Toyota 2018 Fiscal Year Earnings Ended March 31, 2018 up 20.3%

Discussion in 'Toyota' started by xcel, May 10, 2018.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Toyota Motor Corporation released its financial results for the fiscal year ended March 31, 2018.

    [​IMG]

    Global Results

    Consolidated vehicle sales totaled 8,964,394 vehicles, down 6,466 vehicles compared to the previous fiscal year.

    On a consolidated basis, net revenues for the period totaled $264.68 billion USD, up 6.5 percent.

    The big number was that Operating income was up 20.3 percent to $21.61 billion. Income before taxes was $23.60 billion USD. Net income increased 36.2 percent to $22.46 billion USD.

    Toyota’s fiscal year result bests Volkswagen AG, General Motors, and Daimler AG revealing the Japanese automaker is yet again the world's most profitable automaker.

    The company said the increase came about from currency fluctuations - 2.38 billion USD to the positive - and an increase of $1.48 billion USD due to cost reduction efforts.

    Regional Results

    North America: Vehicle sales totaled 2,806,467 vehicles, down 30,867 vehicles. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by $1.79 billion USD to $1.19 billion USD.

    Japan: Vehicle sales totaled 2,255,313 vehicles, down 18,649 vehicles. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by $4.10 billion to $14.97 billion.

    Europe: Vehicle sales totaled 968,077 vehicles, up 43,517 vehicles. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by $800.90 million USD to $694.59 million USD.

    Asia: Vehicle sales totaled 1,542,806 vehicles, down 45,016 vehicles. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by $38.73 million to $3.86 billion USD.

    Other regions (including Central and South America, Oceania, Africa, and the Middle East): Vehicle sales totaled 1,391,731 vehicles, an increase of 44,549 vehicles. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by $492.79 million USD to $1.06 billion USD.

    Financial Services

    Financial services operating income increased by $568.46 million USD to $2.57 billion USD, including a gain of $13.51 million USD in valuation gains/losses from interest rate swaps. Excluding valuation gains/losses, operating income increased by $390.99 million USD to $2.55 billion USD.

    (All the above USD amounts were converted at the exchange rate of 111-yen-to-dollar).

    2019 Fiscal Year Forecast

    For the fiscal year ending March 31, 2019, TMC estimates that consolidated vehicles sales will be 8.95 million vehicles. On the financial front, TMC forecasts consolidated net revenue of $276.19 billion USD (+4.3 percent), operating income of $21.90 billion (+1.3 percent), and net income of $20.19 billion (-11.2 percent) for the fiscal year ending March 31, 2019, based on an exchange rate of 105 yen to the U.S. dollar and 130 yen to the euro. The stronger Yen is the main reason why Operating income could be down for the upcoming fiscal year.


    Wayne
     
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