President Sato
With regard to the U.S. tariffs, both governments are currently working hard to conclude negotiations. The fluid situation makes it difficult to foresee what lies ahead.
At the same time, we have included the tariffs already in effect within our forecast for this fiscal year.
The most important thing for us is to keep our feet firmly on the ground and continue doing what we can, without panicking or losing our focus.
The things we can do differ in the short- and medium- to long-term. Our export volume to the United States is approximately 500,000 vehicles. While it would be desirable to allocate this volume to the U.S., where we have many customers, in the short term, we will explore measures such as adjusting deliveries. In the longer term, we will look to develop and manufacture products locally, tailored to local customers.
As a corporate citizen, Toyota embraces a “best in town” philosophy, with corporate activities rooted in the areas where we do business. We remain committed to this approach and will continue to pursue initiatives with the same mindset.