Toyota has today announced operating results for the first quarter (on a fiscal year basis) ended June 30, 2007. They show a jump in operating profits underpinned by the weak yen and strong sales overseas.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Strong overseas sales results contrasted with depressed sales at home, though the firm managed to increase operating income in Japan on improved product mix.


On a consolidated basis, net revenues for the first quarter totaled 6.52 trillion yen, an increase of 15.7% compared to the same period last fiscal year.  Operating income increased 31.8% to 675.4 billion yen, while income before income taxes, minority interest and equity in earnings of affiliated companies was 739.0 billion yen.  Net income increased by 32.3% to 491.5 billion yen.


Commenting on the results, Takeshi Suzuki, TMC Senior Managing Director, said: “We posted substantial increases in both revenues and profits, our highest ever quarterly results. Operating income showed a steep increase of 163.0 billion yen compared with the first quarter of the previous fiscal year, due to improved marketing efforts, including higher sales volume and improvement in the product mix, and cost reduction efforts which offset higher raw material costs.”


Consolidated vehicle sales for the first quarter amounted to 2.16m units, an increase of 71 thousand units compared with the same period last fiscal year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In Japan, vehicle sales decreased by 43,000 units, to 500,000 vehicles.  Operating income increased significantly by 103.6 billion yen to 396.6 billion yen, due to an improvement in the product mix, including strong sales of the Lexus LS series, boosted by the introduction of the hybrid model in May 2007, as well as an increase in domestic production to meet brisk overseas demand.


Vehicle sales in North America totaled 762,000 units, an increase of 15,000 units.Operating income increased by 20.1 billion yen, to 160.2 billion yen. 


In Europe, sales increased by 25,000 vehicles, to 333,000 vehicles. Operating income increased by 2.0 billion yen, to 38.5 billion yen, due to the successful launch of the Auris earlier this year, and continued steady sales of the Yaris and the Aygo.


Sales in Asia increased by 29,000 vehicles to 222,000 vehicles. 


Toyota estimates that the projected consolidated vehicle sales for the fiscal year ending March 31, 2008 will be 8.89m units, which is unchanged from TMC’s initial forecast announced in May 2007.  The company’s consolidated revenues and earnings forecast for the fiscal year also remains unchanged, with consolidated net revenues of 25.0 trillion yen, operating income of 2.25 trillion yen and net income of 1.65 trillion yen.