TOYOTA CITY, Japan (May 8, 2024) — Consolidated automobile gross sales totaled roughly 9,443,000 models, a rise of roughly 621,000 models in comparison with the identical interval final fiscal 12 months. On a consolidated foundation, internet revenues for the interval totaled 45.095 trillion yen ($311.0 billion), a rise of 21.4%. Operating earnings elevated from 2.725 trillion yen ($20.2 billion) to five.352 trillion yen ($36.9 billion), whereas earnings earlier than earnings taxes 1 was 6.965 trillion yen ($48.0 billion). Net earnings 2 elevated from 2.451 trillion yen ($18.2 billion) to 4.944 trillion yen ($34.1 billion).

Regions
North America: Vehicle gross sales totaled roughly 2,816,000 models, a rise of 409,000 models. Operating earnings, excluding the affect of valuation positive factors/losses from rate of interest swaps, elevated by 450.3 billion yen ($3.1 billion) to 524.9 billion yen ($3.6 billion).

Japan: Vehicle gross sales totaled roughly 1,993,000 models, a lower of 76,000 models.  Operating earnings, excluding the affect of valuation positive factors/losses from rate of interest swaps, elevated by 1,583.7 billion yen ($10.9 billion) to three,486.2 billion yen ($24.0 billion).

Europe: Vehicle gross sales totaled roughly 1,192,000 models, a rise of 162,000 models. Operating earnings, excluding the affect of valuation positive factors/losses from rate of interest swaps, elevated by 351.3 billion yen ($2.4 billion) to 407.9 billion yen ($2.8 billion).

Asia: Vehicle gross sales totaled roughly 1,804,000 models, a rise of 53,000 models. Operating earnings, excluding the affect of valuation positive factors/losses from rate of interest swaps, elevated by 159.9 billion yen ($1.1 billion) to 872.7 billion yen ($6.0 billion).

Other areas (together with Central and South America, Oceania, Africa, and the Middle East): Vehicle gross sales totaled roughly 1,638,000 models, a rise of 73,000 models. Operating earnings, excluding the affect of valuation positive factors/losses from rate of interest swaps, decreased by 73.2 billion yen ($504.8 million) to 194.3 billion yen ($1.3 billion).

Financial Services
Financial companies working earnings decreased by 8.0 billion yen ($55.1 million) to 613.6 billion yen ($4.2 billion). Including valuation positive factors/losses, working earnings elevated by 132.5 billion yen ($913.8 million) to 570.0 billion yen ($3.9 billion).

(*FY24 forex translations above are approximate and based mostly on a median 145-yen-to-dollar change fee; FY23 is 135-yen-to-dollar change fee)

Forecast
For the fiscal 12 months ending March 31, 2025, TMC estimates consolidated automobiles gross sales can be 9.50 million models. Based on an change fee assumption of 145 yen to the U.S. greenback, TMC forecasts consolidated internet income of 46.0 trillion yen ($317.2 billion), working earnings of 4.3 trillion yen ($29.7 billion), earnings earlier than earnings taxes of 5.07 trillion yen ($35.0 billion), and internet earnings of three.57 trillion yen ($24.6 billion).

(*all forex translations above are approximate and based mostly on a median 145 -yen-to-dollar change fee.)

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

² Net earnings attributable to Toyota Motor Corporation

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