Toyota second-quarter net profit rises 2.1% to $2.595 billion

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Thread: Toyota second-quarter net profit rises 2.1% to $2.595 billion

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    Toyota second-quarter net profit rises 2.1% to $2.595 billion

    Toyota's operating profit for the second quarter ended Sept. 30 totalled 404.3 billion yen ($3.45 billion) a 3.2 percent fall in quarterly operating profit

    Net profit rose 2.1 percent to 303.7 billion yen ($2.595 billion)while revenue climbed 10.1 percent to 4.97 trillion yen ($42.47 billion)

    Capital expenditures for the year amounted to 1.4 trillion yen ($12 billion)

    Market estimates put Toyota's operating profit at 1.74 trillion yen ($14.87 billion), for the year to March, up 4 percent, according to 21 brokers surveyed by Reuters Estimates.

    So far, the signs are good.

    Despite a collapse in industry-wide sales in the United States last month, Toyota scored a 5.2 percent rise to grab a 15.1 percent share of the market -- a record high for Toyota and just 1 percentage point less than Ford Division.

    Riding on brisk sales of the Avalon sedan, Tacoma pickup and luxury Lexus GS car, Toyota tacked on 50,000 units to its North American sales forecast, expecting a total 2.55 million vehicles.

    With better sales also anticipated in Japan and other Asian markets, Toyota is now expecting group-wide sales to surge 8.4 percent to 8.03 million units this business year, instead of 7.97 million.

    Still, Koichiro Suzuki, senior investment manager at Sompo Japan Asset Management, said that investors -- who had high hopes for Toyota's earnings -- may sell the stock out of disappointment.

    "The fact that profits fell shows that costs were higher than expected. This is the same sort of pattern as Nissan ... The result certainly falls a little short of expectations," he said.

    Toyota raised its interim dividend by 10 yen to 35 yen, equivalent to a dividend payout ratio of 20 percent, up from around 18 percent at end-March but far from Toyota's eventual goal of 30 percent.

    Full article here:

    http://www.autonews.com/news.cms?newsId=13750
    Last edited by ricers-shaft-big3; 11-04-2005 at 02:11 PM.

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    Re: Toyota second-quarter net profit rises 2.1% to $2.595 billion

    Isn't great to see the Japanese do so well over here and take the money back to Japan!! Hope you can sense the strong sarchasism.

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    Re: Toyota second-quarter net profit rises 2.1% to $2.595 billion

    the money taken back to japan is then spent on buying computers powered by intel or AMD, NVDIA or ATI (oops...sorry; canadian) and loaded with microsoft windows and office;

    known as global trade!

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    Re: Toyota second-quarter net profit rises 2.1% to $2.595 billion

    Quote Originally Posted by CHRISGTO04
    Isn't great to see the Japanese do so well over here and take the money back to Japan!! Hope you can sense the strong sarchasism.
    let me ask you something, what does GM making billions of dollar do for you financially?

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