7th Feb 2006 12:31
Toyota Motor Corporation07 February 2006 February 7, 2006 Highlights of Consolidated Financial Results for FY2006 Third Quarter (October 1, 2005 through December 31, 2005) (All financial information has been prepared in accordance with accountingprinciples generally accepted in the United States of America) (Billions of yen unless otherwise specified) FY2005 Third Quarter FY2006 Third Quarter FY2006 Forecast (Oct. 2004 through (Oct. 2005 through % of change (Apr. 2005 through Dec. 2004) Dec. 2005) from FY2005 Mar. 2006) Third Quarter Vehicle sales 1,839 1,980 7.6% 7,950(Thousand units) Net revenues 4,644.0 5,333.3 14.8% Operating income 422.9 482.2 14.0% Income before income taxes, 447.1 639.9minority interest and equity inearnings of affiliated 43.1%companies Net income 296.5 397.5 34.1% Factors contributing to Operating income increased byincreases and decreases inoperating income 59.3 billion yen (Increase) Effects of changes in exchange rates 130.0 Marketing efforts 60.0 Cost reduction efforts 30.0 (Decrease) Decrease in the gains recognized on the transfer of the substitutional portion of the employee pension -28.5 fund to the Government -132.2 Increases in expenses Exchange rates JPY106/US$ JPY117/US$ JPY137/Euro JPY139/Euro Capital investment 207.4 365.0 1,400.0(excluding leased vehicles) Depreciation expenses 184.1 236.2 880.0 Performance 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 accordancewith accounting 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 themarkets in which Toyota operates; (vi) Toyota's ability to timely develop andachieve market acceptance of new products; and (vii) fuel shortages orinterruptions in transportation systems, labor strikes, work stoppages or otherinterruptions to, or difficulties in, the employment of labor in the majormarkets where Toyota purchases materials, components and supplies for theproduction of its products or where its products are produced, distributed orsold. 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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