Toyota Motor Corporation Reports Increased Quarter Profit

Toyota Hybrid Range 1 photo
Photo: Toyota
Toyota Motor Corporation (TMC) has recently announced financial results for the first quarter that ended June 30th 2013.
So far, the Japanese automaker Toyota is the biggest quarter seller, net revenues for Q1 this year totaling 6.2553 trillion yen (approx. $62 billion) representing a 13.7 percent increase compared to the same period of last year.

Toyota vehicle sales for the first quarter totaled 2,231,859 units, which is 36,704 units less compared to last year’s Q1.

“Operating income increased due to the impact of foreign exchange rates and our global efforts for profit improvement, through cost reduction activities such as companywide value analysis, and through marketing activities such as enhancement of the model mix and pricing.”, said TMC Managing Officer Takuo Sasaki.

Being on the rise, Toyota is confident, bumping up the forecasts for full-year global sales from 9.94 million to 10.12 million vehicles, due to the 13 percent drop of the Japanese yen versus the US dollar.

See the press release bellow for an in-depth analysis.
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 Download: Toyota First Quarter 2013 Sales Press Release (PDF)


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