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TMC Announces April Through June 2022 Financial Results

All consolidated financial information has been prepared relative to International Financial Reporting Standards (IFRS)


TOYOTA CITY, Japan WEBWIRE

Toyota Motor Corporation (TMC) today announced its financial results for the initial quarter, which ended June 30, 2022.

Consolidated vehicle sales totaled approximately 2,013,000 units, a loss of approximately 135,000 units when compared to same period last fiscal year. On a consolidated basis, net revenues for the time totaled 8.491 trillion yen ($65.3 billion), a rise of 7.0%. Operating income decreased from 997.4 billion yen ($9.0 billion) to 578.6 billion yen ($4.4 billion), while income before taxes 1 was 1.021 trillion yen ($7.8 billion). Net gain 2 decreased from 897.8 billion yen ($8.1 billion) to 736.8 billion yen ($5.6 billion).

Regions

THE UNITED STATES: Vehicle sales totaled approximately 635,000 units, a loss of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest swaps, decreased by 129.1 billion yen ($993.0 million) to 88.0 billion yen ($676.9 million).

Japan: Vehicle sales totaled approximately 403,000 units, a loss of 97,000 units.Operating income, excluding the impact of valuation gains/losses from interest swaps, decreased by 180.6 billion yen ($1.3 billion) to 337.6 billion yen ($2.5 billion).

Europe: Vehicle sales totaled approximately 248,000 units, a loss of 33,000 units. Operating income, excluding the impact of valuation gains/losses from interest swaps, decreased by 6.3 billion yen ($48.4 million) to 23.6 billion yen ($181.5 million).

Asia: Vehicle sales totaled approximately 361,000 units, a loss of 4,000 units. Operating income, excluding the impact of valuation gains/losses from interest swaps, increased by 24.8 billion yen ($190.7 million) to 192.2 billion yen ($1.47 billion).

Other regions (including Central and SOUTH USA, Oceania, Africa, and the center East): Vehicle sales totaled approximately 366,000 units, a rise of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest swaps, decreased by 22.5 billion yen ($173.0 million) to 41.2 billion yen ($316.9 million).

Financial Services

Financial services operating income increased by 4.6 billion yen ($35.3 million) to 167.9 billion yen ($1.2 billion). Including valuation gains/losses, operating income decreased by 81.5 billion yen ($626.9 million) to 114.5 billion yen ($880.7 million).

(*FY23 currency translations above are approximate and predicated on the average 130-yen-to-dollar exchange rate; FY22 is 110-yen-to-dollar exchange rate)

Forecast

For the fiscal year ending March 31, 2023, TMC estimates consolidated vehicles sales will undoubtedly be 8.85 million units. Predicated on an exchange rate assumption of 130 yen to the U.S. dollar, TMC forecasts consolidated net revenue of 34.5 trillion yen ($265.3 billion), operating income of 2.4 trillion yen ($18.4 billion), income before taxes of 3.27 trillion yen ($25.1 billion), and net gain of 2.36 trillion yen ($18.1 billion).

(*all currency translations above are approximate and predicated on the average 130 -yen-to-dollar exchange rate.)

1 Income before taxes and equity in earnings of affiliated companies

2 Net gain due to Toyota Motor Corporation

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