Photo: Toyota/www.ycharts.com
Even though the Japanese company posted a record 90 percent profit jump ($17.9 billion) in the year to March 31st, the world's biggest car manufacturer forecasts a slight drop for the current fiscal year to a projected $17.5 billion.
Toyota's in-house financial analysts expect this outcome to happen on account of a newly adopted sales tax increase in Japan, that ultimately hiked the showroom prices of new vehicles sold over there.
If the forecast turns out to be right on the money, it will mark Toyota Corporation's first fall in three years. Since November 2012, the company's operating profit has been greatly aided by favourable exchange rates between the U.S. dollar and Japanese yen, but currency movements are unpredictable this following financial year.
With almost 10 million vehicles moved globally, annual sales jumped a little over 16 percentage points, keeping Toyota ahead of General Motors and Volkswagen in the greatly competitive global car manufacturers chart.
As expected, there's a very small chance for sales to be on the rise yet again since demand for new cars traditionally slows down after a surge as big as this one. Another factor that'll affect Toyota's 2015 financial year is represented by the 8 million vehicles around the world subjected to two major recall operations.
We remind you that almost 30 Toyota models are affected by the aforementioned recalls. The Japanese company paid $66 million in fines for delays in reporting unintended acceleration problems, ultimately reaching a $1.2 billion settlement with the United States Justice Department for the entire fiasco.
Check out the PDF document below for further results from Toyota's 2014 fiscal year presentation.
If the forecast turns out to be right on the money, it will mark Toyota Corporation's first fall in three years. Since November 2012, the company's operating profit has been greatly aided by favourable exchange rates between the U.S. dollar and Japanese yen, but currency movements are unpredictable this following financial year.
With almost 10 million vehicles moved globally, annual sales jumped a little over 16 percentage points, keeping Toyota ahead of General Motors and Volkswagen in the greatly competitive global car manufacturers chart.
As expected, there's a very small chance for sales to be on the rise yet again since demand for new cars traditionally slows down after a surge as big as this one. Another factor that'll affect Toyota's 2015 financial year is represented by the 8 million vehicles around the world subjected to two major recall operations.
We remind you that almost 30 Toyota models are affected by the aforementioned recalls. The Japanese company paid $66 million in fines for delays in reporting unintended acceleration problems, ultimately reaching a $1.2 billion settlement with the United States Justice Department for the entire fiasco.
Check out the PDF document below for further results from Toyota's 2014 fiscal year presentation.
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