Japanese car maker Toyota Motor Corporation released financial results for the first quarter of 2025 fiscal year, a period ending by 30th June of 2024. The vehicle sales globally decreased by 74 thousand units on the year-on-year basis. The total vehicle production reached 2,252,000 units according to the recent company financial statement.
At the same time total revenues on the entire company reached almost 76 billion USD and increased by more than 12 percent on the year-on-year basis. Operating income increased to 8.4 billion USD, which represents a 2.4 percent increase in comparison to the same period last year. Net income increased from 9.04 billion USD to 9.2 billion USD on the year-on-year basis (based on the 6th of August 2024 exchange rate: 145 JPY for 1 USD). That means an increase by 1.8 percent.
For the entire fiscal year 2025 (ending 31st March 2025) Toyota Motor Corporation estimates its total vehicle sales to 9.5 million units globally. If the target would be fulfilled it would mean an increase by almost 240 thousand units or by 2.6 percent. Toyota estimates total revenue above 317 billion USD, operating income almost 30 billion USD and net income after taxes at 24.6 billion USD.
Toyota stocks have been shattered by the global sales which occurred in the first August trading days. During the last five days (since the 1st of August) the market value of the company decreased by more than 14 percent. On the year-to-day basis the Toyota stocks are being traded almost 4.5 percent lower. On the other hand, the stocks are still 3 percent higher than a year ago.
For the rest of this year, it is possible to expect that the automotive market will be influenced by the general economic development in the world. Nowadays the sentiment is harmed by the concerns about the economic development in the US, and expectations related to the oncoming US presidential election in November 2024.
Oleh Shalenyk
Financial Analyst
