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Toyota Tumbles; Operating Profits Plunge 43%

Weakness in North America, currency shifts hammer Japanese giant.

by on Nov.08, 2016

The new C-HR could be a critical addition for Toyota.

Toyota Motor Corp.’s operating profit earnings took a 43% plunge during the July to September quarter, the world’s largest automaker struggling in the face of numerous headwinds. Net income, meanwhile, slid 36% for the quarter.

The growing strength of the yen was one problem for the Japanese giant. But the automaker also faced challenges in North America where the overall automotive market is slipping after the strongest recovery in history. Complicating matters, Toyota has been overly dependent on lower-profit passenger cars, such as the Camry and Corolla, as higher-margin trucks have been gaining momentum.

Earnings News!

“Supply has not kept up with demand” for more profitable models like the Toyota RAV4 and Highlander utility vehicles, acknowledged Executive Vice President Takahiko Ijichi, something that has led Toyota to trim its outlook for North America for the rest of the fiscal year ending March 31, 2017.

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Toyota Earnings Slip; Company Cuts Forecast

Strong yen, production problems, sliding margins take a toll.

by on Aug.04, 2016

Toyota CEO Akio Toyoda faces pressure to cut costs even as the maker invests in new products.

Snagged by a strong yen, tepid sales and supplier problems, Toyota Motor Corp. delivered a weak profit for the latest quarter, the Japanese giant also warning that the current fiscal year could be its weakest in nearly half a decade.

Toyota, whose global sales slipped behind rival Volkswagen AG for the first half of this year, said it earned $5.1 billion for the April-June quarter, the first in its new fiscal year. That was a decline of 14.5%. Operating earnings, meanwhile, were off 15%, to $5.9 billion.

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By the Numbers!

Net revenues also declined 5.7%, to $60.9 billion, despite a modest 1% increase in global vehicle sales. The maker sold 2.53 million cars, trucks and crossovers for the quarter, but that number was short of expectations due to a series of natural and man-made disasters that impacted production in Toyota’s home market plants.

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Toyota Earnings Up Over 500% on Weaker Yen

Japanese giant raises forecast – but also faces some problems.

by on Feb.04, 2014

The Prius has helped drive Toyota sales worldwide.

The world’s largest automaker has now posted the industry’s largest profit for the final quarter of 2013, Toyota Motor Co. earnings increasing by more than 500%, much of that momentum driven by the weak yen.

Toyota earned 525.4 billion yen, or $5.2 billion, for the October-December period, the third quarter of the Japanese fiscal year, up from 99.9 billion yen a year earlier.  The maker’s quarterly sales, meanwhile, surged by 24%, to 6.6 trillion yen, or $64.2 billion.

World View!

Toyota’s earnings handily exceeded the 437 billion yen, or $4.3 billion, consensus forecast of industry analysts polled by tracking firm FactSet.  That’s a sharp shift from recent days during which a number of key corporations have fallen short of industry estimates, driving a sharp sell-off of stocks in Asia and on other markets around the world.

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Toyota Triples Earnings

Maker forecasts $10 billon profit for full year.

by on Nov.05, 2012

Toyota hopes to keep its momentum going with new products like the completely redesigned Avalon.

Toyota Motor Co. tripled its net earnings for the July – September quarter as it continued recovering from last year’s devastating Japanese earthquake and tsunami.

The huge jump – which saw the maker’s profit jump to 257.9 billion yen, or $3.2 billion, well in excess of analysts’ consensus forecasts — came despite lopsided exchange rates and the impact of a boycott in China. And it encouraged to maker to forecast that net earnings for the full year will now reach $9.8 billion, up from an earlier forecast of $9.5 billion.

Your Automotive Source!

“We have revised the forecast we announced at the end of the first quarter to reflect the progress we have been making,” said Executive Vice President Satoshi Ozawa.

Toyota operates on a fiscal year ending March 31st, so the latest earnings mark the end of the first half of that year during which it saw profits surge 572.1% compared to year-earlier levels.

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Toyota Sharply Downgrades Earnings Forecast

Blames strong yen, Thai flooding.

by on Dec.09, 2011

Toyota faces a grim fiscal year.

Weeks after company officials expressed their hopes that things were getting back to normal, Toyota officials have issued a bleak forecast that sharply downgrades its earnings for the rest of the fiscal year.

Having earlier cut earnings projections due to the March 11 earthquake and tsunami that devastated Japan – and led to months of automotive production cuts – Toyota now says the strong yen, as well as Thai flooding, will reduce its earnings for the fiscal year, which ends March 31, by more than half.

Your Inside Source!

The maker now anticipates a net profit of 180 billion – or $2.3 billion at the current exchange rate – down from the 390 billion yen it forecast in August.  During a conference call this morning it also said revenues will dip from the earlier forecast of 19 trillion yen to just 18.2 trillion, or $234.4 billion.

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