Toyota Motor Corporation (TMC) recently released its financial results for the second quarter of the fiscal year 2024, ending September 30, 2024. This report provides valuable insights into Financial Toyota’s performance, revealing key trends and figures that impact the company’s overall financial health.
Financial Toyota Q2 Performance: Key Highlights
Consolidated vehicle sales for Q2 2024 reached approximately 4,556,000 units, marking a decrease of around 188,000 units compared to the same period in the previous fiscal year. Despite this decline in sales volume, Financial Toyota saw a 5.9% increase in consolidated net revenues, totaling 23.282 trillion yen ($152.2 billion).
However, operating income experienced a decrease, falling from 2.559 trillion yen ($18.2 billion) to 2.464 trillion yen ($16.1 billion). Similarly, net income attributable to Toyota Motor Corporation decreased from 2.589 trillion yen ($18.4 billion) to 1.907 trillion yen ($12.5 billion). Income before income taxes stood at 2.732 trillion yen ($17.9 billion).
Financial Toyota’s Regional Performance Breakdown
Financial Toyota’s Q2 performance varied across different regions. North America saw a sales decline of 37,000 units, resulting in a significant decrease in operating income. Japan also experienced a substantial sales drop of 133,000 units and a decrease in operating income.
Conversely, Europe and Asia reported increased vehicle sales and operating income. Europe’s sales grew by 10,000 units, while Asia also saw a 10,000-unit increase. Other regions, including Central and South America, Oceania, Africa, and the Middle East, experienced a sales decrease of 17,000 units and a corresponding decline in operating income.
Financial Services and Future Outlook for Financial Toyota
Financial services operating income for Financial Toyota showed positive growth, increasing by 8.8 billion yen ($58 million) to 337.7 billion yen ($2.2 billion). Including valuation gains and losses, operating income in this sector increased by 87.5 billion yen ($571 million) to 332.4 billion yen ($2.2 billion).
Looking ahead, Toyota Motor Corporation projects consolidated vehicle sales of 9.40 million units for the fiscal year ending March 31, 2025. Based on an exchange rate of 147 yen to the U.S. dollar, the company forecasts consolidated net revenue of 46.0 trillion yen ($312.9 billion), operating income of 4.3 trillion yen ($29.3 billion), income before income taxes of 4.98 trillion yen ($33.9 billion), and net income of 3.57 trillion yen ($24.3 billion). These figures provide a glimpse into Financial Toyota’s expected financial performance in the coming year. For a more detailed analysis and information, refer to the complete financial report on Toyota’s investor relations website.
