Consolidated vehicle sales for the first quarter endedJune 2020 was at 1 million 158 thousand units, which was 50% of such sales for the first quarter of the previous fiscal year. This was a result of decreased sales in all regions due to the spread of COVID-19. Toyota and Lexus vehicle sales was at 1 million 706 thousand units, which was 69% of such sales for the first quarter of the previous fiscal year.It has exceeded our assumption as of May in which we have expected it to be approximately 60% of the first quarter of the previous fiscal year.
Consolidated financial results for the first quarter of this fiscal year were:Sales revenues of 4 trillion 600.7 billion yen,Operating income of 13.9 billion yen,Pre-tax income of 118.2 billion yenandNet income of 158.8 billion yen.
Regarding the factors that impacted operating income year on year: First, the effects of foreign exchange rates decreased operating income by 75 billion yen. Second, cost reduction efforts increased operating income by 10 billion yen.Third, the effects of marketing activities decreased operating income by 810 billion yen, largely due to the decrease in sales volume caused by the spread of COVID-19. Finally, a reduction in expenses increased operating income by 75 billion yen.
