TMC Reports April Through June 2022 Financial Results

Discussion in 'Toyota' started by xcel, Aug 5, 2022.

  1. xcel

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

    [​IMG] Toyota’s financial results for the Q1 which ended June 30, 2022 show profits but not rising profits.

    Wayne Gerdes – CleanMPG – Aug. 4, 2022

    2023 Toyota Sequoia

    [​IMG]
    One of Toyota’s most profitable models is all new for the 2023 MY - At the Toyota North America HQ in Plano TX.​

    Consolidated vehicle sales totaled approximately 2,013,000 units, a decrease of approximately 135,000 units compared to the same period last fiscal year.

    On a consolidated basis, net revenues for the period totaled $65.3 billion USD, an increase of 7.0%. Operating income decreased from $9.0 billion to $4.4 billion USD, while income before income taxes was $7.8 billion USD. Net income decreased from $8.1 billion to $5.6 billion USD in the quarter.

    Regional Results

    North America: Vehicle sales totaled approximately 635,000 units, a decrease of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by $993.0 million USD to $676.9 million USD.

    Japan: Vehicle sales totaled approximately 403,000 units, a decrease of 97,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by $1.3 billion USD to $2.5 billion USD.

    Europe: Vehicle sales totaled approximately 248,000 units, a decrease of 33,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by $48.4 million to $181.5 million USD.

    Asia: Vehicle sales totaled approximately 361,000 units, a decrease of 4,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by $190.7 million USD to $1.47 billion USD.

    Other regions (including Central and South America, Oceania, Africa, and the Middle East): Vehicle sales totaled approximately 366,000 units, an increase of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by $173.0 million USD to $316.9 million USD.

    Toyota Financial Services

    Financial services operating income increased by $35.3 million USD to $1.2 billion USD. Including valuation gains/losses, operating income decreased by $626.9 million USD to $880.7 million USD.

    Toyota Forecast

    For the fiscal year ending March 31, 2023, TMC estimates consolidated vehicles sales will be 8.85 million units. Based on an exchange rate assumption of 130 yen to the U.S. dollar, TMC forecasts consolidated net revenue of $265.3 billion USD, operating income of $18.4 billion USD, income before income taxes of $25.1 billion USD, and net income of $18.1 billion.
     
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