An Overwhelming Majority of Toyota Shareholders Re-Elect Toyoda at AGM

At the recent annual general meeting (AGM) of Toyota Motor, the renowned automotive manufacturer, shareholders were given the opportunity to cast their votes for the re-election of Chairman Akio Toyoda to the company’s board of directors.

In a regulatory filing, Toyota revealed that an impressive 85% of shareholders voted in favor of Toyoda’s re-election.

Topics

The Leadership of Akio Toyoda
Trust and Confidence in Toyoda’s Leadership
Shareholders’ Concerns on Climate Change Lobbying
Conclusion
Frequently Asked Questions (FAQs)

The Leadership of Akio Toyoda

It is worth noting that Akio Toyoda not only holds the esteemed position of chairman
but is also the grandson of Toyota’s founder.

This familial connection adds significance to his leadership role within the company.

Comparing the results to the previous year, when Toyoda served as president and chief executive,
his approval rating of 96% showcases a slight decline in confidence among shareholders,
marking his lowest rating in at least five years.

Trust and Confidence in Toyoda’s Leadership

The outcome of the vote underscores the trust and belief that the majority
of Toyota, shareholders have in Toyoda’s ability to lead the company.

It reflects their confidence in his capacity to navigate the dynamic automotive industry
and guide Toyota toward continued success.

Shareholders’ Concerns on Climate Change Lobbying

Aside from Toyoda’s re-election, the AGM witnessed another noteworthy vote.

Approximately 15% of shareholders supported a resolution aimed at urging the automaker
to provide greater transparency regarding its climate change lobbying activities.

Although falling short of the required two-thirds majority,
this significant percentage highlights the growing concerns among Toyota shareholders
regarding the company’s stance on environmental matters.

Toyota has long been recognized as a pioneer in the automotive industry,
known for its innovative technologies and commitment to sustainability.

However, like many companies in the sector, it faces increasing scrutiny
and pressure to address climate change and reduce its carbon footprint.

Shareholders who favored the resolution believe that enhanced disclosure
of Toyota’s climate change lobbying activities would offer transparency
and enable a more comprehensive assessment of the company’s environmental impact.

Conclusion

In conclusion, the recent AGM of Toyota Motor saw an overwhelming 85% of shareholders voting
to re-elect Chairman Akio Toyoda to the company’s board of directors.

This outcome reflects the continued trust and support that shareholders have in Toyoda’s leadership.

Additionally, the AGM shed light on shareholders’ concerns regarding Toyota’s climate change lobbying activities,
with 15% of voters supporting a resolution for greater transparency.

Although the resolution did not pass, it underscores the increasing importance of environmental considerations
for shareholders and their expectations for improved transparency from companies like Toyota.

Frequently Asked Questions (FAQs)

1. Who is Akio Toyoda?

Akio Toyoda is the chairman of Toyota Motor and also happens to be the grandson of the company’s founder. His role is vital in shaping the company’s direction and strategy.

2. How long has Akio Toyoda been the chairman of Toyota?

Akio Toyoda has served as the chairman of Toyota Motor for several years. His leadership has spanned a significant period and has contributed to Toyota’s success.

3. What is the significance of the AGM for Toyota shareholders?

The AGM allows Toyota shareholders to have a say in important decisions and cast their votes on matters such as the re-election of directors. It is a crucial event for shareholder engagement and corporate governance.

4. Why did Toyoda’s approval rating decrease this year?

The specific reasons for the decrease in Toyoda’s approval rating are not provided in the available information. However, approval ratings can fluctuate based on various factors and shareholders’ perceptions.

5. How does the resolution on climate change lobbying impact Toyota?

Although the resolution did not pass, it underscores shareholder concerns regarding Toyota’s climate change lobbying activities. It emphasizes the importance of transparency and environmental considerations within the automotive industry.

Article titled:
An Overwhelming Majority of Toyota Shareholders Re-Elect Toyoda at AGM

Oil stabilizes What’s with the OPEC meeting?

Oil stabilizes What’s with the OPEC meeting: OPEC meeting and continuing with the plan to gradually increase production, had a key role yesterday.

This gave markets an opportunity to take stock again.

Evest follows market developments in the following report.

topics:

Oil stabilizes after yesterday’s sharp rally

The next OPEC + meeting

Which OPEC country will grow in production?

OPEC experts develop three scenarios for market development

In the case of a low scenario

Under the high scenario

For the first time in history Toyota is the bestseller in the United States

Oil stabilizes after yesterday’s sharp rally

Oil prices change slightly during the Asian trading on Wednesday, after rising sharply on Tuesday due to OPEC +’s decision ,

to keep the plan to increase oil production by 400 thousand barrels per day in February.

The cost of March Brent oil futures on the London Stock Exchange Futures is $80.06 per barrel on Thursday, $0.06 (0.08%) higher than the closing price of the previous session.

As a result of Monday’s trading, these futures rose by $1.2 (1.3%) to $80.00 per barrel.

The price of West Texas Intermediate crude futures for February in electronic trading on the New York Mercantile Exchange (NYMEX) is $77.01 per barrel,
$0.02 (0.03%) higher than the final value of the previous session.

By the end of Tuesday’s trading, the value of these futures had increased by $0.91 (1.2%) to $76.99 per barrel.

After the January meeting, OPEC + ministers decided to abide by the plan previously adopted to increase production in February,

despite expectations of a market surplus and the spread of the new Omicron virus strain.

The next OPEC + meeting

The next OPEC + meeting is scheduled for February 2.

Peter McNally of Third Bridge said that new OPEC + oil shipments indicate “a consensus of a group of producing countries that oil demand,
will continue to grow despite some restrictions caused by Omicron.”

Sources said that the American Petroleum Institute said on Tuesday evening that US crude inventories fell by 6.4 million barrels in the week ending December 31.

At the terminal in Cushing, where oil traded on the New York Stock Exchange is stored, reserves rose by 2.3 million barrels.

Official inventory data will be released on Wednesday, and in a Standard & Global Platts poll,
analysts predicted that the US Department of Energy report would indicate a 4.4 million barrel reduction in oil inventories.

The oil market remains uncertain due to the spread of the Omicron strain, but it does not affect the change in oil demand.

Which OPEC country will grow in production?

Iraq is the largest beneficiary of compensation now – almost 800 thousand barrels per day of low production,
the country plans to increase 30 thousand barrels per day in January 2022, 50 thousand barrels per day in February,
100 thousand barrels per day in March, 150 thousand barrels per day in April,
200 thousand barrels per day in May and 250 thousand barrels per day in June.

Kazakhstan, which will have to make up just over 500 thousand barrels per day,
plans to cut 100 thousand barrels per day in May and 400 thousand barrels per day in June

Meanwhile, OPEC + reported that OPEC countries produced 580 thousand barrels per day less than the plan
(Angola produced 300 thousand barrels per day less, Nigeria – 250 thousand barrels per day) in November,
OPEC + produced 113 thousand barrels less (Malaysia – 140 thousand barrels less, Azerbaijan – 56 thousand barrels less,
Kazakhstan – 110 thousand barrels, Russia – 30 thousand barrels per day).

According to the OPEC + Technical Committee, the trade reserves of OECD countries in November reached 2.7 billion barrels,
an increase of 221 million barrels, which is lower than it was in 2015-2019.

OPEC experts develop three scenarios for market development

As noted, OPEC experts analyzed three market development scenarios.

According to the underlying scenario, global oil demand in 2021 will increase by 5.65 million barrels per day in 2022 ,
by 4.15 million barrels per day – up to 100.8 million barrels per day.

Meanwhile, the global oil supply will grow by 7 million barrels per day. – Up to 102.2 million barrels per day,
of which 5.2 million barrels per day will be produced by OPEC + countries – Up to 49 million barrels per day,
and other non-OPEC countries will increase production by 1.7 million barrels per day – up to 48 million barrels per day.

As a result, by the end of the year, the oil surplus will reach 1.4 million barrels per day.

The excess supply will already be observed in January 2022 at 0.8 million barrels per day,
in February – 1.3 million barrels per day, in March – 2.1 million barrels per day.

Meanwhile, according to the underlying scenario, OECD countries’ commercial oil reserves at the end of 2021 will be 212 million barrels, below the 2015-2019 level.

Reserves will continue to rise, but remain below the 2015-2019 level. That’s until December 2022, when they reach 24 million barrels.

In the case of a low scenario

In the case of a low scenario, when oil demand grows by only 3.8 million per day – up to 100.3 million per day,
and non-OPEC countries not participating in the OPEC+ agreement will increase production by only 1.6 million per day what It reaches 47.9 million barrels per day,
the surplus by the end of 2022 will reach 1.8 million barrels per day, and in January – it has already reached 2.1 million barrels per day.

In this case, trade reserves will already exceed the 2015-2019 level in October 2022 and by the end of the year will be 90 million barrels above this index.

Under the high scenario

Under the high scenario, demand for oil in 2022 will rise by 4.4 million barrels per day to 101.1 million barrels,
per day and supply by 7.1 million barrels per day to 102.3 million barrels per day,
while non-OPEC and OPEC + member States will increase production by 1.8 million barrels per day.

In this case, the surplus will reach 1.2 million barrels per day by the end of 2022, reaching 0.7 million barrels per day in January,
and commercial stocks will rise but will remain below 2015-2019 over the course of the year. By the end of the year, it will be at 13 million barrels below.

For the first time in history Toyota is the bestseller in the United States

In 2021, Toyota Motors ranked first in US auto sales for the first time in history, surpassing its main rival General Motors.

Toyota has boosted sales in the United States by about 10% since 2020, reaching 2.3 million cars. In the meantime,
General Motors sales declined by about 13% to 2.2 million cars.

According to automotive news, General Motors has been a leader in the American auto market since 1931.

Toyota’s success was largely supported by the decision to store car electronics microchips before the start of the cut,
with the Japanese company first betting on restoring demand for cars in the United States, the Wall Street Journal wrote.

In the meantime, Toyota’s management does not expect to maintain its leadership in the American market.

“To be clear, this was not our goal and we do not believe that it will continue in the long term,” said Jack Hollis,
senior vice president of Toyota North America.

In 2021, US auto sales were approximately 15 million, according to research firm J.D.

Total U.S. car sales in 2021 were approximately 15 million, according to research firm J.D.
This is slightly more than in 2020 but far less than the 17 million cars sold annually and recorded during the previous five years.