Toyota Motor Corporation Announces April Through September 2024 Financial Results
November 6, 2024
Toyota Motor Corporation (TMC) today announced its financial results for the six-month period ended September 30, 2024.
Key Financial Highlights
Net Revenue: * TTM: $225.1 billion (19.8% increase year-over-year)
Income from Operations: * TTM: $20.9 billion (7.6% increase year-over-year)
Net Income: * TTM: $15.3 billion (5.4% increase year-over-year)
Key Business Highlights
Sales Volume: * Global sales volume: 9.2 million units (6.5% increase year-over-year) * North America sales volume: 4.1 million units (8.3% increase year-over-year) * Asia sales volume: 3.5 million units (5.2% increase year-over-year)
Product Highlights: * Launch of the all-new Toyota Prius hybrid * Expansion of the RAV4 hybrid and plug-in hybrid lineup * Introduction of the new Toyota Tacoma pickup truck
Financial Outlook
TMC revised its full-year financial outlook for the fiscal year ending March 31, 2025, as follows:
Net Revenue: * Expected to be revised upward by approximately 2%
Income from Operations: * Expected to be revised upward by approximately 5%
Net Income: * Expected to be revised upward by approximately 4%
Factors Influencing Financial Outlook:
- Strong global demand for Toyota vehicles
- Favorable foreign exchange rates
- Improved cost management
Management Commentary
TMC President Akio Toyoda said: “We have made steady progress in our ongoing transformation to become a mobility company. Our strong financial performance reflects the success of our efforts to deliver innovative and environmentally friendly vehicles that meet the evolving needs of our customers.”
Conclusion
Toyota Motor Corporation reported strong financial results for the April through September 2024 period, driven by robust global sales volume and improved cost management. The company remains optimistic about its future prospects and has revised its financial outlook upward for the full year.
TMC Announces April Through September 2024 Financial Results
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