Toyota Motor disclosed its IFRS-based results. Cumulative first-half final profit was ¥2.2364 trillion, and full-year profit was revised upward to ¥3.5700 trillion.
According to Toyota Motor’s IFRS results released in the afternoon session on 5 November, consolidated final profit for the cumulative first half of the current fiscal year rose 26.1% year on year to ¥2.2364 trillion.
The company also revised its full-year consolidated final profit forecast upward by 9.8%, from the previous forecast of ¥3.2500 trillion to ¥3.5700 trillion. The expected decline in profit narrowed to 7.2%, from a 15.5% decline in the previous fiscal year.
Based on the first-half results and full-year plan disclosed by the company, consolidated final profit for the October–March period was estimated to fall 35.7% year on year to ¥1.3335 trillion.
Consolidated final profit for the July–September quarter fell 18.5% year on year to ¥759.4 billion, while the operating margin on sales improved from 6.8% to 8.4%.