TOYOTA CITY, Japan (Feb. 6, 2024) — Consolidated automobile gross sales totaled roughly 7,295,000 items, a rise of roughly 804,000 items in comparison with the identical interval final fiscal yr. On a consolidated foundation, web revenues for the interval totaled 34.022 trillion yen ($237.9 billion), a rise of 23.9%. Operating earnings elevated from 2.098 trillion yen ($15.4 billion) to 4.24 trillion yen ($29.7 billion), whereas earnings earlier than earnings taxes ¹ was 5.357 trillion yen ($37.5 billion). Net earnings ² elevated from 1.899 trillion yen ($14.0 billion) to three.9472 trillion yen ($27.6 billion).

Regions

North America: Vehicle gross sales totaled roughly 2,161,000 items, a rise of 309,000 items. Operating earnings, excluding the impression of valuation positive aspects/losses from rate of interest swaps, elevated by 503.2 billion yen ($3.5 billion) to 552.5 billion yen ($3.8 billion).

Japan: Vehicle gross sales totaled roughly 1,630,000 items, a rise of 228,000 items.  Operating earnings, excluding the impression of valuation positive aspects/losses from rate of interest swaps, elevated by 1.141 trillion yen ($7.9 billion) to 2.686 trillion yen ($18.8 billion).

Europe: Vehicle gross sales totaled roughly 884,000 items, a rise of 127,000 items. Operating earnings, excluding the impression of valuation positive aspects/losses from rate of interest swaps, elevated by 294.4 billion yen ($2.0 billion) to 308.8 billion yen ($2.1 billion).

Asia: Vehicle gross sales totaled roughly 1,376,000 items, a rise of 83,000 items. Operating earnings, excluding the impression of valuation positive aspects/losses from rate of interest swaps, elevated by 97.1 billion yen ($679 million) to 651.7 billion yen ($4.6 billion).

Other areas (together with Central and South America, Oceania, Africa, and the Middle East): Vehicle gross sales totaled roughly 1,245,000 items, a rise of 57,000 items. Operating earnings, excluding the impression of valuation positive aspects/losses from rate of interest swaps, elevated by 13.4 billion yen ($94 million) to 190.1 billion yen ($1.3 billion).

Financial Services

Financial companies working earnings decreased by 14.9 billion yen ($104 million) to 470.6 billion yen ($3.3 billion). Including valuation positive aspects/losses, working earnings elevated by 93.0 billion yen ($650 million) to 416.9 billion yen ($2.9 billion).

(*FY24 foreign money translations above are approximate and primarily based on a median 143-yen-to-dollar alternate price; FY23 is 136-yen-to-dollar alternate price)

Forecast

For the fiscal yr ending March 31, 2024, TMC estimates consolidated automobiles gross sales shall be 9.45 million items. Based on an alternate price assumption of 143 yen to the U.S. greenback, TMC forecasts consolidated web income of 43.5 trillion yen ($304.2 billion), working earnings of 4.9 trillion yen ($34.3 billion), earnings earlier than earnings taxes of 6.2 trillion yen ($43.4 billion), and web earnings of 4.5 trillion yen ($31.5 billion).

(*all foreign money translations above are approximate and primarily based on a median 143 -yen-to-dollar alternate price.)

¹ Income earlier than earnings taxes and fairness in earnings of affiliated firms

² Net earnings attributable to Toyota Motor Corporation

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