Toyota(TM)2024-08-01 08:00Financial 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].