Photo: Toyota
Toyota Motor Corporation (TMC) announced its financial results for the nine-month period that ended December 31st, 2013 scoring an increase of over 17 percent.
On a consolidated basis, net revenues for the period totaled 19.12 trillion yen, an increase of 17.8 percent compared to the same period last fiscal year. Operating income increased from 818.5 billion yen to 1.85 trillion yen, while income before taxes was 2.02 trillion yen.
“In addition to the positive impact of the weaker yen, our operating income increased due to marketing efforts such as increased vehicle sales and cost reduction activities through collaboration with our suppliers.” said TMC managing officer Takuo Sasaki.
In Japan, vehicle sales totaled 1,641,420 units, a decrease of 26,557 units. Operating income from Japanese operations increased by 894.9 billion yen to 1.16 trillion yen. In North America, vehicle sales totaled 1,962,212 units, an increase of 96,762 units.
“In addition to the positive impact of the weaker yen, our operating income increased due to marketing efforts such as increased vehicle sales and cost reduction activities through collaboration with our suppliers.” said TMC managing officer Takuo Sasaki.
In Japan, vehicle sales totaled 1,641,420 units, a decrease of 26,557 units. Operating income from Japanese operations increased by 894.9 billion yen to 1.16 trillion yen. In North America, vehicle sales totaled 1,962,212 units, an increase of 96,762 units.
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