Toyota Motor Corporation (TMC) reported consolidated vehicle sales of approximately 4.556 million units, marking a year-on-year decline of about 188,000 units.
Despite the sales dip, TMC’s consolidated net revenue increased by 5.9% to 23.282 trillion yen ($152.2 billion).
However, operating income decreased from 2.559 trillion yen ($18.2 billion) to 2.464 trillion yen ($16.1 billion), and net income dropped from 2.589 trillion yen ($18.4 billion) to 1.907 trillion yen ($12.5 billion).
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Regional Breakdown
- North America: Sales fell by 37,000 units to 1.348 million, with operating income (excluding interest rate swap gains/losses) decreasing by 234.4 billion yen ($1.532 billion) to 128.1 billion yen ($837 million).
- Japan: Sales were down by 133,000 units to 939,000. Operating income decreased by 59.9 billion yen ($391 million), totaling 1.524 trillion yen ($10.0 billion).
- Europe: Sales rose by 10,000 units to 547,000, while operating income increased by 31.2 billion yen ($204 million) to 223.5 billion yen ($1.46 billion).
- Asia: Sales grew by 10,000 units to 905,000, and operating income saw a 75.4 billion yen ($493 million) rise, reaching 486.9 billion yen ($3.2 billion).
- Other Regions (Central/South America, Oceania, Africa, Middle East): Sales dipped by 17,000 units to 818,000, and operating income fell by 61.2 billion yen ($400 million), totaling 125.2 billion yen ($818 million).
Financial Services Performance
Operating income in the financial services segment rose by 8.8 billion yen ($58 million) to 337.7 billion yen ($2.2 billion). Including valuation gains and losses, operating income increased by 87.5 billion yen ($571 million), totaling 332.4 billion yen ($2.2 billion).
Forecast for Fiscal Year Ending March 31, 2025
For FY2025, TMC projects consolidated vehicle sales of 9.4 million units. With an assumed exchange rate of 147 yen per dollar, Toyota forecasts:
- Net revenue of 46.0 trillion yen ($312.9 billion)
- Operating income of 4.3 trillion yen ($29.3 billion)
- Income before taxes of 4.98 trillion yen ($33.9 billion)
- Net income of 3.57 trillion yen ($24.3 billion)
These estimates reflect Toyota’s cautious optimism, projecting strong revenue growth despite a challenging market environment.
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