丰田汽车(US ADR)(TM) - 2024 Q3 - Quarterly Results

Financial Performance - Sales revenues for the first nine months of FY2024 reached ¥34,022,720 million, a 23.9% increase compared to ¥27,464,033 million in FY2023[4] - Operating income for the first nine months of FY2024 was ¥4,240,238 million, reflecting a 102.1% increase from ¥2,098,095 million in FY2023[4] - Net income attributable to Toyota Motor Corporation for the first nine months of FY2024 was ¥4,031,624 million, up 105.3% from ¥1,964,122 million in FY2023[4] - The forecast for full-year sales revenues in FY2024 is projected at ¥43,500,000 million, a 17.1% increase from FY2023[8] - The forecast for net income attributable to Toyota Motor Corporation for FY2024 is expected to be ¥4,500,000 million, an 83.6% increase from FY2023[8] - Earnings per share for FY2024 is projected at ¥332.97, significantly higher than the previous year[8] - Comprehensive income for the first nine months ended December 31, 2023, was ¥5,415,334 million, significantly higher than ¥2,424,351 million for the same period in 2022, representing an increase of approximately 124%[21] - Total comprehensive income for the first nine months ended December 31, 2023, was ¥5,415,334 million, compared to ¥2,424,351 million for the same period in 2022, indicating a significant increase of about 123.5%[30] Assets and Equity - Total assets as of December 31, 2023, amounted to ¥84,232,154 million, an increase from ¥74,303,180 million as of March 31, 2023[5] - Total shareholders' equity as of December 31, 2023, was ¥33,523,966 million, compared to ¥29,264,213 million in FY2023[5] - The ratio of shareholders' equity for Toyota Motor Corporation increased to 38.7% in FY2024 from 38.1% in FY2023[5] - Total liabilities decreased to ¥45,038,967 million as of December 31, 2023, from ¥50,708,188 million as of December 31, 2022, a reduction of approximately 11%[16] - Total shareholders' equity as of December 31, 2023, reached ¥33,523,966 million, up from ¥28,450,023 million at the end of 2022, marking an increase of approximately 18%[28] - The company reported a significant increase in retained earnings, which rose to ¥31,726,790 million as of December 31, 2023, compared to ¥27,696,192 million at the end of 2022, reflecting a growth of about 14.9%[28] Cash Flow and Dividends - Cash dividends per share for FY2024 are forecasted to be ¥30.00 for the second quarter, with a total expected dividend of ¥60.00 for the year[6] - The company paid dividends of ¥880,197 million to common shareholders during the first nine months of 2023, an increase from ¥727,980 million in the same period of 2022[30] - Cash flows from operating activities for the first nine months ended December 31, 2023, amounted to ¥2,786,141 million, compared to ¥1,825,923 million in the previous year, reflecting an increase of approximately 52.7%[30] - The company’s cash and cash equivalents at the end of the period increased to ¥7,583,154 million from ¥6,022,089 million at the end of the previous year, representing a growth of about 26%[30] Vehicle Production and Sales - Vehicle production for FY2024 Q3 reached 2,444 thousand units, a 9% increase from FY2023 Q3's 2,243 thousand units[32] - Total vehicle sales for FY2024 Q3 were 2,551 thousand units, up 9% from 2,331 thousand units in FY2023 Q3[32] - North America vehicle sales in FY2024 Q3 were 475 thousand units, a decrease of 10% compared to 525 thousand units in FY2023 Q3[32] - Vehicle sales in Europe for FY2024 Q3 increased to 238 thousand units, a 13% rise from 210 thousand units in FY2023 Q3[32] - Asia's vehicle sales for FY2024 Q3 were 489 thousand units, showing a slight decrease from 510 thousand units in FY2023 Q3[32] - The company reported a total of 7,295 thousand vehicle sales for the first nine months of FY2024, compared to 6,491 thousand units in the same period of FY2023, reflecting a 12% increase[32] Strategic Initiatives - The company is focusing on new product development and technology advancements to enhance competitiveness in the global market[32] - The company is exploring strategic acquisitions to bolster its market position and expand its product offerings[32] - The company plans to expand its market presence in Africa, where vehicle sales increased to 35 thousand units in FY2024 Q3, up from 38 thousand units in FY2023 Q3[32] Operational Metrics - Operating income for FY2024 Q3 was ¥1,680.9 billion, representing a 14.0% operating income ratio, up from 12.6% in FY2023 Q3[33] - Net income attributable to Toyota Motor Corporation for FY2024 Q3 was ¥1,357.8 billion, with a net income ratio of 11.3%, compared to 11.2% in FY2023 Q3[33] - The automotive segment generated ¥11,065.7 billion in sales for FY2024 Q3, reflecting strong market performance[33] - Financial services segment revenue for FY2024 Q3 was ¥922.3 billion, showing growth from previous quarters[33] - R&D expenses for FY2024 Q3 amounted to 289.2 billion yen, with a total of 898.1 billion yen for the first nine months of FY2024[34] - Depreciation expenses for FY2024 Q3 were 302.9 billion yen, totaling 904.5 billion yen for the first nine months of FY2024[34] - Total liquid assets reached 14,143.6 billion yen by the end of FY2024 Q3, reflecting a significant increase from previous quarters[34]