Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020
May 12 2020 - 3:01AM
JCN Newswire (English)
Toyota Motor Corporation (TMC) today announced its financial
results for the fiscal year ended March 31, 2020.
Consolidated vehicle sales totaled 8,958,423 units, a decrease of
18,372 units compared to the previous fiscal year. On a
consolidated basis, net revenues for the period totaled 29.9299
trillion yen, a decrease of 1.0 percent. Operating income decreased
from 2.4675 trillion yen to 2.4428 trillion yen, while income
before income taxes(1) was 2.5546 trillion yen. Net income(2)
increased from 1.8828 trillion yen to 2.0761 trillion yen.
Operating income decreased by 24.6 billion yen. Major factors
affecting to the decrease included currency fluctuations of 305.0
billion yen.
Commenting on the result, TMC Operating Officer Kenta Kon said :
"Due to the spread of COVID-19, net revenues were decreased by 380
billion yen and operating income were decreased by 160 billion
yen."
In Japan, vehicle sales totaled 2,239,549 units, an increase of
13,372 units. Operating income, excluding the impact of valuation
gains/losses from interest rate swaps, decreased by 121.8 billion
yen to 1.5685 trillion yen.
In North America, vehicle sales totaled 2,713,165 units, a decrease
of 31,882 units. Operating income, excluding the impact of
valuation gains/losses from interest rate swaps, increased by 145.4
billion yen to 289.5 billion yen.
In Europe, vehicle sales totaled 1,028,537 units, an increase of
34,477 units. Operating income, excluding the impact of valuation
gains/losses from interest rate swaps, increased by 19.6 billion
yen to 140.7 billion yen.
In Asia, vehicle sales totaled 1,604,870 units, a decrease of
79,624 units. Operating income, excluding the impact of valuation
gains/losses from interest rate swaps, decreased by 66.9 billion
yen to 386.8 billion yen.
In other regions (including Central and South America, Oceania,
Africa, and the Middle East), vehicle sales totaled 1,372,302
units, an increase of 45,285 units. Operating income, excluding the
impact of valuation gains/losses from interest rate swaps,
decreased by 6.9 billion yen to 82.6 billion yen.
Financial services operating income decreased by 30.6 billion yen
to 292.1 billion yen, including a loss of 17.5 billion yen in
valuation gains/losses from interest rate swaps.
Excluding valuation gains/losses, operating income decreased by
32.6 billion yen to 309.7 billion yen.
Consolidated vehicle sales for the fiscal year ending March 31,
2021 are expected to be 7.0 million units.
Based on this assumption, TMC forecasts consolidated sales revenues
of 24 trillion yen, operating income of 0.5 trillion yen for the
fiscal year ending March 31, 2021, based on an exchange rate of 105
yen to the U.S. dollar and 115 yen to the euro.
Today, TMC's board of directors resolved to pay 120 yen per share
as the year-end dividend on common shares. The annual dividend on
common shares for the fiscal year will be 220 yen per share
including the interim dividend of 100 yen per share
.
(1) Income before income taxes and equity in earnings of affiliated
companies
(2) Net income attributable to Toyota Motor Corporation
Further information is also available at global.toyota/en/
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
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