On May 10th local time, Toyota Motor Corporation released its financial report for fiscal year 2017 (April 1, 2016 to March 31, 2017). In fiscal 2017, Toyota's consolidated car sales were 8,970,860 units, an increase of 289,532 units from fiscal 2016. On the basis of consolidated performance, net income in fiscal 2017 was 275,971 billion yen (about 16,731 billion yuan), a decline of 2.8%. Operating income fell from 28,539 billion yen (about 173 billion yuan) in the previous fiscal year to 19,943 billion yen (about 1208 billion yuan), pre-tax profit was 21,938 billion yen (about 1329 billion yuan), and net income fell from 21,326 billion yen (about 1922 billion yuan) to 18,311 billion yen (about 111 billion yuan). Toyota pointed out that the main reason for the decline in operating income of 859.6 billion yen (about 52.1 billion yuan) was the currency fluctuation of 940 billion yen (about 57 billion yuan) and the increase of 530 billion yen (32.1 billion yuan) in expenses. Osamu Nagata, executive vice president of Toyota Motor, said, "Excluding the impact of foreign exchange rates and swap valuation gains and losses, operating income in fiscal 2017 increased by 120 billion yen (about 7.3 billion yuan) compared with the previous fiscal year, and profit improvement activities made a significant contribution." In Japan, Toyota sold 2,273,962 vehicles in fiscal 2017, an increase of 214,869 vehicles from the previous fiscal year. Excluding the impact of interest rate swap valuation, Toyota's operating income in Japan fell by 470.7 billion yen to 1,206 billion yen (about 73.1 billion yuan). In North America, Toyota's sales fell by 1,895 units to 2,837,334 units from the previous fiscal year. Excluding the impact of interest rate swap valuations, Toyota's operating income in the region also fell, falling by 174.7 billion yen to 330.9 billion yen (about 20.1 billion yuan) from the previous fiscal year. In Europe, Toyota's sales increased by 80,148 units to 924,560 vehicles. Excluding the impact of interest rate swap valuations, Toyota's operating income in the region fell to 11.8 billion yen (about 700 million yuan). In Asia, Toyota sold 1,587,822 vehicles in fiscal 2017, 242,986 more than the previous year. Excluding the impact of interest rate swap valuations, Toyota's operating income in the region fell 30.5 billion yen to 424.4 billion yen (about 25.7 billion yuan). In the rest of the world (Central America, South America, Oceania, Africa and the Middle East), Toyota's overall sales were 1,347,182 vehicles, down 246,576 vehicles from the previous year. Excluding the impact of interest rate swap valuations, operating income in the region fell 39.9 billion yen to 63.4 billion yen (about 3.8 billion yuan). Toyota expects sales of about 8.9 million vehicles for the fiscal year ending March 31, 2018; consolidated net income for the fiscal year is expected to reach 27.5 trillion yen (about 1.667 trillion yuan), down 0.4% from the 2017 fiscal year; operating profit is expected to be around 1.6 trillion yen (about 97 billion yuan), down 19.8% from the previous fiscal year; pre-tax profit is expected to be about 1.5 trillion yen (about 90.9 billion yuan), a year-on-year decline of 18%. (Forecast exchange rate: 1 US dollar to 105 yen, 1 euro to 115 yen) In addition, Toyota's board of directors decided to set the year-end common stock dividend at 110 yen (about 6.67 yuan) per share. Together with the interim dividend of 100 yen, the annual common stock dividend will reach 210 yen (about 12.72 yuan) per share. Toyota's board of directors also decided to repurchase 250 billion yen (about 15.154 billion yuan) or 50 million shares of the company's common stock. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
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