Click to enlarge.
Toyota Motor Corporation (TMC: Tokyo 7203. NYSE: TM) today announced financial results for the third quarter fiscal year 2025, which ended 31 December 2024. TMC also announced significant changes in China. Consolidated vehicle sales totaled ~7,000,000 units, a decrease of ~295,000 units compared to the same period fiscal year 2024. On a consolidated basis, net revenues for the period totaled 35.673 trillion yen ($233.2 billion), an increase of 4.9%. Operating income decreased from 4.240 trillion yen ($29.7 billion) to 3.679 trillion yen ($24.0 billion), while income before income taxes [footnote 1] was 5.430 trillion yen ($35.5 billion). Net income [footnote 2] increased from 3.947 trillion yen ($27.6 billion) to 4.100 trillion yen ($26.8 billion).{see AutoInformed.com on Toyota Motor FY2025 Q2 Earnings Down Significantly}*
“As a symbol of Toyota’s uniqueness, we have been honing product-and region-based management. As we are striving the activity this fiscal year also, I feel that we will be able to further enhance our earning power,” said Chief Financial Officer Yoichi Miyazaki. “The transformation into a mobility company is something we believe can be built by repeatedly taking on challenges together with partners who share the same aspirations.”
Toyota Motor Regions
- North America: Vehicle sales totaled approximately 2,043,000 units, a decrease of 118,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 348.2 billion yen (2.2 billion) to 204.2 billion yen ($1.3 billion).
- Japan: Vehicle sales totaled approximately 1,454,000 units, a decrease of 176,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 345.0 billion yen ($2.2 billion) to 2.341 trillion yen ($15.3 billion).
- Europe: Vehicle sales totaled approximately 866,000 units, a decrease of 18,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 67.2 billion yen ($439 million) to 376.1 billion yen ($2.5 billion).
- Asia: Vehicle sales totaled approximately 1,378,000 units, an increase of 2,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 28.9 billion yen ($189 million) to 680.7 billion yen ($4.4 billion).
- Other regions (including Central and South America, Oceania, Africa, and the Middle East): Vehicle sales totaled approximately 1,259,000 units, an increase of 14,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 21.3 billion yen ($139 million) to 168.8 billion yen ($1.1 billion).
Financial Services
Financial services operating income increased by 49.5 billion yen ($324 million) to 520.2 billion yen ($3.4 billion). Including valuation gains/losses, operating income increased by 79.3 billion yen ($518 million) to 496.2 billion yen ($3.2 billion).
(*FY25 currency translations above are approximate and based on an average 153 yen-to-dollar exchange rate; FY24 is 143 yen-to-dollar exchange rate)
Forecast
For the fiscal year ending 31 March 2025, TMC estimates consolidated vehicles sales will be 9.40 million units. Based on an exchange rate assumption of 152 yen to the U.S. dollar, TMC forecasts consolidated net revenue of 47.0 trillion yen ($309.2 billion), operating income of 4.7 trillion yen ($30.9 billion), income before income taxes of 6.1 trillion yen ($40.7 billion), and net income of 4.5 trillion yen ($29.7 billion).
“At the board meeting held this morning, we decided to establish a wholly-owned company for the development and production of Lexus BEVs and batteries in Shanghai, China. We have just released this announcement. Local Chinese members will take the lead in planning and developing BEVs that match the unique needs of Chinese customers. Our goal is to become a company that is more loved and supported by the people of China. The new company is planning to start production after 2027 with annual production capacity of approximately 100,000 and about 1000 new jobs,” said Chief Financial Officer Yoichi Miyazaki.
“Additionally, Toyota Battery Manufacturing, North Carolina (TBMNC), our first overseas in-house battery manufacturing company in the United States, has finished preparations for production and will start shipping batteries in April finally. TBMNC is our 11th manufacturing entity in the United States and the first to produce batteries for HEVs, PHEVs, and BEVs in the country. The investment amount is 14 billion dollars, and we plan to create 5000 jobs. We will further strengthen our multi-pathway strategy through the local production of various batteries for electric vehicles,” said Miyazaki.
Inevitable Toyota Motor Footnotes
All currency translations above are approximate and based on an average 152 yen-to-dollar exchange rate.
- [1] Income before income taxes and equity in earnings of affiliated companies.
- [2] Net income attributable to Toyota Motor Corporation.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Toyota Motor Posts FY2025 Q3 Net Revenue Gain
Click to enlarge.
Toyota Motor Corporation (TMC: Tokyo 7203. NYSE: TM) today announced financial results for the third quarter fiscal year 2025, which ended 31 December 2024. TMC also announced significant changes in China. Consolidated vehicle sales totaled ~7,000,000 units, a decrease of ~295,000 units compared to the same period fiscal year 2024. On a consolidated basis, net revenues for the period totaled 35.673 trillion yen ($233.2 billion), an increase of 4.9%. Operating income decreased from 4.240 trillion yen ($29.7 billion) to 3.679 trillion yen ($24.0 billion), while income before income taxes [footnote 1] was 5.430 trillion yen ($35.5 billion). Net income [footnote 2] increased from 3.947 trillion yen ($27.6 billion) to 4.100 trillion yen ($26.8 billion).{see AutoInformed.com on Toyota Motor FY2025 Q2 Earnings Down Significantly}*
“As a symbol of Toyota’s uniqueness, we have been honing product-and region-based management. As we are striving the activity this fiscal year also, I feel that we will be able to further enhance our earning power,” said Chief Financial Officer Yoichi Miyazaki. “The transformation into a mobility company is something we believe can be built by repeatedly taking on challenges together with partners who share the same aspirations.”
Toyota Motor Regions
Financial Services
Financial services operating income increased by 49.5 billion yen ($324 million) to 520.2 billion yen ($3.4 billion). Including valuation gains/losses, operating income increased by 79.3 billion yen ($518 million) to 496.2 billion yen ($3.2 billion).
(*FY25 currency translations above are approximate and based on an average 153 yen-to-dollar exchange rate; FY24 is 143 yen-to-dollar exchange rate)
Forecast
For the fiscal year ending 31 March 2025, TMC estimates consolidated vehicles sales will be 9.40 million units. Based on an exchange rate assumption of 152 yen to the U.S. dollar, TMC forecasts consolidated net revenue of 47.0 trillion yen ($309.2 billion), operating income of 4.7 trillion yen ($30.9 billion), income before income taxes of 6.1 trillion yen ($40.7 billion), and net income of 4.5 trillion yen ($29.7 billion).
“At the board meeting held this morning, we decided to establish a wholly-owned company for the development and production of Lexus BEVs and batteries in Shanghai, China. We have just released this announcement. Local Chinese members will take the lead in planning and developing BEVs that match the unique needs of Chinese customers. Our goal is to become a company that is more loved and supported by the people of China. The new company is planning to start production after 2027 with annual production capacity of approximately 100,000 and about 1000 new jobs,” said Chief Financial Officer Yoichi Miyazaki.
“Additionally, Toyota Battery Manufacturing, North Carolina (TBMNC), our first overseas in-house battery manufacturing company in the United States, has finished preparations for production and will start shipping batteries in April finally. TBMNC is our 11th manufacturing entity in the United States and the first to produce batteries for HEVs, PHEVs, and BEVs in the country. The investment amount is 14 billion dollars, and we plan to create 5000 jobs. We will further strengthen our multi-pathway strategy through the local production of various batteries for electric vehicles,” said Miyazaki.
Inevitable Toyota Motor Footnotes
All currency translations above are approximate and based on an average 152 yen-to-dollar exchange rate.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.