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Toyota thanks shareholders for support after shares hit record high

TOYOTA CITY (Reuters) - Toyota Motor (NYSE:TM) Corp's shares reached a record high on Wednesday, earning a rare message of thanks from the company's president at its annual...
Toyota thanks shareholders for support after shares hit record high © Reuters. FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song

TOYOTA CITY (Reuters) - Toyota Motor (NYSE:TM) Corp's shares reached a record high on Wednesday, earning a rare message of thanks from the company's president at its annual general meeting (AGM).

The share price of Japan's no. 1 carmaker exceeded 10,000 yen ($90.84) on Tuesday for the first time, as investors welcomed Toyota's strong sales, electric plans as well as its ability to tackle a global chip shortage better than the competitors.

The share reached 10,330 yen on Wednesday, a record high, valuing the company at more than $301 billion. U.S. electronic carmaker Tesla (NASDAQ:TSLA) Inc is valued almost twice that by investors at $577.38 billion.

Toyota shares closed nearly 1% higher at 10,175 yen.

"It could be accidental that our share price topped 10,000 yen as we prepared for the meeting, but we were so much encouraged because of it," said company president Akio Toyoda at the AGM held at Toyota's headquarter in Toyota City, Nagoya.

"We have made actions, errors and improvements. What we have now is the result of those 12 years," Toyoda said, when asked by a shareholder to reflect on his presidency as Japan's no.1 automaker for over a decade.

Toyota has said it will increase its number of electric models to around 70 from currently offered 55 by 2025, while aiming to make all its global factories carbon neutral by 2035.

The carmaker, which looks to fully redesign itself to a mobility company, needs to bring in multiple viewpoints and values as a driving force of creating innovation, Toyoda said.

($1 = 110.0800 yen)

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AUD/USD

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
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