Toyota racks up booming profit, vows to invest to keep growth going [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday. The results exceeded than Toyota's own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year. Sales of hybrids performed well, although Toyota stressed it was working hard to offer various kinds of electric vehicles, including battery EVs, plug-ins and fuel cell models. A weak yen worked as a big plus for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. The U.S. dollar cost an average of 145 Japanese yen during the last fiscal year, up from 135 yen in the year before, according to Toyota. For the January-March quarter, Toyota earned 997.6 billion yen ($6.4 billion), up from 552 billion yen in the previous year, on 11 trillion yen ($71 bill
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News
- Chevy's risky plan for EV dominance: Flood the zone as competitors pull back [Business Insider]Business Insider
- Toyota (TM) to Make $531M Investment in Texas Truck Plant [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts Think Toyota Motor (TM) Is a Good Investment: Is It? [Yahoo! Finance]Yahoo! Finance
- Honda Civic hybrid will be on sale this summer, promising more power and performance [USA TODAY]USA TODAY
- Japan racks up trade deficit as imports balloon due to cheap yen [Investment Executive - News]Investment Executive - News
TM
Sec Filings
- 5/13/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- TM's page on the SEC website