Toyota 2005 Annual Report Download - page 11

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PRESIDENT’S MESSAGE >9
➤By way of introduction, at the Board of Directors’ Meeting held after the
Ordinary General Shareholders’ Meeting on June 23, 2005, I was appointed
to the position of president. During my previous four-year term as an
executive vice president, I was primarily responsible for purchasing—with a
particular focus on advancing manufacturing innovation in partnership
with suppliers and enhancing Toyota’s cost and product competitiveness in
markets worldwide. And, I intend to draw on that experience to tackle
management issues head on.
Handed down and developed since the Company’s incorporation, the
Toyota Way has become the bedrock of our thinking. Because we are likely
to face ever-more challenging business conditions, I want to pass on that
mind-set to inspire a sense of shared vision among our employees. Further,
I believe manufacturing must give priority to the customer. A vehicle that
for Toyota is one of millions built a year represents a valuable possession
for each customer. Therefore, reflecting the customer’s standpoint will be
paramount in our ongoing quest to be number one in the world in quality,
speed to market, pricing, and service. Moreover, to earn the approval of
customers and society, we will build vehicles with excellent environmental
and safety performance.
Although Toyota posted its best-ever results in fiscal 2005, the Company
will single-mindedly implement an aggressive long-term investment
strategy that targets sustainable growth first and foremost. At the same
time, we aim to accelerate innovation to further strengthen our position in
the automobile industry and to increase earnings and shareholder value.
I would like to take this opportunity to ask our shareholders and other
investors for their continued trust and support.
[PERFORMANCE ]
“We were able to raise cash dividends for the sixth straight year
on the back of another record performance. ”
➤Toyota reached all-time highs across the board, with consolidated worldwide vehicle
sales of 7.40 million units, net revenues of ¥18.55 trillion, operating income of ¥1.67
trillion, and net income of ¥1.17 trillion. Those results were due to the concerted
efforts of the Toyota Group, its suppliers, and sales affiliates to market attractive
vehicles that win the hearts of customers worldwide. As a result, I am pleased to
report that we were able to increase returns to shareholders by raising cash
dividends for the sixth consecutive year. While I rate the year’s achievements