Toyota’s global net income jumped 19.2% during the 2015 fiscal year that ended 31 March, 2015.

Global sales fell 144,169 vehicles to 8.97m with strong sales in North America and gains in Europe offsetting decreases in Japan and other regions.

Consolidated net revenues rose 6% to JPY27.23 trillion (US$248bn), operating income was up 20% to JPY2.7505 trillion and net income rose 19.2% to JPY2.1733 trillion ($19.8bn).

TMC president Akio Toyoda said: “Operating income improved by JPY458.4bn to JPY2.7505 trillion due to positive factors such as favorable foreign exchange rates and cost reduction efforts that more than offset negative factors such as decreased vehicle sales and increased expenses including the investments to enhance our future competitiveness.”

In North America sales increased 185,775 vehicles to 2.72m and operating income (excluding valuation gains/losses from interest-rate swaps) increased to JPY537.9bn ($4.9bn).

In Japan, vehicle sales totaled 2,153,694 units, a decrease of 211,716 units. Operating income increased by 61.3bn yen to 1,571.4bn yen.

In Europe, vehicle sales totaled 859,038 units, an increase of 15,035 units, while operating income increased by 22.8bn yen to 81.1bn yen.

In Asia, vehicle sales totaled 1,488,922 units, a decrease of 119,433 units, while operating income increased by 26.0bn yen to 421.7bn yen.

In other regions (including Central and South America, Oceania, Africa and the Middle East), vehicle sales totaled 1,755,037 units, a decrease of 13,830 units, while operating income increased by 68.9bn yen to 111.5bn yen.

Financial services operating income increased by 66.9bn yen to 361.8bn yen, including a gain of 39.8bn yen in valuation gains/losses from interest rate swaps. Excluding v

Fiscal Year Global Forecast (1 April, 2015 – 31 March, 2016) 

Global consolidated vehicle sales 8.9m

Consolidated net revenue JPY27.5 trillion ($239.1bn)

Operating income JPY2.8 trillion ($24.3bn)

Net income JPY2.25 trillion yen ($19.6bn)