Toyota turns in Apr. to Jun. financial results

Toyota announced its financial figures from April through June 2022, the first quarter of the Japanese fiscal year. The automotive brand revealed that its consolidated vehicle sales, as well as its operating income, decreased compared to the same time period in 2021.

As reported by the Aichi prefecture-based firm, they only sold 2,013,000 units, a decrease of approximately 135,000 units compared to the same period last fiscal year. Likewise, operating income decreased from ¥997.4 billion (US$9.0 billion) to ¥578.6 billion (US$4.4 billion). In addition, the company’s net income decreased from ¥897.8 billion yen (US$8.1 billion) to ¥736.8 billion (US$5.6 billion).

Broken down, Toyota revealed that their biggest loss was in their domestic sales. The brand’s Japanese vehicle sales totaled approximately 403,000 units, a decrease of 97,000 units compared to their sales in the same period last year. It is followed by their sales in the European market which totaled approximately 248,000 units giving them a decrease of 33,000 units.

Toyota also appeared to have losses in the North American region where their numbers show a decrease of 26,000 units after they sold approximately 635,000 units in the North American market.

In Asia, Toyota’s vehicle sales totaled approximately 361,000 units, a more tolerable decrease of 4,000 units.

Despite the aforementioned losses in Toyota’s largest markets, the company saw an increase in other regions such as Central and South America, Oceania, Africa, and the Middle East. Vehicle sales in these markets totaled approximately 366,000 units, an increase of 26,000 units.

Photo from Toyota

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