TIDMTYT

RNS Number : 2143P

Toyota Motor Corporation

15 October 2021

October 15, 2021

TOYOTA MOTOR CORPORATION

Production Plans in November 2021, as of October 15

At Toyota, we have made repeated adjustments to our production plans since August due to a shortage of parts resulting from the spread of COVID-19, causing various inconveniences to all parties concerned. We would like to express our gratitude to all parties concerned for their immense support in helping us maintain production.

Our production plans for November are outlined below.

Actual production has remained below planned levels since August. However, with the cooperation of our suppliers, we have been thoroughly examining each and every case of possible parts shortage in the supply chain. As a result, global production volume in November is expected to reach 850,000 to 900,000 units. (Reference: Global production volumes were approximately 830,000 units in November 2020 and approximately 500,000 to 600,000 units each in September and October 2021)

Aiming to make up for previous production shortfalls, we had initially planned to produce approximately 1 million units, which is a higher production level. However, since we are still experiencing a shortage of some parts and will be unable to make up for previous production shortfalls, we have adjusted our initial production plans for November. This adjustment will affect approximately 50,000 units in Japan, and between 50,000 units and 100,000 units overseas; the total number of units affected globally will be between approximately 100,000 units and 150,000 units.

In response to the continuing shortage of some parts, we will continue our efforts to strengthen our supply chain. We will implement thorough anti-COVID-19 measures both at our own plants and at our suppliers, and since we expect the shortage of semiconductors to continue in the long-term, we will consider the use of substitutes where possible. In this way, we will do everything we can to ensure we deliver as many cars to our customers as quickly as possible.

Regarding our full-year production forecast for the fiscal year ending March 31, 2022, we expect to maintain around 9 million units due to the easing of restrictions on COVID-19 in Southeast Asia, and the production cutback in September and October is expected to be 100,000 to 150,000 units, a smaller amount than previously announced.

Domestic production adjustments for November are detailed in the table below. We would like to offer our sincerest apologies to our customers and our suppliers for the various inconveniences these adjustments may cause.

Suspension of operations in November (6 lines in 4 plants out of 28 lines in 14 plants)

 
                   Plants                     Period of production     Production vehicle 
                                                   suspension 
       Toyota         Tsutsumi   Production   One day                Corolla Sport, 
  Motor Corporation    Plant      line #2      5 (Fri)                Camry, ES 
                     ---------  -----------  ---------------------  ----------------------- 
       Toyota          Miyata    Production   Two days 12 (Fri) ,    NX, CT, UX, UX300e 
    Motor Kyushu        Plant     line #1      19 (Fri) 
                     ---------  -----------  ---------------------  ----------------------- 
                                 Production   One day 12 (Fri)       ES, RX 
                                  line #2 
                     ---------  -----------  ---------------------  ----------------------- 
       Toyota          Iwate     Production   Five days              C-HR, Aqua 
     Motor East         Plant     line #1      4 (Thu), 5 (Fri), 8 
        Japan                                  (Mon), 12 (Fri), 15 
                                               (Mon) 
                     ---------  -----------  ---------------------  ----------------------- 
                                 Production   Four days              Yaris, Yaris Cross, 
                                  line #2      4 (Thu), 5 (Fri), 8    Aqua 
                                               (Mon), 12 (Fri) 
                     ---------  -----------  ---------------------  ----------------------- 
                          Miyagi Ohira                               Yaris Cross, Sienta, 
                              Plant                                   Corolla Axio, Corolla 
                                                                      Fielder, 
                                                                      JPN Taxi 
                     ----------------------  ---------------------  ----------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STRUVRNRAAURARA

(END) Dow Jones Newswires

October 15, 2021 03:00 ET (07:00 GMT)

Grafico Azioni Toyota Motor (LSE:0LG5)
Storico
Da Ott 2021 a Nov 2021 Clicca qui per i Grafici di Toyota Motor
Grafico Azioni Toyota Motor (LSE:0LG5)
Storico
Da Nov 2020 a Nov 2021 Clicca qui per i Grafici di Toyota Motor