Toyota is not a buy; the 3% dividend yield does not justify the complexity, questionable capex accounting, and downside risk from potential regional slowdowns.

Toyota is doing well.

Now we are speaking of Toyota. Everything looks good a little bit. The yen is weakening so it looks like more growth but there is some growth. If I look a little bit the numbers okay standard.

However they're mostly paying dividends some repurchases less repurchases but okay the dividend yield is 3%. They are global selling most of their cars in North America and Asia.

So US company practically strategy and road map self-driving technology commercially. So also coming there self-driving robo taxes even Toyota is doing that.

When it comes to Toyota I'm looking a little bit at the capital expenditure and the dividend and then I compare the depreciation and amortization with the capital expenditure. The capital expendure is 34 trillion yen but depreciation and mortization never surpasses two trillion.

So how come if you spend this time this means that this also needs to go up and that doesn't go up. Looked a little bit I didn't go deeper but they say it's because they acquire the cars then of leasing or things like that and then these acquired cars are capital expenditure but I don't really buy that.

The true cost should be a little bit higher, I think, of operating.

Something to dig deeper if you're going to invest in Toyota. I'm not going to invest in Toyota at a 3% dividend yield. Too complex. Therefore, for me, if we see a slowdown, North America, Europe, this comes out perhaps on top of it, you can lose a lot of your investment.

Really, not for me. The Japanese have been subsidizing their stock market, things like that too much craziness and not worth the stock price.