Toyota announces Apr.-Jun. financial results, tallies 2-M units in sales

MANILA: The financial results for Toyota Motor Corporation (covering April to June 2022) were recently released.

The total number of consolidated vehicle sales was around 2,013,000 units, down roughly 135,000 units from the same time period the previous fiscal year. Net revenues for the time period were 8.491 trillion yen (US$65.3 billion), up seven percent on a consolidated basis.

When compared to income before income taxes, which was ¥1.021 trillion (US$7.8 billion), operating income declined from ¥997.4 billion (US$9.0 billion) to ¥578.6 billion (US$4.4 billion). From ¥897.8 trillion (US$8.1 billion) to ¥736.8 trillion (US$5.6 billion), net income fell.

Vehicle sales in North America were about 635,000 vehicles, a decline of 26,000 units. Operating income declined from ¥88.0 billion (US$676.9 million) to ¥129.1 billion (US$993.0 million), excluding the impact of valuation gains and losses from interest rate swaps.

Vehicle sales in Japan decreased by 97,000 units to a total of about 403,000 units. Operating income fell by ¥180.6 billion (US$1.3 billion), or ¥337.6 billion (US$2.5 billion), after accounting for valuation gains and losses from interest rate swaps.

In Europe, vehicle sales were about 248,000 units, a decline of 33,000 vehicles. Operating income fell by ¥6.3 billion (US$48.4 million), or by 6.3%, to ¥23.6 billion yen (US$181.5 million), before valuation gains and losses from interest rate swaps were taken into account.

In Asia, vehicle sales decreased by 4,000 units to a total of about 361,000 units. Operating income climbed by ¥24.8 billion (US$190.7 million), or ¥1.47 billion, to ¥192.2 billion, before accounting for valuation gains and losses from interest rate swaps.

Vehicle sales increased by 26,000 units to a total of about 366,000 units in other regions. Operating income fell by ¥22.5 billion (US$173.0 million), or to ¥41.2 billion (US$316.9 million), when valuation gains/losses from interest rate swaps were excluded.

These regions include Central and South America, Oceania, Africa, and the Middle East.

Toyota anticipates that combined vehicle sales for the fiscal year that ends in March 2023 will total 8.85 million units. TMC projects consolidated net revenue of ¥34.5 trillion (US$265.3 billion), operating income of ¥2.4 trillion (US$18.4 billion), income before income taxes of ¥3.27 trillion (US$25.1 billion), and net income of ¥2.36 trillion (US$18.1 billion) based on an exchange rate assumption of ¥130 to the US dollar.

Photos from Toyota

Also read: Toyota PH unveils FX and Cargo variants of all-new Lite Ace