Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Elizabeth White, Dana Gardner, tru welu, Blue Box Blog

News Feed Item

Toyota Announces First Half Fiscal Year 2013 Financial Results

Toyota City, Japan, Nov 5, 2012 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its financial results today for the six months ended September 30, 2012.

On a consolidated basis, net revenues for the first half of the fiscal year totaled 10.9 trillion yen, an increase of 36.1 percent compared to the same period last fiscal year. Operating income increased from a loss of 32.6 billion yen to 693.7 billion yen, an increase of 726.3 billion yen, while income before income taxes* was 794.5 billion yen. Net income** increased from 81.5 billion yen to 548.2 billion yen.

Major factors contributing to the operating income increase include the positive effects from marketing activities of 580.0 billion yen and cost reduction efforts of 230.0 billion yen. Negative effects of currency fluctuations decreased operating income by 60.0 billion yen.

Consolidated vehicle sales for the first half totaled 4.516 million units, an increase of 1.490 million units compared to the same period last fiscal year.

Commenting on the first half results, TMC Executive Vice President Satoshi Ozawa said: "For the first six months of this financial year, we have seen a significant increase in production in all regions compared to the same period last year when we suffered parts-supply shortages due to the Great East Japan Earthquake. Our business results on a consolidated basis also show increased profits over the same period last year. Although the strong yen continued to affect us, government measures in various countries and regions to spur demand increased vehicle sales and our companywide cost-improvement efforts continued to bear fruit."

In Japan, vehicle sales totaled 1.192 million units, an increase of 395 thousand units compared to the same period last fiscal year. Operating income from Japanese operations increased by 526.7 billion yen to 250.8 billion yen.

In North America, vehicle sales totaled 1.261 million units, an increase of 572 thousand units compared to the same period last fiscal year. Operating income increased by 121.0 billion yen to 182.6 billion yen, including 28.0 billion yen of valuation gains/losses on interest rate swaps. Operating income, excluding the impact of valuation gains/losses on interest rate swaps, increased by 108.7 billion yen to 154.6 billion yen.

In Europe, vehicle sales totaled 412 thousand units, an increase of 51 thousand units compared to the same period last fiscal year, while operating income increased by 13.9 billion yen to 12.0 billion yen.

In Asia, vehicle sales totaled 840 thousand units, an increase of 225 thousand units compared to the same period last fiscal year, while operating income increased by 63.9 billion yen to 194.5 billion yen.

In Central and South America, Oceania and Africa, vehicle sales totaled 811 thousand units, an increase of 247 thousand units compared to the same period last fiscal year, while operating income increased by 0.6 billion yen to 58.7 billion yen.

In the financial services segment, operating income increased by 3.4 billion yen to 174.5 billion yen compared to the same period last fiscal year, including 26.6 billion yen of valuation gains/losses on interest rate swaps. Excluding valuation gains/losses, operating income decreased by 15.5 billion yen to 147.8 billion yen. This was mainly due to reduced reversal of provisions for loan and residual losses in comparison to the same period last year.

TMC today revises its consolidated vehicle sales forecast for the full fiscal year ending March 31, 2013 from 8.800 million units to 8.750 million units, a decrease of 50 thousand units from TMC's forecast announced in August 2012, due to uncertainties in the Chinese and European market environments.

TMC also revises its consolidated financial forecasts for fiscal year 2013 to consolidated net revenue of 21.3 trillion yen, operating income of 1.05 trillion yen, income before income taxes of 1.18 trillion yen and net income of 780.0 billion yen, with the revision of an exchange rate of 79 yen to the U.S. dollar and 100 yen to the euro.

Commenting on the forecasts for FY2013, Ozawa said: "Although currency fluctuations have continued to affect our profits and the effect of current Japan-China relations on our sales is still unclear, we have revised the forecast we announced at the end of the first quarter to reflect the progress we have been making in our profit improvement activities. We intend to continue strengthening such activities and aim to create a profit structure able to withstand changes in the business environment."

TMC also announces an interim cash dividend of 30 yen per share, in consideration of such factors as operating results and investment plans.

* Income before income taxes and equity in earnings of affiliated companies
** Net income attributable to Toyota Motor Corporation

All consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America.

Please see attached information for details on financial results. Further information is also available at www.toyota-global.com.

Cautionary Statement with Respect to Forward-Looking Statements:
This release contains forward-looking statements that reflect Toyota's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. http://www2.toyota.co.jp/en/news/12/11/1105_1.html.

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com.



Source: Toyota

Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150


Copyright 2012 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In today's application economy, enterprise organizations realize that it's their applications that are the heart and soul of their business. If their application users have a bad experience, their revenue and reputation are at stake. In his session at 15th Cloud Expo, Anand Akela, Senior Director of Product Marketing for Application Performance Management at CA Technologies, discussed how a user-centric Application Performance Management solution can help inspire your users with every applicati...
The consumption economy is here and so are cloud applications and solutions that offer more than subscription and flat fee models and at the same time are available on a pure consumption model, which not only reduces IT spend but also lowers infrastructure costs, and offers ease of use and availability. In their session at 15th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed this shifting dynamic with an ...
As enterprises engage with Big Data technologies to develop applications needed to meet operational demands, new computation fabrics are continually being introduced. To leverage these new innovations, organizations are sacrificing market opportunities to gain expertise in learning new systems. In his session at Big Data Expo, Supreet Oberoi, Vice President of Field Engineering at Concurrent, Inc., discussed how to leverage existing infrastructure and investments and future-proof them against e...
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackI...
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT transformation?
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
Every day we read jaw-dropping stats on the explosion of data. We allocate significant resources to harness and better understand it. We build businesses around it. But we’ve only just begun. For big payoffs in Big Data, CIOs are turning to cognitive computing. Cognitive computing’s ability to securely extract insights, understand natural language, and get smarter each time it’s used is the next, logical step for Big Data.
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
In a world of ever-accelerating business cycles and fast-changing client expectations, the cloud increasingly serves as a growth engine and a path to new business models. Dynamic clouds enable businesses to continuously reinvent themselves, adapting their business processes, their service and software delivery and their operations to achieve speed-to-market and quick response to customer feedback. As the cloud evolves, the industry has multiple competing cloud technologies, offering on-premises ...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...