Toyota sells 2.1-M vehicles in Q1

Toyota Motor Corporation (TMC) recently announced its global financial results for the first quarter which ended June 30, 2021.

Based on Toyota’s financial records, the net revenues for the aforementioned period totaled ¥7.935 trillion which saw an increase of 72.4% from last year’s financial results. Operating income increased from ¥13.9 billion to ¥997.4 billion while net income increased from ¥158.8 billion to ¥897.8 billion.

The increased revenues were largely due to the company’s increased vehicle sales which totaled approximately 2,148,000 units compared to the 990,000 units the company sold in the same period last year.

Commenting on the results, TMC Senior Managing Officer Masayoshi Shirayanagi said, “as for the fixed cost reduction activities, we are steadily making progress toward achieving our challenge-level target, which we are determined to achieve by the end of this fiscal year through further efforts across regions.”

In Japan, Toyota sold 505,827 units while they sold 207,481 units in the rest of Asia. The brand sold 710,409 units in North America and delivered a total of 207,481 units in Europe.

In other regions (including Central and South America, Oceania, Africa, and the Middle East), Toyota’s vehicle sales totaled 432,192 units.

Photos from Toyota

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