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丰田汽车(US ADR)(TM) - 2025 Q1 - Quarterly Results
2024-08-01 08:00
Financial Performance - Operating income for FY2025 Q1 reached 1.3 trillion yen, an increase of 0.2 trillion yen year-on-year[5]. - Total sales revenues for FY2025 Q1 were 11.84 trillion yen, up by 1.29 trillion yen from the previous year[8]. - Net income attributable to Toyota Motor Corporation for FY2025 Q1 was 1.33 trillion yen, a slight increase of 1.7% compared to the previous year[24]. - The operating margin improved to 11.1% in FY2025 Q1, up from 10.6% in the same period last year[8]. - Operating income increased by 187.5 billion yen, or 16.7%, to 1,308.4 billion yen in FY2025 first quarter compared to FY2024 first quarter[30]. - Net income attributable to Toyota Motor Corporation increased by 21.9 billion yen, or 1.7%, to 1,333.3 billion yen in FY2025 first quarter compared to FY2024 first quarter[30]. - Total revenues from external customers for the first quarter ended June 30, 2024, reached ¥11,837,879 million, up from ¥10,546,831 million in the previous year, indicating a year-over-year increase of about 12.2%[60]. - Operating income for the first quarter ended June 30, 2024, was ¥1,308,462 million, compared to ¥1,120,900 million in the same quarter of the previous year, reflecting a growth of approximately 16.7%[60]. - Comprehensive income for the period decreased from ¥2,553,887 million in Q1 FY2024 to ¥2,196,759 million in Q1 FY2025, a decline of 14.0%[50]. Sales and Production - Vehicle sales for Toyota and Lexus totaled 2,538 thousand units, representing a year-on-year increase of 1.9%[7]. - Consolidated vehicle unit sales decreased by 74 thousand units, or 3.2%, to 2,252 thousand units in FY2025 first quarter compared to FY2024 first quarter[29]. - Vehicle production for FY2025 Q1 was 2,186 thousand units, a decrease from 2,345 thousand units in FY2024 Q1, representing a decline of 6.8%[66]. - Total vehicle sales for FY2025 Q1 reached 2,252 thousand units, down from 2,326 thousand units in FY2024 Q1, indicating a decrease of 3.2%[66]. - The forecast for total vehicle sales for FY2025 is set at 9,500 thousand units, indicating a strategic target for growth[66]. Financial Services - Sales revenues for financial services operations increased by 230.1 billion yen, or 29.7%, to 1,005.3 billion yen in FY2025 first quarter compared to FY2024 first quarter[33]. - The Financial services segment reported external revenues of ¥992,656 million for the first quarter ended June 30, 2024, up from ¥761,377 million in the previous year, representing a growth of about 30.4%[60]. - The Financial Services business saw an increase in operating income year-on-year, primarily due to a rise in loan balances[80]. Assets and Liabilities - Total assets increased by 3,923.0 billion yen, or 4.4%, to 94,037.3 billion yen at the end of FY2025 first quarter compared to the end of FY2024[41]. - Total liabilities increased from ¥54,874,958 million as of March 31, 2024, to ¥57,257,947 million as of June 30, 2024, a rise of 4.9%[46]. - Total current liabilities increased from ¥29,177,909 million as of March 31, 2024, to ¥30,205,278 million as of June 30, 2024, an increase of 3.5%[46]. Cash Flow and Dividends - Cash and cash equivalents decreased by 1,814.9 billion yen, or 19.3%, to 7,597.0 billion yen at the end of FY2025 first quarter compared to the end of FY2024[42]. - Cash flows from operating activities for the first quarter ended June 30, 2024, decreased significantly to ¥683,661 million from ¥1,358,218 million in the prior year, a decline of about 49.7%[55]. - The company plans to increase cash dividends per share to 75 yen for FY2025, up from 45 yen in FY2024, reflecting a commitment to shareholder returns[67]. - Dividends paid to common shareholders increased to ¥606,338 million for the first quarter ended June 30, 2024, from ¥474,781 million in the previous year, reflecting a rise of about 27.7%[55]. Strategic Initiatives - The company plans to continue investing in human resources and future initiatives to strengthen its foundations[5]. - R&D expenses for FY2025 are projected to be 1,300.0 billion yen[68]. - Capital expenditures for FY2025 are projected to be 2,150.0 billion yen[68]. - The company reported a share of profit from investments accounted for using the equity method of 164.9 billion yen for FY2025 Q1, compared to 193.3 billion yen in FY2024 Q1[67]. - The value of shares repurchased in FY2025 was 18.9 billion yen, part of the ongoing strategy to enhance shareholder value[67]. Market Conditions - The foreign exchange rate for the US dollar was 156 yen, impacting the overall financial performance positively[8]. - Foreign exchange rate effects increased operating income by 370 billion yen, while cost reduction efforts contributed an additional 55 billion yen[77]. - Despite a decrease in production and sales volume in Japan, profit increased due to foreign exchange effects and cost reduction efforts[73]. - Operating income in China decreased year-on-year due to a decline in sales volume and an increase in sales expenses[80].
Class Action Filed Against Toyota Motor Corporation (TM) - August 23, 2024 Deadline to Join – Contact Levi & Korsinsky
GlobeNewswire News Room· 2024-07-31 16:47
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Toyota Motor Corporation ("Toyota" or the "Company") (NYSE: TM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Toyota investors who were adversely affected by alleged securities fraud between June 23, 2022 and June 2, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/toyota-lawsuit-submission-form ...
Toyota returns as title sponsor of the '2024 HBCU New York Classic' featuring Morehouse College vs. Howard University at MetLife Stadium
Prnewswire· 2024-07-30 18:30
PLANO, Texas, July 30, 2024 /PRNewswire/ -- Toyota is excited to announce its return as sponsor of the "2024 HBCU New York Classic," featuring an exhilarating football matchup pitting Morehouse College vs. Howard University on Saturday, September 14th, 2024, beginning at 3:00 p.m. ET at the city's MetLife Stadium. Continuing its long-standing support of Historically Black Colleges and Universities (HBCUs), Toyota champions the spirited competition and rich traditions of HBCU football. As a leading advocate ...
Class Action Filed Against Toyota Motor Corporation (TM) - August 23, 2024 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2024-07-30 16:33
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Toyota Motor Corporation (NYSE: TM). Shareholders who purchased shares of TM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/toyota-loss-submission-form-2/?id=92730&from=3 CLASS PERIOD: June 23, 2022 to J ...
Toyota (TM) Gears Up to Report Q1 Earnings: What's in Store?
ZACKS· 2024-07-30 15:45
Toyota Motor Corporation (TM) is slated to release first-quarter fiscal 2025 results on Aug 1, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $4.01 per share and $72.48 billion, respectively.For the fiscal first quarter, the consensus estimate for TM’s earnings per share has moved down by $1.30 in the past 90 days. Its bottom-line estimates imply a decline of 43.12% from the year-ago reported number.The Zacks Consensus Estimate for revenu ...
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Toyota Motor Corporation(TM) Shareholders
Prnewswire· 2024-07-29 09:45
NEW YORK, July 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Toyota Motor Corporation (NYSE: TM).Shareholders who purchased shares of TM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/toyota-loss-submission-form-2/?id=92372&from=4CLASS PERIOD: June 23, 2022 to June 2, 2 ...
Hybrids Will Drive Toyota's Q1 Earnings
Forbes· 2024-07-29 09:00
AUSTIN, TEXAS - MAY 28: A sign on display at the Toyota of North Austin dealership on May 28, 2024 ... [+] in Austin, Texas. The Japanese automaker, Toyota is planning to develop new engines that will run on carbon-neutral fuels. Toyota continues taking steps in creating multi-pathway approaches in adopting and embracing alternatives to conventional engines powered by fossil fuels. (Photo by Brandon Bell/Getty Images)Getty ImagesToyota Motor Corp stock has gained aboaut 6% this year. In comparison, U.S. riv ...
Toyota Motor Corporation (TM) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-07-26 22:56
In the latest market close, Toyota Motor Corporation (TM) reached $192.52, with a -1.4% movement compared to the previous day. This move lagged the S&P 500's daily gain of 1.11%. Meanwhile, the Dow gained 1.64%, and the Nasdaq, a tech-heavy index, added 1.03%.The company's stock has dropped by 4.23% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 5.19% and the S&P 500's loss of 1.16%.Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming ...
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Toyota
GlobeNewswire News Room· 2024-07-26 17:15
Legal Investigation and Class Action - Faruqi & Faruqi, LLP is investigating potential claims against Toyota Motor Corporation for alleged false and misleading statements made during the Class Period (June 25, 2022, to June 2, 2024) [1][2] - The lawsuit alleges that Toyota understated its malfeasance related to vehicle certification and legal compliance, leading to materially false statements about its business and operations [2] - Investors who purchased Toyota securities during the Class Period may seek the role of lead plaintiff by August 23, 2024 [1] Allegations and Market Impact - Toyota and other Japanese automakers admitted to mishandling safety tests for dozens of models over the past decade, including improper data collection for pedestrian and occupant safety tests on three models, such as the Yaris Cross SUV [3] - Following the news, Toyota's American Depositary Shares (ADSs) fell by $5.34 per ADS, or 2.45%, closing at $212.17 on June 3, 2024 [3] Lead Plaintiff and Class Action Details - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought by the class, who is adequate and typical of class members [4] - Class members may choose to serve as lead plaintiff through counsel of their choice or remain absent, with no impact on their ability to share in any recovery [4] Additional Information and Contact - Faruqi & Faruqi encourages individuals with information about Toyota's conduct, including whistleblowers and former employees, to contact the firm [5] - Updates on the class action can be followed on LinkedIn, X, or Facebook [5]
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Toyota Motor Corporation – TM
GlobeNewswire News Room· 2024-07-26 16:48
NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Toyota Motor Corporation (“Toyota” or the “Company”) (NYSE: TM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Toyota and certain of its o ...