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Toyota balance sheet 2017: more sold, more earned

Toyota balance sheet for fiscal year 2017
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I n the first nine months of fiscal year 2018 - which lasts until March at Toyota - the group increased sales, sales and profit. Compared to the same period of the previous fiscal year, sales rose by 0.5 percent to 6.68 million vehicles.

Toyota behind VW - in terms of sales

Toyota is expecting the entire fiscal year with sales of 10.5 million vehicles. In the full year, the Japanese sold 10.38 million cars, 2.1 percent more than in the previous year. The Toyota Group also includes Daihatsu and Hino Motors. The Volkswagen Group would remain the world's largest automaker with 10.74 million vehicle deliveries.

Record expected

From April to December 2018, Toyota Motors Corporation (TMC) had sales of 21.8 trillion Yen, that's 168.97 billion euros. The profit before tax rose by 40.5 percent to 2.01 trillion yen (15.61 billion euros), as the company announced. The result improved by 13.8 percent to 1.77 trillion yen (13.71 billion euros). The increase is mainly due to exchange rate effects and cost reductions. For the entire fiscal year, Toyota expects earnings of 2.4 trillion yen (17.6 billion euros). Sales are expected to rise to 29 trillion yen.

Fiscal year 2016/2017

At Toyota, the fiscal year starts on April 1st and ends on March 31st. Toyota Motor Corporation (TMC) has now announced the result for this period in 2016 and 2017. The Japanese brand sold 8.97 million vehicles worldwide, which is 289,532 more than in the previous fiscal year.

Return at Toyota higher than at VW

The group's sales nevertheless fell slightly, it fell to the equivalent of 231.91 billion euros. This puts Toyota a few billion euros ahead of ore competitor VW, which came to 217 billion euros in 2016. Due to the different time periods, however, the figures cannot be compared in detail. TMC puts the profit before taxes at 18.44 billion euros. The return on sales is 7.9 percent, here Toyota is ahead of the VW Group, which comes before special items and taxes on a return of 6.7 percent.

In the 2016/2017 fiscal year, Toyota had 7.22 billion Euros less profit. Exchange rate effects of 7.9 billion euros and 4.45 billion euros higher expenditure put pressure on profits.

Toyota sold 924,560 cars in Europe, 9.5 percent more than in the same period of the previous year. The strongest growth was in Asia, where the brand sold 1.59 million vehicles andachieved an increase of 18.1 percent. In the 2017/2018 fiscal year that has just begun, Toyota wants to sell 8.9 million cars worldwide.

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