Toyota lowered its sales forecast for the Asian market.
Editor’s note: This article comes from “ Future Car Daily ” (WeChat public account ID: auto-time), author: Zhang.
Author | Zhang Yi
Edit | Li Huanhuan
On February 6, local time, Toyota Motor announced the third fiscal quarter financial report (2019.10-2019.12) for the fiscal year 2020 (2019.4-2020.3).
Data shows that due to weak global car sales, Toyota ’s third-quarter operating profit fell 3.2% year-on-year to 654.4 billion yen (slightly higher than market estimates), and net profit fell 3.3% year-on-year to 7.54 trillion yen. yuan.
Toyota ’s first three fiscal quarters of fiscal 2020 (2019.4-2019.12) net income was 22.83 trillion yen, an increase of 1.6% from 22.48 trillion yen in the same period last year; operating income was about 2.059 trillion yen, which was higher than the previous The year-on-year growth of approximately 1.94 trillion yuan was 6.2%; net profit increased by 0.59 trillion yen to 2.01 trillion yen, and the profit margin was 8.8%.
Specifically, in the third quarter, Toyota ’s North American operating profit was 93.2 billion yen, compared with 18.1 billion yen in the same period last year; Toyota ’s third-quarter operating profit in Asia (excluding Japan) was 95.2 billion yen, a year-on-year decrease of 18%.
At the same time, Toyota Motor adjusted its comprehensive financial forecast for FY 2020. It is estimated that FY 2020’s consolidated net income will be 29.5 trillion yen and operating profit will be 2.50 trillion yen (about 22.7 billion U.S. dollars), compared with the previously expected 2.4. Trillion yen is increased by 4.2%, and net profit is 2.35 trillion yen (approximately 20.7 billion US dollars), previously estimated at 2.15 trillion yen.
From September to December 2019, Toyota sold 2.69 million vehicles worldwide, compared with 2.7 million vehicles in the same period last year. Among them, sales in the Asian market fell by 12.5%, and Toyota’s largest market, North American sales fell by 1.8%.
In the first three fiscal quarters of 2020, Toyota sold 8.14 million vehicles worldwide, up 1.75% from 8 million vehicles in the same period last year. Among them, the North American market sold 2.114 million vehicles in the first three fiscal quarters, accounting for about 26%. The cumulative sales in the Asian market fell by 40,000 vehicles to 1.235 million, accounting for 15.17% of global sales.
Toyota Motor estimates that in the fiscal year ending March 2020, its global car sales will reach 10.73 million units, slightly higher than the previously estimated 10.7 million units. Among them, Toyota lowered its sales forecast in the Asian market from 1.63 million to 1.61 million, while the North American market is expected to increase sales by 20,000 in fiscal 2020.
