TMC Announces April Through June 2022 Financial Results
All consolidated financial information has been prepared in accordance with International Financial Reporting Standards (IFRS)
TOYOTA CITY, Japan – WEBWIRE – Friday, August 5, 2022
Toyota Motor Corporation (TMC) today announced its financial results for the first quarter, which ended June 30, 2022.
Consolidated vehicle sales totaled approximately 2,013,000 units, a decrease of approximately 135,000 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 8.491 trillion yen ($65.3 billion), an increase of 7.0%. Operating income decreased from 997.4 billion yen ($9.0 billion) to 578.6 billion yen ($4.4 billion), while income before income taxes 1 was 1.021 trillion yen ($7.8 billion). Net income 2 decreased from 897.8 billion yen ($8.1 billion) to 736.8 billion yen ($5.6 billion).
Regions
North America: Vehicle sales totaled approximately 635,000 units, a decrease of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 129.1 billion yen ($993.0 million) to 88.0 billion yen ($676.9 million).
Japan: Vehicle sales totaled approximately 403,000 units, a decrease of 97,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 180.6 billion yen ($1.3 billion) to 337.6 billion yen ($2.5 billion).
Europe: Vehicle sales totaled approximately 248,000 units, a decrease of 33,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 6.3 billion yen ($48.4 million) to 23.6 billion yen ($181.5 million).
Asia: Vehicle sales totaled approximately 361,000 units, a decrease of 4,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 24.8 billion yen ($190.7 million) to 192.2 billion yen ($1.47 billion).
Other regions (including Central and South America, Oceania, Africa, and the Middle East): Vehicle sales totaled approximately 366,000 units, an increase of 26,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, decreased by 22.5 billion yen ($173.0 million) to 41.2 billion yen ($316.9 million).
Financial Services
Financial services operating income increased by 4.6 billion yen ($35.3 million) to 167.9 billion yen ($1.2 billion). Including valuation gains/losses, operating income decreased by 81.5 billion yen ($626.9 million) to 114.5 billion yen ($880.7 million).
(*FY23 currency translations above are approximate and based on an average 130-yen-to-dollar exchange rate; FY22 is 110-yen-to-dollar exchange rate)
Forecast
For the fiscal year ending March 31, 2023, TMC estimates consolidated vehicles sales will be 8.85 million units. Based on an exchange rate assumption of 130 yen to the U.S. dollar, TMC forecasts consolidated net revenue of 34.5 trillion yen ($265.3 billion), operating income of 2.4 trillion yen ($18.4 billion), income before income taxes of 3.27 trillion yen ($25.1 billion), and net income of 2.36 trillion yen ($18.1 billion).
(*all currency translations above are approximate and based on an average 130 -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
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Prime Minister Shri Narendra Modi will visit Assam on 28th April 2022. At around 11:00 AM, he will address the ‘Peace, Unity and Development Rally’ at Diphu in Karbi Anglong District. During the programme, he will also lay the foundation stone of various projects in the education sector. Thereafter, at around 01:45 PM, Prime Minister will reach Assam Medical college, Dibrugarh and dedicate Dibrugarh Cancer Hospital to the nation. Later, at around 3 PM, he will attend a public function at Khanikar ground in Dibrugarh, where he will dedicate six more cancer hospitals to the nation and lay the foundation stone of seven new cancer hospitals.
PM at Diphu, Karbi Anglong
Prime Minister’s unwavering commitment towards peace and development of the region was exemplified with the recent signing of Memorandum of Settlement (MoS) by Government of India and Government of Assam with six Karbi militant outfits. The MoS has ushered in a new era of peace in the region. Prime Minister’s address at ‘Peace, Unity and Development Rally’ will provide a major boost to the peace initiatives in the entire region.
The Prime Minister will also lay the foundation stone of Veterinary College (Diphu), Degree College (West Karbi Anglong) and Agricultural College (Kolonga, West Karbi Anglong). These projects, worth more than Rs 500 crore, will bring new opportunities for skilling and employment in the region.
During the Programme, Prime Minister will also lay the foundation stone for more than 2950 Amrit Sarovar projects. The state will develop these Amrit Sarovars at a cumulative cost of around Rs 1150 crore.
PM at Dibrugarh
Assam Cancer Care Foundation, a joint venture of Government of Assam and Tata Trusts, is executing a project to build South Asia’s largest affordable cancer care network with 17 Cancer care hospitals spread across the state. Under the Phase 1 of the project, out of 10 hospitals, the construction of seven hospitals have been completed while three hospitals are at various level of construction. Phase 2 of the project will witness construction of seven new cancer hospitals.
Prime Minister will dedicate to the nation seven cancer hospitals completed under phase 1 of the project. These cancer Hospitals are built at Dibrugarh, Kokrajhar, Barpeta, Darrang, Tezpur, Lakhimpur, and Jorhat. Prime Minister will also lay the foundation stone of seven new cancer hospitals at Dhubri, Nalbari, Goalpara, Nagaon, Sivasagar, Tinsukia and Golaghat to be constructed under phase 2 of the project.
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DS/SH
PM to visit Assam on 28th April
(Release ID: 1820240)
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April 2022: World Estimating Offers Discount for Construction Estimation This Summer
World Estimating is a renowned construction estimating company with its head office in Dallas, Texas. This company has been around for the last four decades and has provided thousands of takeoff and estimating services to its clients. All the clients are satisfied with the services and continue to stay connected with them. One of their clients stated “We have been in contact with World Estimating for more than 15 years. Among all the construction estimating companies, we have found them to be as the best one.” – Car M. Ortiz, Owner of Construction Mates Inc.
All sorts of estimating and takeoff services provided here are accurate and practical. And by maintaining that they have decided to give in a hefty discount of 30 percent this summer to revive the construction season like before. We talked with the owner about this and he spoke. “We understand that its construction season and thus to facilitate our clients both old and new, we have decided to give in a 30 percent discount on our services. So, whether you have our aggregate construction takeoff or any other, we got you covered in discounted price with the same accuracy so you bid right and make the best profit possible.”
Accuracy has always been their core value. They ensure accuracy with the highest standard as the means to benefit their clients. As we had a word with one of their clients. “We have been their client for quite some time. We build lumber structures in the country. And to do that we have trusted their lumber takeoff. Their takeoff has proved to be of great value for us. They are accurate enough to facilitate smooth construction procedure.” – Joe T. Bolling, Owner of Country Help
As we talked further with their owner, we came to know that W.E.S is taking this initiative to help contractors to revive the construction atmosphere as it was back in the pre-lockdown days. They hope to provide contractors with discounted construction estimation so that they bid with an accurate amount. Considering that fact neither underbid nor overbid is beneficial for contractors. With underbid, he might get the project but lose his profit and with overbid, he would defiantly lose the project. Thus, this discount is hoped to help contractors for needed results in a fast-pacing environment.
Next to that, World Estimating has prepared to provide something extra with their construction takeoff and other services. These include:
24/7 chat, email, and phone services. They can pick as they like and contact to avail discount.
Expert estimators would be around to give out the right advice and help clients
Details included would be sufficient for every construction concern.
About the Firm
World Estimating Services holds great repute among construction estimating companies. The firm has vast teams of estimators and takeoff specialists. Also, they have gained a vast pool of customers. With their team of experts, they offer all sorts of takeoff and estimating services for their customers.
Contact Info
Nathaniel James
World Estimating Services
+1 347 480-1903
info@worldestimating.com
www.worldestimating.com
World Estimating Services
Nathaniel James
347-480-1903
https://worldestimating.com/
Contact
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