Friday, May 13, 2011

Toyota announces financial results, going strong despite Japan earthquake

Toyota announces financial results, going strong despite Japan earthquake
Toyota hybrid concept
Toyota Motor Corporation has announced financial results for the year ended March 31, 2011. Net profit for the year ended 31 March 2011 amounted to 18.993 trillion yen, an increase of 0.2 percent over the previous year. Operating income increased by ¥ 147.5 billion to 468.2 billion yen, while profit before tax and equity in earnings of associated companies was 563.2 billion yen. Net income rose to ¥ 408.1 billion ¥ +209400000000.

Operating profit rose 320700000000 yen, mainly due to a significant increase in car sales in each market and further reduce costs, including enterprise-wide business value analysis. Factors which 490.0 billion yen, thanks to marketing efforts and 180.0 billion yen due to cost reduction efforts, and the factors to 110.0 billion yen due to the influence of the Big East, Japan, earthquake reduced.

Consolidated vehicle sales for the year totaled 7.308 million units, representing an increase of more than 71,000 units compared to the previous year.

In Japan, car sales were 1.913 million units, representing a decrease of 250 thousand units compared to last year. Operating profit fell to Japanese yen 362400000000 137200000000 just lost.

In North America, vehicle sales reached 2,031,000 units, down over 67 000 units compared to the previous year. Operating income increased by ¥ 254.1 to 339.5 billion yen, including 27.6 billion yen in capital gains and losses on interest rate swaps. Operating profit, excluding the impact on the value of profits / losses from interest rate swaps, to ¥ 257800000000 311900000000 only increased.

In Europe, sales of cars 796,000 units, representing a decrease of 62,000 units, while operating profit rose to 46.1 billion yen 13.1 billion yen th

In Asia, car sales were 1.255 million units, representing an increase of 276,000 units, and operating income rose to 109.4 billion yen to 313.0 billion yen.

In Central and South America, Oceania and Africa, vehicle sales were 1.319 million units, representing an increase of 174,000 units, while operating profit increased by 44.6 billion yen to ¥ 160.1 billion.

Financial services segment, operating income increased by ¥ 111.3 billion to 358.2 billion yen the previous year, including 37.4 billion yen in capital gains and losses on interest rate swaps. No capital gains / losses, income from operating activities rose to ¥ 320.8 billion ¥ +104900000000. This increase was primarily due to increased revenues due to costs associated with loans and other losses, like the rest of the loans rose in the first place in the U.S..

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