submits Progress Report on Recurrence Prevention Measures
Toyota Motor Corporation (Toyota) has submitted a progress report on measures to prevent recurrence of model certification application issues to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) today in light of the correction order the ministry issued on July 31. This report, summarizing actions taken to date, is the first of a series of quarterly reports.
Response to the correction order
We are reviewing our mechanisms and systems to increase legal compliance awareness among all employees and to enable them to do their work in a correct manner. This incident prompted management to make more frequent visits to the genba. Through this process, we found that we were not taking the necessary steps at the necessary times, including decisions on managing aging equipment. Going forward, management will make swift decisions on actions required in the medium to long term and will share that information with all employees. Through a series of such initiatives, we aim to be the company of choice for our customers.
Specific progress of measures to prevent recurrence
We are promoting on-site management to drive development and certification work. We have also implemented measures to remedy any issues identified through that process.
| To be able to take appropriate actions immediately when abnormalities are found, management is visiting the genba in person to learn about the actual situation to create the appropriate environments and allocate resources needed for Human Development, Monozukuri and Strengthening Foundations. |
| We have reviewed responsibilities and processes so that appropriate management can be made at each stage of development and certification application. |
| We have introduced education programs to improve managements understanding of certification rules and its awareness of compliance. |
| The Legal Supervisor is attending internal certification tests and shares audit results with management. |
| We have established means for appropriate storage and handling of certification-related data. |
| We are using digital technology to automatically generate test results (to reduce human errors and workloads, etc.). |
| We are pursuing improvement of compliance awareness in development and certification departments using educational environments, including the Quality Learning Center, and by offering e-learning opportunities to all employees. |
Through Toyotas company-wide TPS training program for Certification Work, we are also working to develop a corporate culture across the Toyota Group to address fundamental challenges in development. We are treating this as an opportunity to review not only our development and certification operations but the way we work in every process, from planning to sales. In this regard, we are currently conducting kaizen activities, fully considering the effect on prior to and post processes.
To once again gain the trust of our stakeholders, we will make company-wide efforts to prevent the recurrence of these issues.
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