Toyota Motor Corporation (TMC) has posted a 2.88 per cent rise in consolidated net revenues of $30.2256 trillion yen ($272.30 billion) for the fiscal year ended March 31,2019, increasing 0.8461 trillion yen ($7.62 billion).

Consolidated vehicle sales totalled 8,976,795 units, an increase of 12,401 units compared to the previous fiscal year. Operating income increased from 2.3998 trillion yen ($21.61 billion) to 2.4675 trillion yen ($22.22 billion), while income before income taxes was 2.2854 trillion yen ($20.58 billion). Net income decreased from 2.4939 trillion yen ($22.46 billion) to 1.8828 trillion yen ($16.96 billion).
 
Operating income increased by 67.6 billion yen ($609.00 million). Major factors contributing to the increase included an increase of 275.0 billion yen ($2.47 billion) in marketing efforts.
 
TMC operating officer Masayoshi Shirayanagi said: “Excluding the overall impact of foreign exchange rates, swap valuation gains and losses and other factors, operating income improved by 190 billion yen ($1.71 billion) year on year.

“While net income decreased by 611.1 billion yen ($5.50 billion) year on year, this is largely due to specified factors that the net income of the same period of the previous fiscal year includes a positive impact of 249.6 billion yen ($2.24 billion) due to the US tax reform and that net income of the fiscal year that ended in March 2019 includes a negative impact of 293.7 billion yen ($2.64 billion) of unrealized gains and losses on securities due to the market deterioration during such fiscal year.”
 
Vehicle sales Central and South America, Oceania, Africa, and the Middle East totalled 1,327,017 units, a decrease of 64,714 units, while operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 28.5 billion yen ($256.75 million) to 89.5 billion yen ($806.30 million). – TradeArabia News Service