Japanese auto giant Toyota Motor Corp. (TM,TYT.L) reported a surge in full-year net income to 962.1 billion yen, from 283.5 billion yen a year before.
Annual operating income advanced year-over-year to 1.32 trillion yen, from 355.63 billion yen, while pre-tax income stood at 1.40 trillion yen. According to the company, major factors contributing to the operating income growth include the positive effects from marketing activities generating 650.0 billion yen, cost reduction efforts saving 450.0 billion yen and currency fluctuations of 150.0 billion yen, which offset the negative effects from related expenses of 300.0 billion yen.
On a consolidated basis, net revenues totaled 22.06 trillion yen this year, up 18.7 percent, compared with the prior-year figure of 18.58 trillion yen. Consolidated vehicle sales reached 8.871 million units, an increase of 1.519 million units versus the previous year.
Based on an exchange rate of 90 yen to the U.S. dollar and 120 yen to the euro, TMC forecasts consolidated net revenue of 23.5 trillion yen, operating income of 1.8 trillion yen and net income of 1.37 trillion yen for the fiscal year ending March 31, 2014. Further, TMC announced a year-end dividend of 60 yen per share, to be proposed at the general shareholders meeting in June.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.