Toyota (TM) Revs Drop 10.2% in First Three Quarters of FY12; Post-Tax Net Income Down 58%
Toyota Motor Corporation (NYSE: TM) today announced financial results for the nine months ended December 31, 2011.
On a consolidated basis, net revenues for the nine months totaled 12,881.1 billion yen, a decrease of 10.2 percent compared to the same period last fiscal year.
Operating income decreased from 422.1 billion yen to 117.1 billion yen, while income before income taxes* was 197.2 billion yen.
Net income decreased from 382.7 billion yen to 162.5 billion yen. Operating income decreased by 305.0 billion yen.
Major factors contributing to the decrease include the negative effects of marketing activities of 120.0 billion yen and currency fluctuations of 200.0 billion yen.
Consolidated vehicle sales for the nine months totaled 4,995 thousand units, a decrease of 522 thousand units compared to the same period last fiscal year, a 9.5 percent drop.
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On a consolidated basis, net revenues for the nine months totaled 12,881.1 billion yen, a decrease of 10.2 percent compared to the same period last fiscal year.
Operating income decreased from 422.1 billion yen to 117.1 billion yen, while income before income taxes* was 197.2 billion yen.
Net income decreased from 382.7 billion yen to 162.5 billion yen. Operating income decreased by 305.0 billion yen.
Major factors contributing to the decrease include the negative effects of marketing activities of 120.0 billion yen and currency fluctuations of 200.0 billion yen.
Consolidated vehicle sales for the nine months totaled 4,995 thousand units, a decrease of 522 thousand units compared to the same period last fiscal year, a 9.5 percent drop.
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