TOYOTA MOTOR CORPORATION (NYSE:TM) Q2 2020 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 08:30 am ET

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TOYOTA MOTOR CORPORATION (NYSE:TM) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Mitsuru Kawai

will also push forward in HR system are so-called or [ndecipherable] system, where people who make the most efforts will be evaluated properly regardless of one's educational background, age or position. Through these measures, would strive to create and establish a corporate culture, where all employees make active efforts to exceed the level of the person, who runs -- sets its goal. At the same time, would also like to develop people who are willing to nurtures sub-ordinates in the same manner. This is why, 'm hoping to bring back the Genba first policy to Toyota. To survive the once in a century transformation period, Toyota needs to get back to the basics that is back to the days, when the company was first established and look back and review ones attitude towards work and the way we do work.

This is because all of us at Toyota need to become true professionals. people who have the ability to fight through this period of drastic change. We distributed the employee handbook, so that each and every one of the employees conduct their work with a deep understanding of the five main principles of founder Sakichi Toyoda, TPS and cost reduction. Regardless of how much the time is change people are at the center of Monozukuri or manufacturing, that will allow Toyota to continue to grow sustainably, I will dedicate all my strengths to developing people.

Thank you very much for your attention.