Toyota aims for consistent return on equity, finance executive says

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TOKYO : Toyota Motor is increasingly focusing on return on equity as a performance measure, talking internally about raising ROE to 20 per cent as one guideline, a senior finance executive at the Japanese automaker said during an interview on Monday.

The metric has increased from 9.0 per cent in fiscal 2022 and 11.5 per cent in the financial year before that.

"What's important isn't just reaching a certain percentage by a specific time, but maintaining it consistently," said Masahiro Yamamoto, chief officer of Toyota's Accounting Group.

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Category: EconomyBusiness

Markets: SingaporeCanadaJapanMexico

Topics: Specific Fiscal Cent Motor Equity Yamamoto Certain Measure Tokyo Toyota Executive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 09:08:53 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Channel News Asia

News ID: 26672312

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