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Toyota’s Quarterly Income Grows 4%
Toyota Motor Corp.'s operating income in its April-June first quarter rose 4% to 693 billion yen ($6.8 billion), as revenue climbed 2% to 6.4 trillion yen ($62.6 billion).
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Toyota Motor Corp.'s operating income in its April-June first quarter rose 4% to 693 billion yen ($6.8 billion), as revenue climbed 2% to 6.4 trillion yen ($62.6 billion).
Net income advanced 5% to 588 billion yen ($5.8 billion) for the period.
Toyota's combined global deliveries, which include its Daihatsu minicar and Hino truck units, slipped 1% to 2.24 million vehicles. A 3% gain to 710,000 units in the U.S. and 18% to 108,400 units in Europe offset declines in Japan (-4% to 525,800) and other parts of Asia (-2% to 394,900).
Toyota forecasts its consolidated sales for the full fiscal year ending March 31 will reach 9.1 million units, generating 26 trillion yen ($254 billion) in net revenue.
The company expects its operating income and net profit in fiscal 2014-2015 will total about 2.3 trillion yen ($23 billion) and 1.8 trillion yen ($18 billion), respectively.
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