Toyota City, Japan, August 3, 2018—Toyota Motor Corporation (TMC) today announces its financial results for the first quarter ended June 30, 2018.
Consolidated vehicle sales for the first quarter totaled 2,236,131 units, an increase of 21,020 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 7.3627 trillion yen, an increase of 4.5 percent. Operating income increased from 574.2 billion yen to 682.6 billion yen, while income before income taxes1 was 813.8 billion yen. Net income 2 increased from 613.0 bill ion yen to 657.3 billion yen.
Operating income increased by 108.3 billion yen. Major factors contributing to the increase included a decrease in expenses of 60 billion yen and an increase of 45 billion yen in marketing activities.
Commenting on the results, TMC Senior Managing Officer Masayoshi Shirayanagi said: “As for the fixed cost reduction activities, we are steadily making progress toward achieving our challenge-level target, which we are determined to achieve by the end of this fiscal year through further efforts across regions.”
In Asia, vehicle sales totaled 394,229 units, an increase of 31,575 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 39.3 billion yen to 142.2 billion yen.
