Click here to close now.

SYS-CON MEDIA Authors: Carmen Gonzalez, Liz McMillan, Blue Box Blog, Lori MacVittie, Plutora 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
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
A new definition of Big Data & the practical applications of the defined components & associated technical architecture models This presentation introduces a new definition of Big Data, along with the practical applications of the defined components and associated technical architecture models. In his session at Big Data Expo, Tony Shan will start with looking into the concept of Big Data and tracing back the first definition by Doug Laney, and then he will dive deep into the description of 3V...
As cloud gives an opportunity to businesses to buy services externally – how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, provided answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He also discussed Intercloud and Cisco’s investment on it.
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and eas...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that a...
Database apps on mobile devices shouldn't stop working when there's limited or no network connectivity. In his session at 16th Cloud Expo, Bradley Holt, a Developer Advocate for IBM Cloudant, will discuss how to bring data stored in a cloud database to the edge of the network (and back again), whenever an Internet connection is available. He will demonstrate techniques for replicating cloud databases with mobile devices in order to build offline-enabled mobile apps that can provide a better,...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here