Toyota more than doubled its operating profit and net profit in the first half of the current fiscal year (April 1, 2023, to March 31, 2024) compared with the same period last year. Sales and unit sales also increased significantly from April to September 2023.
Group sales increased by 23.8 percent to almost 21.92 trillion yen (143.26 billion euros), while operating profit was just under 2.56 trillion yen (16.73 billion euros), an increase of 124.2 percent. Profit before taxes thus climbed 92 percent to more than 3.52 trillion yen (23.01 billion euros).
Globally, Toyota sold nearly 5.6 million vehicles during the period, an 8.3 percent increase over the previous year. Electrified models proved to be the growth driver, with sales up 38.1 percent to around 1.83 million units. 35.3 percent of all vehicles sold are already electrified.
In Europe, Toyota sold a total of 557,000 vehicles in the first half of the fiscal year. Compared to the same period last year, this represents an increase of 16.2 percent. Operating profit generated in the region more than quadrupled to 192.2 billion yen (1.26 billion euros). North America remains the Group's largest sales region, with an increase of 11.2 percent to 1.39 million vehicles.
Toyota recorded the largest increase in its home market of Japan, with a good 1.07 million vehicles sold, an increase of 23.3. The rest of Asia also saw an increase of 9.6 percent to 895,000 units. In other regions such as Central and South America, Australia and Oceania, Africa and the Middle East, around 835,000 vehicles were registered, up 11.5 percent. (aum)
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