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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toyota Motor Corp | LSE:0LG5 | London | Ordinary Share | TOYOTA MOTOR ADR REP 2 ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 136.45 | 171 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Vehicles & Car Bodies | 37.15T | 2.45T | 150.2495 | 0.15 | 375.24B |
TIDMTYT
RNS Number : 3877L
Toyota Motor Corporation
10 September 2021
September 10, 2021
TOYOTA MOTOR CORPORATION
Changes to Production Plans for September and October 2021
Due to a shortage of certain parts caused by the spread of COVID-19 in Southeast Asia, Toyota is making further adjustments to our production operations for September, and is reviewing our production plans for October. As for September, it is in addition to the adjustment of production operations announced on Aug. 19 ( Adjustments to Domestic Production in September ). We sincerely apologize to our customers and suppliers for any inconvenience that may be caused by these changes.
The global production volume affected by these adjustments will be approximately 70,000 units (40,000 units overseas and 30,000 units in Japan) for September and 330,000 units (180,000 units overseas and 150,000 units in Japan) for October, compared to the production plan as of August.
Regarding the full-year production forecast for the fiscal year ending March 31, 2022, we are adjusting the expected volume to 9 million units due to the impact of the production cut, down from the 9.3 million units forecast. Although the outlook for November and beyond is unclear, current demand remains very strong. As a result, the production plan for November and beyond assumes that the previous plan will be maintained.
Key reasons for the production adjustment include a decline in operations at several local suppliers due to the prolonged spread of COVID-19 in Southeast Asia and the impact of tighter semiconductor supplies. Although our plants and suppliers are taking thorough quarantine and vaccination measures in response to the pandemic in Southeast Asia, the spread of COVID-19 infections remains unpredictable, making it difficult to maintain operations due to lockdowns at various locations, and we are working to transfer production to other regions.
As the demand for semiconductors in all industries continues to increase, we are continuously assessing the situation and discussing medium- to long-term countermeasures with related companies. Our focus remains on doing everything we can to deliver as many cars as possible to our customers as quickly as possible, such as shifting our production plans to models with high demand.
Regarding full-year operating income, there is no change to the forecast of 2.5 trillion yen announced in our FY2022 First Quarter Financial Results summary in August.
Additional domestic production adjustments in September are as follows. We are continuing to assess expected production in October, and we will announce additional details in mid-September.
Additional suspension of domestic operations in September
(10 lines in 9 plants out of 28 lines in 14 plants)
Plants Period of production Production vehicle suspension Toyota Takaoka Production 27 (Mon), 28 (Tue), Corolla/Corolla Touring Motor Corporation Plant line #1 29 (Wed), 30 (Thu) --------- -------------- --------------------- ------------------------- Tsutsumi Production 24 (Fri), 27 (Mon) Corolla Sport, Camry, Plant line #2 ES --------- -------------- --------------------- ------------------------- Tahara Production 17 (Fri), 20 (Mon), Land Cruiser Prado, GX, line #1 4Runner Plant 21 (Tue) --------- -------------- --------------------- ------------------------- Toyota Miyata Production 24 (Fri), 27 (Mon), NX, CT, UX, UX300e Motor Kyushu Plant line #1 28 (Tue) --------- -------------- --------------------- ------------------------- Production 24 (Fri) ES, RX line #2 --------- -------------- --------------------- ------------------------- Toyota Iwate Production 27 (Mon) Yaris, Yaris Cross, Aqua Motor East Plant line #2 Japan --------- -------------- --------------------- ------------------------- Miyagi Ohira Plant 27 (Mon) Yaris Cross, Sienta, Corolla Axio, Corolla Fielder, JPN Taxi ------------------------- --------------------- ------------------------- Toyota Fujimatsu Production 17 (Fri) Land Cruiser 70 Auto Body Plant line #1 ------------ ----------- --------------------- ------------------------- Yoshiwara Production 17 (Fri) Land Cruiser 70 Plant line #2 ------------ ----------- --------------------- ------------------------- Hino Motors, Hamura Production 17 (Fri), 20 (Mon), Land Cruiser Prado, FJ Ltd. Plant line #1 Cruiser 21 (Tue) ------------ ----------- --------------------- -------------------------
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September 10, 2021 03:00 ET (07:00 GMT)
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