NAGOYA, Japan -- Toyota Motor aims to double its return on equity (ROE) target to 20%, up from the market forecasts of 11% for the fiscal year ending March 2025, according to an executive with the automaker who asked not to be named.
Automobiles
Toyota aims to double return on equity to 20%, says executive
Move by automaker likely to push Japan Inc. to focus on capital efficiency
A Toyota executive said that reaching a return on equity of 20% is necessary for the carmaker to compete globally. (Photo by Koji Uema)
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