Toyota's financial services focus primarily on sales financing, which serves as a tool to promote car sales. At the same time, we are working in new business areas to realize a better future mobility society.
The basic role of the financial services business is to enable more customers to use our cars. We do our utmost to fulfill that role by promoting digitization, developing and offering new financial products, and expanding our network to countries where the automotive market is growing.
As the automotive industry undergoes a once-in-a-century transformational period, we are implementing initiatives to improve customers' lifestyles and contribute convenient solutions to society by expanding our value chain to create added value through financial services across the car life cycle, from manufacture to disposal.
To help customers realize the joy and freedom of movement through financial services, we are partnering with ride-sharing and ride-hailing companies, including Uber Technologies, Inc. and Grab Holdings Inc., and working to apply big data provided by cars in the telematics car insurance business.
Going forward, we will continue to develop and provide financial services in line with customer needs and local market characteristics to help enrich customers' lives.