Toyota in turn posts record results, but remains cautious



The automotive sector is doing decidedly well. After the good results of Renault and VW, after the spectacular results of Stellantis and BMW on Tuesday, it is Toyota’s turn to publish flattering figures on Wednesday. The Japanese auto giant shared sharply increased one-year results for its first quarter 2021-2022.

Toyota’s net profit over the April-June period was thus multiplied by more than five over one year, totaling 897.8 billion yen (6.9 billion euros), thanks to the dynamic recovery of its activity after the initial impact of the pandemic. A record for a first quarter of the group, according to him.

Its operating profit reached 997.5 billion yen, and its quarterly sales jumped 72.5% year on year to 7.935.6 billion yen (61.3 billion euros). Good results accompanied by the group’s prudence on its annual objectives, plagued by “uncertainties”, cooling investors in Tokyo that very morning.

“Uncertainties”

These performances “are the result of maintaining our sales and our supplies. […] despite the shortage of semiconductors and the spread of Covid-19 ”thanks to progress in competitiveness, comments Toyota in its press release. However, the group has not changed its annual forecasts, citing many “uncertainties”.

“The situation is still unpredictable due to the expansion of Covid-19 in emerging countries, the shortage of semiconductors and the soaring prices of raw materials”, explained the manufacturer. It still expects an annual net profit of 2.3 trillion yen (17.7 billion euros), which would be an increase of 2.4% over one year, as well as an operating profit of 2.5 trillion yen. , or + 13.8% over one year.

Likewise, Toyota continues to anticipate annual sales of 30,000 billion yen (231.7 billion euros at the current rate), for volume sales amounting to 10.55 million units on the whole exercise for all its brands.

AFP source

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