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Toyota Motor Co., Ltd. announced on June 6 that it had revised its operating income forecast for the current fiscal year (ending March 2021) upwards to 1.3 trillion yen (previous forecast 500 billion yen). , a 46% decrease from the previous fiscal year. Sales, which had been declining due to the spread of the new corona virus infection, are on the rise and the background is that the sales plan has been revised.
Toyota car awaiting shipment at the port of Yokohama (October 31)
Photographer: Toru Hanai / Bloomberg
Toyota’s new operating profit outlook is a market forecast compiled in advance by BloombergIt exceeds the average value of 1,252.6 billion yen. The number of units sold increased by 385 billion yen and the exchange rate also increased by 165 billion yen.
The company’s chief financial officer, Kenta Chika, said at a press conference on the 6th that he would pay a special dividend of 5 yen as a thank you for shareholders’ support. The interim dividend will increase by 5 yen from the previous year to 105 yen per share.
| Summary of Toyota’s Financial Results |
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Outlook for the whole year
July-September Results
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Only Toyota’s global sales in September are the first year-on-year comparison since the spread of the new corona infection.It has become an increase, recovering to around 93% (85% assumed in August) compared to the same period of the previous year in the July-September period. From the end of the year to the beginning of the next, the assumption at the time of the clearance of accounts in August was achieved ahead of schedule, which was supposed to return to the same level as the previous year.
In the July-September period, North America core business operating income was 187.3 billion yen, a significant increase of 61% over the same period last year, contributing to earnings.
While many competitors fell into the red due to the impact of the new Corona, Toyota ran a surplus in the April-June quarter and showed a difference in ground strength. After that, the world’s leading German Volkswagen (VW) and riceFord Motor is in the black for the July-September quarterWhile the industry as a whole shows a recovery trend, like a turnaround, the outbreak is spreading again in Europe and the United States, and the future is uncertain.
Toyota’s close CFO told a news conference that Corona’s second and third waves were “unpredictable given the risks.”
| Toyota’s main planned values for this period |
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(Update with additional financial details)
