Toyota sells 2,303,495 vehicles in Q1, maintains 9 million-unit target for FY2020

Toyota Motor Corporation (TMC) today announced its financial results for the first quarter ended June 30, 2019. Consolidated vehicle sales for the first quarter totaled 2,303,495 units, an increase of 67,364 units (+3%) compared to the same period in the last fiscal year.

On a consolidated basis, net revenues for the period totaled 7.6460 trillion yen, an increase of 3.8 percent. Operating income increased from 682.6 billion yen to 741.9 billion yen, while income before income taxes1 was 841.7 billion yen. Net income increased from 657.3 billion yen to 682.9 billion yen. Operating income increased by 59.2 billion yen.

In Japan, vehicle sales totaled 555,291 units, an increase of 44,952 units. Operating income, increased by 40.2 billion yen to 436.4 billion yen.

In North America, vehicle sales totaled 743,576 units, a decrease of 2,559 units. Operating income increased by 37.0 billion yen to 115.4 billion yen.

In Europe, vehicle sales totaled 273,964 units, an increase of 21,325 units. Operating income increased by 11.6 billion yen to 34.7 billion yen.

In Asia, vehicle sales totaled 398,240 units, an increase of 4,011 units. Operating income decreased by 25.6 billion yen to 116.5 billion yen.

In other regions (including Central and South America, Oceania, Africa, and the Middle East), vehicle sales totaled 332,424 units, a decrease of 365 units. Operating income decreased by 19.2 billion yen to 21.7 billion yen.

For the fiscal year ending March 31, 2020, TMC has not revised its consolidated vehicle sales forecast from 9.00 million units, in consideration of the latest sales trends worldwide.

TMC revised its consolidated financial forecasts for the fiscal year ending March 31, 2020. Based on an exchange rate assumption of 106 yen to the U.S. dollar and 121 yen to the euro, TMC now forecasts consolidated net revenue of 29.5 trillion yen, operating income of 2.4 trillion yen, income before income taxes of 2.56 trillion yen, and net income of 2.15 trillion yen.