The FINANCIAL — Toyota Motor Corporation (TMC) on May 10 announced its financial results for the fiscal year that ended March 31, 2017.
Global Financial Highlights:
Global sales of 8,970,860 vehicles increased by 289,532 units compared to the previous fiscal year. Japan, Europe and Asia posted sales gains, while other regions declined.
Consolidated net revenues for the period totaled 27.5971 trillion yen ($255.528 billion), down 2.8 percent.
Operating income decreased to 1.9943 trillion yen ($18.465 billion), down 30.1 percent.
Net income decreased to 1.8311 trillion yen ($16.954 billion), a 20.8 percent decline.
Financial services operating income (excluding valuation gains/losses from interest-rate swaps) decreased to 240.4 billion yen (*$2.225 billion).
North America Financial Highlights:
Sales decreased by 1,895 vehicles to 2,837,334 units.
Operating income (excluding valuation gains/losses from interest-rate swaps) decreased to 330.9 billion yen ($3.063 billion).
Fiscal Year Global Forecast (April 1, 2017 – March 31, 2018):
Global consolidated vehicle sales of 8.9 million.
Consolidated net revenue of 27.5 trillion yen ($261.904 billion)
Operating income of 1.6 trillion yen ($15.238 billion)
Net income of 1.5 trillion yen ($14.285 billion)
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