8.23-M Toyota units sold globally in Q4 FY 2021

MANILA: Toyota Motor Corporation (TMC) has released its financial results for the fourth quarter, which concluded last March 31.

Overall vehicle sales reached 8.23 million units — up about 584,000 units from the previous fiscal year. Net revenues for the quarter totaled US$279.4 billion, up by 15.3% from the previous year. Operating income grew from US$19.622 billion to US$26.746 billion, while income before taxes rose from US$35.629 billion to US$35.629 billion. Net income increased from US$20.046 billion to US$25.447 billion.

In North America, sales increased by 81,000 units to around 2.394 million units. Operating income climbed by US$1.516 billion to US$4.754 billion, excluding the impact of valuation gains/losses from interest rate swaps.

In Japan, sales dropped by 201,000 units to around 1.924 million units. Operating income grew by US$2.452 billion to US$12.727 billion.

In Europe, sales increased by 58,000 units to around 1.017 million units. Operating income went up by US$510.71 million to US$1.533 billion.

In Asia, sales climbed by 321,000 units to about 1.543 million units. Operating income increased by US$1.971 billion to US$5.866 billion.

In other regions including Central and South America, Oceania, Africa, and the Middle East, vehicle sales increased by 325,000 units to around 1.352 million units. Operating income climbed by US$1.481 billion to US$2.059 billion.

Operating income from financial services went up by US$1.264 billion to US$5.463 billion. Including valuation gains and losses, operating income climbed by US$1.441 billion to US$5.866 billion.

For the fiscal year ending March 31, 2023, TMC forecasts 8.85 million overall car sales . TMC expects US$286.9 billion in consolidated net revenue, US$20.869 billion in operating income, US$27.217 billion in income before taxes, and US$19.652 billion in net income.

Photo from Toyota

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