Tokyo (EFE).- The Japanese vehicle manufacturer Toyota Motor obtained a net profit of 1.96 trillion yen (about 13,930 million euros) between April and December, the first nine months of its fiscal year, a reduction of 18% yoy
The profit before interest and taxes (ebit) contracted 11.4%, up to 2.87 trillion yen (20,350 million euros) and its operating profit fell 17.1% compared to the same period of 2021, up to 2.1 trillion yen (14,880 million euros), according to its latest financial report published this Thursday.
Toyota’s financial results, published before the Tokyo Stock Exchange closed, were received with moderation among its investors and its shares closed 0.18% higher.
The sales turnover of the world’s largest automotive company by sales volume was 27.46 trillion yen (194,750 million euros), an increase of 18% compared to the same months a year earlier and marked a record volume.
Toyota pointed out as the main factors behind these results the shortage of semiconductors and the supply problems associated with the covid-19 outbreaks in suppliers of the company’s components, as well as the increase in the cost of raw materials and fuels, circumstances that have affected its production.
Likewise, he alluded to the “political and economic instability” of the markets in which it operates and the negative financial impact of the closure of its plant in Saint Petersburg (Russia) as a result of the Russian invasion of Ukraine, worth 104,046 million yen. (737.6 million euros), which it recorded as costs and expenses.
In this scenario, the improvement in the company’s vehicle sales, favored by the weakness experienced by the yen in those months, were not enough to balance its accounts.
The Toyota group, with its associated brands, including the luxury Lexus, sold 7,889,000 units between April and December, 1.3% more year-on-year.
Only in the models of the Toyota brand, its commercialization increased by 6.5% globally, up to 6,491,000 units.
The group’s electric vehicle sales rose 1.16% in that period, up to 2,006,000 units.
Places with the highest sales increase
The market where Toyota experienced the greatest increase in sales of its models was in Latin America, Oceania, Africa and the Middle East, where it sold 20.5% more year-on-year, followed by Asia (with the exception of Japan), where they increased by 15, 6%.
In the United States, its largest market, the sale of its vehicles grew by 2.6%.
Toyota’s sales recovered especially in the last quarter of 2022, when they increased 16.4% year-on-year, compared to the 10.3% increase between July and September and the 6.3% drop recorded between April and June, its first fiscal quarter.
In this scenario, Toyota maintained its vehicle sales forecast for the entire year at 8.8 million for those of the eponymous firm and 10.4 million units for the group as a whole.
Regarding the entire financial year, which will end on March 31, the Japanese manufacturer decided to maintain its forecasts published in November.
Toyota expects to pocket an annual net profit of 2.36 trillion yen (about 16,730 million euros), which would mean a reduction of 17.2% compared to the previous year, and estimates that its ebit will be reduced by 16.3% , up to 3.34 trillion yen (23,680 million euros).
Its estimates point to a decrease in its operating profit of 19.9%, to 2.4 trillion yen (16,327 million euros), as well as an increase of 14.7% in its turnover, to 36 trillion yen. (244,872 million euros).