<Operating Officer Masayoshi Shirayanagi>
We are aware that the revenue of our suppliers has been in an extremely severe situation due to market declines in Asia and China that started before COVID-19, as well as due to tough competition with local manufacturers.
On top of that, even while dealing with the current COVID-19 situation, our suppliers are making endless efforts to respond to CASE and to invest in the future.
Even during the COVID-19 catastrophe, for measures for the medical front lines and toward the waning of the virus, they are engaging in various initiatives that will enable them to turn challenging situations into opportunities. For this we are truly grateful.
We, too, are making efforts at closer communication with our suppliers during this time. While taking advantage of online tools, we are working to grasp the problems facing our more than 400 first-tier suppliers, and, through them, the problems faced by our more than 10,000 second-tier suppliers.
Specifically, in addition to financing, we are also assisting them in the form of production support and by adjusting delivery dates. Our communication with them also includes our asking them for help in the production of the medical face shields we are producing.
When it comes to second-tier suppliers and beyond, especially third-tier suppliers, it is very difficult to grasp their situations, and we realize that we are not having them speak up enough. In any case, we are an industry that is able to exist thanks to the support of our greater-than-30,000-strong, broad-based supply chain and suppliers. We were able to forecast a profit thanks to the hard efforts of our suppliers, for which we are truly grateful.
So that we, Toyota and the automotive industry, can serve as a driving force for economic recovery following the COVID-19 pandemic, we intend to do everything we can to firmly maintain our supply chains, human resources, technologies, and foundations of production, which we must protect.