A successful financial year for Toyota |  auto-motor.at

A successful financial year for Toyota | auto-motor.at

The company has ignored the ongoing effects of the corona epidemic and the growing shortage of regulators and has grown in almost all areas.

Total car sales reached 10.38 million units in the 2022 financial year, which represents an increase of 4.7 percent compared to the same period last year. More and more consumers are choosing electric vehicles: With more than 2.7 million units, their sales figures have not only increased by 25.4 percent compared to the previous financial year, they also contribute the largest share (28.4 percent) of total sales.

Toyota was able to improve sales and profits despite rising commodity prices and additional investment in new business areas. From April 2021 to March 2022, group sales grew by 15.3 percent to around 31.38 trillion yen (239.54 billion euros *). Operating results even rose by 36.3 percent to around 3.0 trillion yen (22.87 billion euros), a pre-tax profit of 36.1 percent to 3.99 trillion yen (30.46 billion euros). The net profit from TMC over the period was over 2.85 trillion yen, which is 26.9 percent.

In Europe, the company sold nearly 1.02 million cars in the last financial year. Compared to the same period last year, this equates to a six percent increase – the highest growth of all primary markets. North America once again remained the largest sales area with 2.39 million units, followed by Japan with more than 1.92 million vehicles sold. The remaining Asia contributed 1.54 million units, and 1.35 million vehicles were sold in the remaining regions such as Central and South America, Australia and Oceania, Africa and the Middle East.

Given global uncertainty, Toyota expects a slight sales increase of 3.1 percent to 10.7 million units worldwide for the new financial year, ending March 31, 2023. Of these, Europe is expected to account for 1.1 million vehicles, including 8.2 percent.

The company expects sales to reach 33.0 trillion yen (US $ 253.85 billion **), an increase of 1.62 trillion yen (US $ 12.46 billion), or 5.2 percent. However, operating profits will decrease by almost five trillion to 2.4 trillion (18.46 billion euros) due to the significant increase in material and equipment costs. Pre-tax profits are expected to be 3.13 trillion yen ($ 27.2 billion), the actual potential profit associated with 2.26 trillion yen ($ 17.38 billion).

More information about Toyota in www.toyota.at

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