Toyota Motor Posts Record FY24 Net Income of $39.1B

Toyota Motor Fiscal Year Consolidated Financial Results – courtesy of Toyota Motor Corp – May 2024

Ken Zino of AutoInformed.com on Toyota Motor Posts Record FY24 Net Income of $39.1B

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Consolidated Financial Results
• Sales revenues of ¥45 trillion 95.3 billion yen.
• Operating income of ¥5 trillion 352.9 billion yen.
• Income before income taxes of ¥6 trillion 965.0 billion yen.
• Net income of ¥4 trillion 944.9 billion yen.
• Sales volumes increased everywhere , except in Japan, because if the suspension of shipments by Daihatsu Motor Toyota Industries Corporation.
• Sales of electrified vehicles, mainly HEVs, at 37.4% of total sales.

However, Toyota is forecasting a decline in profits for FY 2025 based on roughly the same volumes but with increased costs incurred by the ongoing development of new vehicles.

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