TOKYO -- Toyota Motor's price-earnings ratio has fallen close to the lowest levels of the past 10 years, amid uncertainty fueled by possible U.S. tariffs and the weak yen as well as a lack of specific plans for its planned transformation into a "mobility company."
Markets
Toyota's P/E ratio dragged down by skepticism on 'mobility' shift
Despite strong profits, investors want to see concrete path to 20% return on equity
Toyota Motor aims to raise its return on equity to 20% as it transitions into a "mobility company." © Reuters
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