Toyota today announced the first quarter of April to June consolidated financial results (international accounting standards), operating profit increased 94% year-on-year, amounting to 1.12 trillion yen; operating income increased by 24% to 1.055 trillion yen; net profit increased by 78% to 1.31 trillion yen. Net profit increased by 78% to 1.31 trillion yen.
It is reported that this is also the first time that Toyota’s quarterly net profit has exceeded 1 trillion yen. Toyota maintains its full-year performance forecast unchanged. It expects operating income to increase by 2% year-on-year to 38 trillion yen; operating profit will increase by 10% to 3 trillion yen; net profit increased by 5% to 2.58 trillion yen.
According to previous reports, Toyota’s sales of hybrid vehicles (HV) and premium vehicles increased in the first quarter, and profits hit a record high. However, Toyota’s sales in the Chinese market fell for the first time in three months in June, falling 12.8% year-on-year to 174,548 vehicles. Sales in China fell 2.8% from January to June.
