Unintended acceleration settlement hits Toyota’s Q4 bottom line

Unintended acceleration settlement hits Toyota’s Q4 bottom line

May 10, 2014 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Depending on how you want to look at things, the US Attorney’s Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion yen ($2.89 billion), compared to 313.9 billion yen ($3.05 billion) a year ago. However, the automaker still posted record full-year profits worldwide. Operating profit also fell in the US by 9 percent to $498.1 million for the quarter, but sales were up by 6 percent to 581,261 vehicles. According to Automotive News , global revenue was still up from January to March by about 13 percent and vehicle sales were up 6 percent to 2.58 million units. However, the payment to the feds did little to hold the company back last year. For the fiscal year ending March 31, 2014, Toyota had net income of 1.82 trillion yen ($17.7 billion), compared to 962.1 billion yen ($9.5 billion) in the last fiscal year. Total vehicle sales were also up. The settlement certainly seemed to stagger Toyota for the quarter, especially in the US. But it didn’t do much overall.

Toyota Motor Corporation Announces Financial Results for Fiscal Year Ended March 31, 2014

May 8, 2014 by · Leave a Comment 

Toyota City, Japan, May 8, 2014— Toyota Motor Corporation (TMC) today announces its financial results for the fiscal year ended March 31, 2014. For Comprehensive FY2014 Financial Materials: http://www.toyota-global.com/investors/financial_result/

Toyota Motor Corporation Announces Year-End Financial Results for Fiscal Year Ended March 31, 2013

May 11, 2013 by · Leave a Comment 

TOYOTA CITY, Japan, May 8, 2013 — Toyota Motor Corporation today announces its financial results for the fiscal year ended March 31, 2013.

Respect for the Planet: Toyota’s 2012 Report Details Commitment to the Environment

December 4, 2012 by · Leave a Comment 

NEW YORK – Dec. 4, 2012 – Toyota today highlighted its sustainable manufacturing advancements and commitment to environmental leadership as the automaker released its 2012 North America Environmental Report. The report spans Toyota operations in the United States, Canada and Mexico over the fiscal year, including research and development, manufacturing, logistics and sales. Toyota remains the most fuel-efficient full line auto manufacturer in the United States and the industry hybrid leader.

Toyota Motor Corporation Announced Financial Results for Fiscal Year Ended March 31, 2012

May 9, 2012 by · Leave a Comment 

TOYOTA CITY, Japan (May 9, 2012) — Toyota Motor Corporation

TMC Announces Year-End Financial Results

June 19, 2011 by · Leave a Comment 

May 11, 2011—Toyota Motor Corporation (TMC) today announced financial results for the fiscal year ended March 31, 2011.

Toyota Announces Forecast for Fiscal Year Ending March 31, 2012

June 10, 2011 by · Leave a Comment 

TOKYO, JAPAN (June 10, 2011) –Toyota announces forecast for the fiscal year ending March 31, 2012. For key documents, please visit http://www.toyota-global.com/investors/financial_result/2012/

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