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Toyota's first quarter operating profit was 1.3 trillion yen, a year-on-year increase of 16.7%

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New Beijing News Beike Finance News (Reporter Wang Linlin) On August 2nd, the New Beijing News Beike Finance reporter learned from Toyota's official sources that Toyota's operating revenue for the first quarter of this fiscal year (April 1, 2024- June 30, 2024) was approximately 11.8 trillion yen, a year-on-year increase of 12.2%; The operating profit was approximately 1.3 trillion yen, a year-on-year increase of 16.7%; Net profit was 1.33 trillion yen, a year-on-year increase of 1.7%.
Regarding the growth in performance, Toyota stated that hybrid models are selling well in the North American market and are also related to the depreciation of the Japanese yen. Regarding the performance of the entire fiscal year, Toyota Motor still maintains its forecast of a profit of 4.3 trillion yuan.
However, it is worth mentioning that on July 31st, the Japanese Ministry of Land, Infrastructure, Transport and Tourism announced that after conducting inspections on Toyota Motor Corporation, seven new models were found to have "type designation" certification violations, and it issued a rectification order to Toyota for the first time.
On the same day, Toyota China issued a statement stating that on July 31st, some Toyota and Lexus vehicle certification applications in the Japanese market were found to be non compliant and accepted rectification requirements; After confirmation, the models sold by FAW Toyota, GAC Toyota, and Lexus in the Chinese market have undergone strict certification experiments in accordance with Chinese laws and regulations, under the supervision and guidance of Chinese management departments, and meet national quality standards without any safety or quality issues.
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