English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 7 November 2017, 15:30 JST
Share:
    

Source: Toyota Motor Corporation
Toyota Announces April-September 2017 Financial Results

Toyota City, Japan, Nov 7, 2017 - (JCN Newswire) - Toyota Motor Corporation (TMC) today announces its financial results for the six-month period ended September 30, 2017.

Consolidated vehicle sales for the six-month period ended September 30 totaled 4,389,435 units, an increase of 25,898 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 14.1912 trillion yen, an increase of 8.6 percent. Operating income decreased from 1.1168 trillion yen to 1.0965 trillion yen, while income before income taxes1 was 1.2521 trillion yen. Net income2 increased from 946.1 billion yen to 1.0713 trillion yen.

Operating income decreased by 20.3 billion yen. Major factors contributing to the decrease included an increase of 160 billion yen in marketing activities and an increase in expenses of 50 billion yen, which were offset by an increase of 100 billion yen due to cost reduction efforts and currency fluctuations of 100 billion yen.

Commenting on the results, TMC Executive Vice President Osamu Nagata said: "Despite the positive effect of yen depreciation and cost reduction efforts, operating income decreased by 20.3 billion yen mainly due to the effects of marketing activities and an increase in expenses."

In Japan, vehicle sales totaled 1,087,354 units, an increase of 8,544 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 156 billion yen to 641.7 billion yen.

In North America, vehicle sales totaled 1,396,158 units, a decrease of 4,211 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 155.6 billion yen to 141.1 billion yen.

In Europe, vehicle sales totaled 469,503 units, an increase of 35,122 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 4.4 billion yen to 39 billion yen.

In Asia, vehicle sales totaled 743,939 units, a decrease of 20,811 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 6.7 billion yen to 212.9 billion yen.

In other regions (including Central and South America, Oceania, Africa and the Middle East), vehicle sales totaled 692,481 units, an increase of 7,254 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 16.6 billion yen to 71.8 billion yen.

Financial services operating income decreased by 7.4 billion yen to 144.7 billion yen, including a gain of 0.6 billion yen in valuation gains/losses from interest rate swaps. Excluding valuation gains/losses, operating income increased by 5.8 billion yen to 144 billion yen.

For the fiscal year ending March 31, 2018, TMC revised its consolidated vehicle sales forecast from 8.9 million units to 8.95 million units, in consideration of the latest sales trends worldwide.

TMC also updated its consolidated financial forecasts for the fiscal year. Based on an exchange rate assumption of 111 yen to the U.S. dollar and 128 yen to the euro, TMC now forecasts consolidated net revenue of 28.5 trillion yen, operating income of 2 trillion yen, income before income taxes of 2.25 trillion yen, and net income of 1.95 trillion yen.

Today, TMC's Board of Directors resolved to pay 100 yen per share as the interim dividend on common shares, and have also resolved to buy back up to 250 billion yen, or 45 million shares, of the company's common stock.

(1) Income before income taxes and equity in earnings of affiliated companies
(2) Net income attributable to Toyota Motor Corporation

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926


Topic: Press release summary
Source: Toyota Motor Corporation

Sectors: Automotive
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Toyota Motor Corporation Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://linkedin.com/company/toyota

Toyota Motor Corporation Related News
Thursday, 2 May 2024, 18:05 JST
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
Thursday, 2 May 2024, 17:46 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
Monday, 29 April 2024, 18:49 JST
SPARX Group Establishes Space Frontiers Second Fund
2024年4月26日 14時00分 JST
スパークス・グループによる「宇宙フロンティア2号ファンド」の設立について
2024年4月25日 16時16分 JST
トヨタ、2023年度 販売・生産・輸出実績を発表
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575