The largest car manufacturer, Toyota has shut down two of its eight elevators at the firms Tokyo headquarters to “stay lean” and cut costs.
The move is due, in part to the strengthening yen and the way it has lessened company profits, Toyota has also adjusted the air conditioning in its offices. The organisation has said that the initiatives are not new and that staff have known for weeks but has not disclosed how much it expects to save. The company installed similar measures in 2008 during the financial crisis.

“The key objective for the stoppage of elevators specifically is to raise awareness amongst employees, and to remind them of the commitment that Toyota has towards the idea of increasing competitiveness through staying lean and reducing waste,” an unnamed Toyota spokesperson told the BBC.

According to him, it’s not just about cost, as the measures along with the use of LED light bulbs could also help conserve the environment.

Conserving the environment is another one of the reasons why Toyota are taking these measures, as the firm has fitted LED bulbs in the Tokyo headquarters too.

“Being environmentally conscious has always been one of the important values within Toyota.  Hence, we at Toyota are actively motivated to find creative ways to fulfill our commitment,” the spokesperson added.

The automaker has reported three straight years of record profits as a result of Japanese Prime Minister Shinzo Abe’s monetary policies aimed at weakening the yen. Toyota’s net profit hit a record 2.31 trillion yen ($23 billion) in the fiscal year ending March 2016; but the company has warned profits are due to fall this year.

The manufacturer saw record profit with net profit $23bn in the fiscal year ending March 2o16. This is the third straight year of record profits thanks to Japanese Prime Minister Shinzo Abe’s policy of weakening the yen to keep exports competitive.

“Until now, we benefited from currencies and our profits expanded beyond our actual capabilities,” Toyota President Akio Toyoda said in May. “But since the beginning of this year, the tide has greatly shifted.”