On August 5th, the Toyota Group announced its previous quarterly results. Due to its strong performance in the United States in the largest market, revenue and profit rose significantly in the second quarter (Toyota’s first quarter of this fiscal year), operating profit was approximately US$6.76 billion. Close to 1.5 times that of competitors Volkswagen. However, its automotive business operating profit declined.
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Most of the profit index for revenues grows.
In fiscal year 2015 (April 1, 2014 to March 31, 2015), the first fiscal quarter, that is, the second quarter of 2014, Toyota Group achieved operating revenue of 6,306 billion yen (according to the latest exchange rate of about 62.27 billion US dollars In the same way as the following conversion, it was a year-on-year increase of 2.2% compared to the 62,553 billion yen in the second quarter of 2013 (the second quarter of fiscal 2014).
In terms of operating profit, Toyota reached 692.7 billion yen (about 6.76 billion U.S. dollars) in the previous quarter, which was an increase of 4.4% from the same period last year of 616.3 billion yen. The operating profit rate also increased from 10.6% to 10.8%.
Earnings before interest and taxes (excluding joint ventures according to the equity method) were 717.8 billion yen (approximately 7.52 billion U.S. dollars) compared with 724.1 billion yen in the same period of last year, an increase of 6.6% year-on-year.
The net profit was 587.7 billion yen (about 5.73 billion U.S. dollars) in the previous quarter, a year-on-year increase of 4.6 percent on the basis of 5621 billion yen in the same period last year. The net profit rate increased from 9.0% to 9.2%, ranking among the top car companies. Net income per share increased from 177.32 yen to 185.34 yen.
Toyota Motor Group's operating income for the quarter was 5.941 trillion yen (US$57.649 billion) last year, compared with 5.818 billion yen for the same period last year, an increase of 1.7% year-on-year; operating profit was 586.67 billion yen (about 5.72 billion yen). USD), which was 608.4 billion yen in the same period of last year, down 3.6% year-on-year.
Recapture the profit champion
The main rivals currently competing with Toyota for the title of the largest car company are the Volkswagen Group and General Motors. In the first half of the year and the second quarter, Toyota has regained its title in sales. In terms of operating income and profits, the general public is usually on the front of the index, while Toyota is dominating the profit field. The second quarter of this year still continues this trend.
In the second quarter of 2014, the Volkswagen Group achieved operating revenue of 50.977 billion Euros, compared with 52.122 billion Euros in the same period of last year, which was a year-on-year decrease of 2.2%.
In terms of operating profit, Volkswagen reached 3.33 billion Euros in the second quarter, which was 3.1% lower than the 3.437 billion Euros in the same period in 2013; operating profit margin decreased from 6.6% to 6.5%. In the public report, the closest to the concept of net profit is “profit attributed to the public shareholdersâ€, which rose by 12.5% ​​from the previous period of 2.832 billion euros to 31.86 billion euros. This profit rate is
Last quarter's public revenue was equivalent to 68.16 billion US dollars, 9.45% higher than Toyota; Volkswagen's operating profit equivalent to 4.452 billion US dollars, Toyota's indicator exceeded the public 51.8%; Volkswagen's net profit equivalent to 4.26 billion US dollars, Toyota is 34.5% higher than Volkswagen.
Volkswagen overtakes Toyota in terms of sales volume, but its profitability is still lower than that of Toyota, especially the profitability of its popular passenger vehicle brand. Therefore, the public is implementing a plan to cut costs. 