TORONTO, ON., (August 5, 2014) – Led by strong sales in North America, cost reductions, favourable currency exchange rates and a gain due to valuation gains/losses from interest-rate swaps, Toyota’s global net income jumped 4.6 per cent during the first quarter (April 1 – June 30, 2014) of the 2015 fiscal year.

 

Global Financial Highlights:

  • Global sales rose by 9,426 vehicles to 2.24 million, with strong sales in North America and gains in Europe and the Middle East, offsetting decreases in Japan and other parts of Asia
  • Consolidated net revenues rose to 6.39 trillion yen (*$62.6 billion); up 2.2 per cent
  • Operating income increased to 692.7 billion yen ($6.79 billion); up 4.4 per cent
  • and Net income jumped to 587.7 billion yen ($5.76 billion), a 4.6 per cent increase

(*all currency translations above are approximate and based on an average 102 -yen-to-dollar exchange rate)

 

North America Financial Highlights:

  • Sales increased 21,000 vehicles to 710,000
  • Operating income (excluding valuation gains/losses from interest-rate swaps) was 149.7 billion yen ($1.46 billion)

(*all currency translations above are approximate and based on an average 102 -yen-to-dollar exchange rate)

 

Current Fiscal Year Global Forecast (April 1, 2014 – March 31, 2015) Remains Unchanged: 

  • Global consolidated sales of 9.1 million vehicles
  • Consolidated net revenue of 25.7 trillion yen (*$254 billion)
  • Operating income of 2.3 trillion yen ($22.8 billion)
  • and net income of 1.78 trillion yen ($17.6 billion)

(*all currency translations above are approximate and based on a projected 101-yen-to-dollar exchange rate)

 

For more information on the fiscal year results, go to: http://www.toyota-global.com/investors/financial_result/

 

About Toyota Canada Inc.

Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota, Lexus and Scion vehicles.  Incorporated in 1964, Toyota has sold more than 4 million vehicles in Canada through a national network of 285 Toyota, Lexus and Scion dealerships.  Toyota is dedicated to bringing safety, quality, dependability and reliability in the vehicles Canadians drive and the service they receive.  TCI’s head office is located in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax and parts distribution centres in Toronto and Vancouver.  Toyota operates two manufacturing facilities in Canada which build popular Canadian vehicles Toyota RAV4, Toyota Corolla, Lexus RX 350 and RX 450h hybrid.  Toyota Motor Manufacturing Cambridge (TMMC) also manufactures the Toyota RAV4 EV for the North American market.  TMMC is the only Toyota manufacturer in North America to assemble both hybrid and electric vehicles.

 

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