Toyota doubles net profit in the last nine months of 2023

The world’s largest automotive company by sales volume recorded an operating profit of 4.24 trillion yen (26,567 million euros) in the period in question. 102.1% progress compared to the same period in the previous year.

The company’s sales turnover reached 34.02 trillion yen (214.194 million euros), up 23.9% year on year between April and December, the first nine months of Japan’s fiscal year. During this period, Toyota sold a total of 7,295,000 vehicles belonging to its own brand and other companies belonging to the group, including Lexus and Daihatsu. This figure means an increase of 804,000 units compared to the previous year.

In your financial report, Toyota noted that “sales increased in all regions”and especially hybrid vehicles, for which it sold 37.9% more on an annual basis. The company, headquartered in Aichi (central Japan), described the improvement in operating profit as ” cost reduction efforts to offset the increase in material costs as a result of the pandemic” and for greater availability of semiconductors following shortages in previous years.

Toyota’s results include data detected at two of its subsidiaries, mini-vehicle and commercial vehicle maker Daihatsu Motor and an auto parts company, and its parent company. stop some of your production paralyzing the distribution of domestic and diverse models.

According to these results for the first nine months of the year, Toyota Motor expects to make a net profit of 4.5 trillion yen (28 billion 188 million euros) for the entire fiscal year, which will end next March, which translates into 1.5 trillion yen (28 billion 188 million euros). It will constitute an advance amounting to one million euros). 83.6% compared to the previous year and a record number. Operating profit will increase by 80% to 4.9 trillion yen (30,693 million euros), while sales turnover will increase by 17% to 43.5 trillion yen (272,484 million euros).