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Robust North America Sales Help Global Toyota Post a 4.6% Rise in Q1 Net Income

Aug 5, 2014

TORONTO, ON., (August 5, 2014) — Led by strong sales in North America, cost reductions, favourable currency exchange rates and a gain due to valuation gains/losses from interest-rate swaps, Toyota's global net income jumped 4.6 per cent during the first quarter (April 1 — June 30, 2014) of the 2015 fiscal year.

Global Financial Highlights:

  • Global sales rose by 9,426 vehicles to 2.24 million, with strong sales in North America and gains in Europe and the Middle East, offsetting decreases in Japan and other parts of Asia
  • Consolidated net revenues rose to 6.39 trillion yen (*$62.6 billion); up 2.2 per cent
  • Operating income increased to 692.7 billion yen ($6.79 billion); up 4.4 per cent
  • and Net income jumped to 587.7 billion yen ($5.76 billion), a 4.6 per cent increase

North America Financial Highlights:

  • Sales increased 21,000 vehicles to 710,000
  • Operating income (excluding valuation gains/losses from interest-rate swaps) was 149.7 billion yen ($1.46 billion)

Current Fiscal Year Global Forecast (April 1, 2014 — March 31, 2015) Remains Unchanged:

  • Global consolidated sales of 9.1 million vehicles
  • Consolidated net revenue of 25.7 trillion yen (**$254 billion)
  • Operating income of 2.3 trillion yen ($22.8 billion)
  • and net income of 1.78 trillion yen ($17.6 billion)

For more information on the fiscal year results, go to:
http://www.toyota-global.com/investors/financial_result/

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