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Toyota’s Quarterly Revenue, Earnings Rise
Toyota Motor Corp. reports its net income grew 16% to 393.7 billion yen ($3.5 billion) in the fiscal second quarter ended Sept. 30.
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Toyota Motor Corp. reports its net income grew 16% to 393.7 billion yen ($3.5 billion) in the fiscal second quarter ended Sept. 30.
Operating income rose 10% to 522 billion yen ($4.6 billion), thanks to favorable exchange rates and lower costs.
Net revenue in July-September climbed 10% to 7.1 trillion yen ($62.7 billion). Unit sales were flat at 2.18 million vehicles, as shrinkage in North America and Asia were offset by gains in Europe, Latin America and elsewhere.
Toyota raised its guidance for the full fiscal year ending March 31. The company now anticipates revenue of 28.5 trillion yen ($250 billion), operating income of 2 trillion yen ($17.5 billion), pretax income of 2.3 trillion yen ($20.2 billion) and net income of 2.0 trillion yen ($17.5 billion).
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