Toyota Q3 Report 2024
During the third quarter of FY2024 (the nine months from April 1 to December 31, 2023), total consolidated net sales of Toyota Industries amounted to 2,827.5 billion yen, an increase of 360.0 billion yen, or 15%, from the same period of the previous fiscal year. In terms of overall profit, despite an increase in labor costs and an increase in expenses and others including research and development expenses, owing to an increase in sales, the impact of exchange rate fluctuations, further advances in cost reduction efforts throughout the Toyota Industries Group and a decrease in logistic costs, Toyota Industries posted consolidated operating profit of 200.9 billion yen, an increase of 62.3 billion yen, or 45%, from the same period of the previous fiscal year. Profit before income taxes totaled 302.2 billion yen, an increase of 72.2 billion yen, or 31% and profit attributable to owners of the parent totaled 230.8 billion yen, an increase of 61.6 billion yen, or 36%.
Highlights
- Net sales of the Automobile Segment totaled 831.0 billion yen, an increase of 136.4 billion yen, or 20%, from the same period of the previous fiscal year. Operating profit amounted to 52.1 billion yen, an increase of 30.8 billion yen, or 144%
- Net sales of the Materials Handling Equipment Segment totaled 1,884.1 billion yen, an increase of 211.8 billion yen, or 13%. Sales of lift trucks, a mainstay product of this segment, increased in North America and Europe while those decreased primarily in Japan. Operating profit amounted to 135.3 billion yen, an increase of 28.3 billion yen, or 27%.
- Net sales of the Textile Machinery Segment totaled 70.4 billion yen, an increase of 8.0 billion yen, or 13%. This is attributable primarily to an increase in sales of spinning machinery and weaving machinery. Operating profit amounted to 6.8 billion yen, an increase of 0.5 billion yen, or 8%
