Toyota 2006 Annual Report Download - page 7
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5
I am pleased to report that Toyota achieved record financial results in fiscal 2006.
In addition, on behalf of Toyota’s management team, I would like to express genuine
gratitude to our shareholders and other investors for their continuing support and
understanding. Recent business conditions have been characterized by hikes in crude oil
and raw materials prices, fluctuations in currency exchange rates, and structural changes
in demand for automobiles. Nevertheless, I think the automotive market as a whole will
continue to grow as global motorization progresses in earnest.
Given these conditions and Toyota’s increasingly global operations, I think we
must pay greater attention than ever to customer feedback, based on a commitment to
putting customers first. I also believe that to sustain growth we must stay true to manu-
facturing fundamentals while carefully monitoring countries and markets to keep
abreast of world trends. We will have to tackle a range of management challenges, such
as human resources development, the promotion of localization, and the development
of technologies that satisfy society’s growing calls for environmental and safety mea-
sures. I firmly believe that by steadfastly working to meet those management challenges
Toyota will achieve stable, long-term growth while contributing to the advancement of
the automobile industry.
Since its establishment, Toyota has adhered to a management philosophy of con-
tributing to people’s lifestyles and society through automotive manufacturing. We will
continue to do our utmost to develop as a company that is widely trusted and respected
in the automobile industry and in international society by enriching the lives of the many
people that need cars and contributing to society and the environment.
July 2006
Fujio Cho, Chairman
By manufacturing cars that reflect the needs of customers
and society, Toyota will target sustainable growth and con-
tribute to the development of the automobile industry.