Toyota 2005 Annual Report Download - page 9
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CHAIRMAN’S MESSAGE >7
Toyota will realize sustainable growth while
contributing to the development of the automobile
industry worldwide guided by an overriding belief
in the value of competition and cooperation.
➤Adding a new chapter to an impressive history of growth, we turned in yet
another record-breaking performance in fiscal 2005. Although business
conditions in the automobile industry become tougher with each passing
year, Toyota has increased competitiveness in markets worldwide by rolling
out more-global operations, by stepping up the development of trailblazing
technologies, and by pursuing further cost reductions.
As I have said in the past, I am convinced that the automobile industry
will grow vigorously in the 21st century. The advent of full-fledged global
motorization is bound to continue expanding the automotive market.
At the same time, the new social priorities of the emerging era will call for
radically new approaches to vehicles. In other words, automotive manu-
facturing and its management are approaching a watershed. Automakers
have to address the issue of coexistence with society, particularly in relation
to environmental preservation and safety. And, the outcomes of those
efforts will determine companies’ competitive success. Accordingly, through a
managerial approach that values competition and cooperation, Toyota will
do its utmost to achieve sustainable growth as a company qualified to lead
and contribute to the development of the global automobile industry.
Recently, we undertook a rejuvenation of our senior management team
that included the appointment of a new president. With a fresh era on the
horizon, I am confident that we have assembled a management team that
can respond agilely to changes in the operating environment and accelerate
forward-looking reform. Toyota will continue tireless efforts to fulfill the
expectations of its shareholders and other stakeholders by raising corporate
value. Our goal is to realize long-term, stable growth as a trusted member
of international society.
July 2005
Hiroshi Okuda, Chairman