4th Aug 2006 13:02
Toyota Motor Corporation04 August 2006 August 4, 2006 Highlights of Consolidated Financial Results for FY2007 First Quarter (April 1, 2006 through June 30, 2006) (All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America) (Billion yen, unless otherwise specified) FY2006 first FY2007 first FY2007 forecast FY2007 initial quarter quarter (Apr. 2006 forecast (Apr. 2005 (Apr. 2006 through (Apr. 2006 through through Mar. 2007) through Jun. 2005) Jun. 2006) % of change % of from FY2006 change Mar. 2007) first from quarter FY2006 Vehicle sales 1,948 2,091 7.3% 8,450 6.0% 8,450(Thousand units)Net revenues 4,981.7 5,638.1 13.2% 22,300.0 6.0% 22,300.0Operating income 405.1 512.4 26.5% 1,900.0 1.2% 1,900.0 Income before income 421.8 554.6 31.5% 1,970.0 -5.6% 1,970.0taxes, minorityinterest and equity in earnings of affiliatedcompaniesNet income 266.8 371.5 39.2% 1,310.0 -4.5% 1,310.0 Factors contributing to Operating income increased byincreases and decreases 107.3 billion yenin operating income (Increase) Effects of changes in exchange rates 100.0 Marketing efforts 60.0 Cost reduction 20.0 efforts (Decrease) -72.7 Increases in expenses Exchange rates JPY108/US$ JPY115/US$ JPY110/US$ JPY110/US$ JPY135/Euro JPY144/Euro JPY135/Euro JPY135/EuroCapital expenditure 265.3 325.8 1,550.0 1,550.0(excluding leasedassets)Depreciation expenses 190.7 225.9 930.0 930.0Performance evaluation Increases in net revenues, operating income, income before income taxes, minority interest and equity in earnings of affiliated companies, and net income Note: Toyota prepares its consolidated financial statements in accordance withaccounting principles generally accepted in the United States of America. Cautionary Statement with Respect to Forward-Looking Statements This report contains forward-looking statements that reflect Toyota's plans andexpectations. These forward-looking statements are not guarantees of futureperformance and involve known and unknown risks, uncertainties and other factorsthat may cause Toyota's actual results, performance, achievements or financialposition to be materially different from any future results, performance,achievements or financial position expressed or implied by these forward-lookingstatements. These factors include: (i) changes in economic conditions andmarket demand affecting, and the competitive environment in, the automotivemarkets in Japan, North America, Europe and other markets in which Toyotaoperates; (ii) fluctuations in currency exchange rates, particularly withrespect to the value of the Japanese yen, the U.S. dollar, the Euro, theAustralian dollar and the British pound; (iii) Toyota's ability to realizeproduction efficiencies and to implement capital expenditures at the levels andtimes planned by management; (iv) changes in the laws, regulations andgovernment policies in the markets in which Toyota operates that affect Toyota'sautomotive operations, particularly laws, regulations and policies relating totrade, environmental protection, vehicle emissions, vehicle fuel economy andvehicle safety, as well as changes in laws, regulations and government policiesthat affect Toyota's other operations, including the outcome of futurelitigation and other legal proceedings; (v) political instability in the marketsin which Toyota operates; (vi) Toyota's ability to timely develop and achievemarket acceptance of new products; and (vii) fuel shortages or interruptions intransportation systems, labor strikes, work stoppages or other interruptions to,or difficulties in, the employment of labor in the major markets where Toyotapurchases materials, components and supplies for the production of its productsor where its products are produced, distributed or sold. A discussion of these and other factors which may affect Toyota's actualresults, performance, achievements or financial position is contained inToyota's annual report on Form 20-F, which is on file with the United StatesSecurities and Exchange Commission. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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