|
|
|
|
|
|
| (All consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles) |
Toyota City, Japan, Nov 8, 2016 - (JCN Newswire) - Toyota Motor Corporation (TMC) today announced its financial results for the six-month period ended September 30, 2016.
Consolidated vehicle sales totaled 4,363,537 units, an increase of 85,530 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 13.07 trillion yen, a decrease of 7.2 percent. Operating income decreased from 1.5834 trillion yen to 1.1168 trillion yen, while income before income taxes(1) was 1.1765 trillion yen. Net income(2) decreased from 1.2581 trillion yen to 946.1 billion yen.
Operating income decreased by 466.5 billion yen. Major factors contributing to the decrease included currency fluctuations of 565.0 billion yen offset by an increase of 220.0 billion yen due to cost reduction efforts.
Commenting on the results, TMC Executive Vice President Takahiko Ijichi said: "Despite the positive factors such as cost reduction and marketing efforts, operating income was down 466.5 billion yen compared to the first half of the last fiscal year, due to the significant impact of Yen appreciation. Nevertheless, operating income excluding the overall impact of foreign exchange rates, as well as swap valuation gains and losses was up 200 billion yen."
In Japan, vehicle sales totaled 1,078,810 units, an increase of 94,413 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 473.4 billion yen to 485.7 billion yen.
In North America, vehicle sales totaled 1,400,369 units, a decrease of 12,695 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 11.0 billion yen to 296.8 billion yen.
In Europe, vehicle sales totaled 434,381 units, an increase of 27,029 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 2.4 billion yen to 34.6 billion yen.
In Asia, vehicle sales totaled 764,750 units, an increase of 111,184 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 23.1 billion yen to 219.6 billion yen.
In other regions (including Central and South America, Oceania, Africa and the Middle East), vehicle sales totaled 685,227 units, a decrease of 134,401 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 13.8 billion yen to 55.2 billion yen.
Financial services operating income decreased by 13.6 billion yen to 152.1 billion yen, including a gain of 14.0 billion yen in valuation gains/losses from interest rate swaps. Excluding valuation gains/losses, operating income decreased by 41.9 billion yen to 138.1 billion yen.
For the fiscal year ending March 31, 2017, TMC revised its consolidated vehicle sales forecast from 8.90 million units to 8.85 million units, in consideration of the latest sales trends worldwide.
TMC revised its consolidated financial forecasts for the fiscal year. Based on an exchange rate assumption of 103 yen to the U.S. dollar and 114 yen to the euro, TMC now forecasts consolidated net revenue of 26.0 trillion yen, operating income of 1.7 trillion yen, income before income taxes of 1.90 trillion yen and net income of 1.55 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 200 billion yen, or 40 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:
Toyota Motor Corporation
Public Affairs Division
Global Communications Department
Tel: +81-3-3817-9926
Topic: Press release summary
Source: Toyota Motor Corporation
Sectors: Automotive
http://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 |
| May 2, 2024 17:05 HKT/SGT |
|
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success |
| May 2, 2024 16:46 HKT/SGT |
|
Spectacular Spa awaits TOYOTA GAZOO Racing |
| Apr 29, 2024 17:49 HKT/SGT |
|
SPARX Group Establishes Space Frontiers Second Fund |
| Apr 25, 2024 15:25 HKT/SGT |
|
Toyota Exhibiting at Beijing Motor Show 2024 |
| Apr 22, 2024 09:47 HKT/SGT |
|
TOYOTA GAZOO Racing takes a one-two in Croatian thriller |
| Apr 18, 2024 12:39 HKT/SGT |
|
Toyota Launches All-New Land Cruiser "250" Series in Japan |
| Apr 16, 2024 17:49 HKT/SGT |
|
Lexus presents Time at the 2024 Milan Design Week |
| Apr 15, 2024 16:21 HKT/SGT |
|
New circuit challenge for TOYOTA GAZOO Racing |
| Apr 12, 2024 18:36 HKT/SGT |
|
TOYOTA GAZOO Racing back on asphalt for Croatian challenge |
| Apr 8, 2024 12:37 HKT/SGT |
|
Daihatsu and Toyota to Reform Structures towards the Revitalization of Daihatsu |
| More news >> |
 |
|
|
|
