Toyota Motor Corporation Amendments to Forecasts for FY2024 (9655R)
01 Novembre 2023 - 9:00AM
UK Regulatory
TIDMTYT
RNS Number : 9655R
Toyota Motor Corporation
01 November 2023
[Reference Translation]
November 1, 2023
To Whom It May Concern:
Company Name: TOYOTA MOTOR CORPORATION
Name and Title Koji Sato, President
of
Representative:
(Code Number: 7203 Prime of the Tokyo Stock
Exchange and Premier of the
Nagoya Stock Exchange)
Name and Title Yoshihide Moriyama, General
of Manager,
Contact Person: Capital Strategy & Affiliated
Companies
Finance Div.
(Telephone Number: 0565-28-2121)
Notice Concerning Amendments to Forecasts for FY2024
Based on our recent business results, we, Toyota Motor
Corporation, hereby amend, as below, our full-year consolidated
financial forecasts for FY2024 (April 1, 2023 through March 31,
2024), announced on May 10, 2023.
1. Amendments to the full-year consolidated financial forecasts
for FY2024 (April 1, 2023 through March 31, 2024)
(Amount: billion yen)
Sales Operating Income before Net income
revenues income income taxes attributable to
Toyota Motor Corporation
Previous forecasts (A) 38,000.0 3,000.0 3,690.0 2,580.0
---------- ---------- -------------- --------------------------
New forecasts (B) 43,000.0 4,500.0 5,550.0 3,950.0
---------- ---------- -------------- --------------------------
Amount changed (B - A) 5,000.0 1,500.0 1,860.0 1,370.0
---------- ---------- -------------- --------------------------
% of change 13.2% 50.0% 50.4% 53.1%
---------- ---------- -------------- --------------------------
(Reference) Actual results for FY2023 37,154.2 2,725.0 3,668.7 2,451.3
---------- ---------- -------------- --------------------------
2. Reasons for the amendments
The full-year consolidated financial forecasts for FY2024 were
amended from the previously announced forecasts in light of efforts
to improve profitability, in addition to the impact of exchange
rate fluctuations.
The forecast of the full-year consolidated vehicle unit sales
for FY2024 has not been changed from the previous forecast of 9.6
million units.
The assumption of the foreign exchange rate for the full-year
average has been changed from 125 yen per U.S. dollar and 135 yen
per euro to 141 yen per U.S. dollar and 152 yen per euro.
(Note)
This notice contains forward-looking statements that reflect
Toyota's plans and expectations. These forward-looking statements
are not guarantees of future performance and involve known and
unknown risks, uncertainties and other factors that may cause
Toyota's actual results, performance, achievements or financial
position to be materially different from any future results,
performance, achievements or financial position expressed or
implied by these forward-looking statements. These factors include,
but are not limited to: (i) changes in economic conditions, market
demand, and the competitive environment affecting the automotive
markets in Japan, North America, Europe, Asia and other markets in
which Toyota operates; (ii) fluctuations in currency exchange
rates, particularly with respect to the value of the Japanese yen,
the U.S. dollar, the euro, the Australian dollar, the Canadian
dollar and the British pound, fluctuations in stock prices, and
interest rates fluctuations; (iii) changes in funding environment
in financial markets and increased competition in the financial
services industry; (iv) Toyota's ability to market and distribute
effectively; (v) Toyota's ability to realize production
efficiencies and to implement capital expenditures at the levels
and times planned by management; (vi) changes in the laws,
regulations and government policies in the markets in which Toyota
operates that affect Toyota's automotive operations, particularly
laws, regulations and government policies relating to vehicle
safety including remedial measures such as recalls, trade,
environmental protection, vehicle emissions and vehicle fuel
economy, as well as changes in laws, regulations and government
policies that affect Toyota's other operations, including the
outcome of current and future litigation and other legal
proceedings, government proceedings and investigations; (vii)
political and economic instability in the markets in which Toyota
operates; (viii) Toyota's ability to timely develop and achieve
market acceptance of new products that meet customer demand; (ix)
any damage to Toyota's brand image; (x) Toyota's reliance on
various suppliers for the provision of supplies; (xi) increases in
prices of raw materials; (xii) Toyota's reliance on various digital
and information technologies, as well as information security;
(xiii) fuel shortages or interruptions in electricity,
transportation systems, labor strikes, work stoppages or other
interruptions to, or difficulties in, the employment of labor in
the major markets where Toyota purchases materials, components and
supplies for the production of its products or where its products
are produced, distributed or sold; (xiv) the impact of natural
calamities, epidemics, political and economic instability, fuel
shortages or interruptions in social infrastructure, wars,
terrorism and labor strikes, including their negative effect on
Toyota's vehicle production and sales; (xv) the impact of climate
change and the transition towards a low-carbon economy; and (xvi)
the ability of Toyota to hire or retain sufficient human
resources.
A discussion of these and other factors which may affect
Toyota's actual results, performance, achievements or financial
position is contained in Toyota's annual report on Form 20-F, which
is on file with the United States Securities and Exchange
Commission.
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END
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Grafico Azioni Toyota Motor (LSE:0LG5)
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