Toyota has released its financial results for the first quarter of financial year 2021, which runs from April 1, 2020 until March 31, 2021, and they aren’t very promising. The Japanese carmaker has clearly been affected by the Covid-19 pandemic that saw reductions in both production and sales, and the figures reflect that.
During the period of April 1 to June 30 this year, the company’s operating profit plunged by 98.1% to 13.9 billion yen, a far cry from the 740.6 billion yen that was recorded during the same period in the previous financial year (FY2020).
Sales revenue also took a 40.4% hit from 7.7 trillion yen in Q1 FY2020 to just 4.6 trillion yen in Q1 FY2021, which was attributed to 31.8% decline in sales. The company sold a total of 1.8 million cars (including models from all divisions) during the three-month period this year compared to 2.7 million cars in Q1 FY2020.
With recovery initiatives currently in place, the company remains realistic with its forecast for the current financial year, as it expects operating profit to come in at 500 billion yen (its weakest in nine years), while sales revenue is projected to be at 24 trillion yen.
The company ended FY2020 with an operating income of 2.4 trillion yen and a net revenue of 29.9 trillion yen. As for sales, Toyota has revised its projection of 8.9 million cars as of May 2020 to 9.1 million cars, which is still its lowest in nine years and represents a 13% decline from 10.46 million cars in FY2020.
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Don’t worry, toyota will stay stronger same goes to proton/geely and mazda
Meanwhile Toyota still asking billions for tongkat from Japan gomen. No shame company.
Say whatever u want but they make profits worldwide lol
If they make profit, why still ask Tongkat?
Huge kudos to toyota when VW & PSA huge loss
Not bad. While others are posting a loss, Toyota is posting reduced profit instead.
Strong sales new Harrier, RAV4 & Corolla Cross.
Not only that, including Yaris and Raize
Supra, Camry dan Hilux oso terlajak laris.
13 Billion yen loss is sap sap sui covered by 1 Trillion yen bailout from Japan gomen.
Toyota all the way. Be strong
Apr 20 to June 20?
Tell me which car company was doing positively healthy? Almost none.
During Apr to June, Proton & Geely didn’t ask 1sen of gomen bailout unlike Toyota (1 trillion yen), Mazda, Nissan & Mitsubishi (500 billion yen), Ford (US$15.4 billion), General Motors (US$16 billion)
Perodua issues fuel pump recalls for 2018/2019 Perodua Myvi. How can? Malaysian says Myvi is bullet proof and good RV. Moreover it use timing chain lorr, so superior.
seriously toyota has super potential here in malaysia with the new camry and altis. But the price ♂️
Seriously, before commenting here, please think wisely, must beware that these bashers from honda must be seriously have no knowledge and never read at all, which they just simply reply here. Same goes to P1 bashers as well which also bash honda and P2 especially also bashing mazda (not too forget)
Anyway, so please think wisely people.
Oops typo error
Seriously, before commenting here, please think wisely, must beware that these bashers from honda must be seriously have no knowledge and never read at all, which they just simply reply here. Same goes to P1 bashers as well which also bash proton, toyota and nissan, especially also bashing mazda (not too forget)
Anyway, so please think wisely people.
Lol! These honda fanboys here spending their time to attempting to badmouth and make fun for almost car brands including this.
https://paultan.org/2020/05/18/honda-reports-its-lowest-operating-profit-in-four-years/
Siapa cakap? Honda also heading for disaster as will Toyota, Mazda, Nissan, Mitsubishi.
At least toyota, nissan and mazda can handle the covid-19 pandemic and care about people especially including this profits but sadly not all japanese car brands. Honda mana? Why honda never take care of these people during covid-19?
All those brands mentioned can handle covid19 with bailout by govt jepun.If no bailout, they all alrdy bankrap tutup kedai.
Stay Strong Toyota! You can do it.
But very sure that toyota would still able to survive and able to do it better