Toyota Motor Corporation (TMC) has announced its financial results for the nine-month period ended Dec. 31, 2012.
On a consolidated basis, net revenues for the period totaled 16.2 trillion yen, an increase of 26 percent compared to the same period last fiscal year.
Operating income increased from 117.1 billion yen to 818.5 billion yen, an increase of 701.3 billion yen, while income before income taxes was 925.7 billion yen. Net income increased from 162.5 billion yen to 648.1 billion yen.
Major factors contributing to the increase in operating income include the positive effects from marketing activities generating 660 billion yen and cost reduction efforts saving 320 billion yen.
Consolidated vehicle sales for the nine months totaled 6.629 million units, an increase of 1.634 million units compared to the same period last year.
Commenting on the results, TMC Senior Managing Officer Takahiko Ijichi said: "Our consolidated operating income for the period April through December 2012 of 818.5 billion yen, reflects our increased vehicle sales and the progress we are making with our profit improvement activities — in spite of a currency exchange rate around the same level as last year.
We also managed to secure an unconsolidated operating income of 21.5 billion yen for the same period."
TMC’s nine-month net revenue up 26% to 16.2 trillion yen
