Aug. 24, 1984
TOYOTA ANNOUNCES FISCAL 1984 PERFORMANCE
TOYOTA MOTOR CORPORATION has released the following unconsolidated financial figures for the 1984 fiscal year, which ended on June 30, 1984.
- Production and Sales
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Total production during fiscal 1984 was 3,376,224 units, a 6.1 percent increase over fiscal 1983. Passenger car production was 2,435,226 units, up 5.6 percent, and truck and bus production was 940,998 units, up 7.3 percent.
Total domestic sales for fiscal 1984 were 1,662,077 units, up 7.5 percent from the previous fiscal year, while exports reached 1,710,352 units, up 4.6 percent. Exports of KD sets were 156,800 units, an increase of 39.4 percent.
- Financial Review
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Net sales for fiscal 1984 were ¥5,472,681 million, up 11.9 percent. Operating income was ¥406,482 million, up 33.5 percent, and income before special items was ¥521,767, up 30.9 percent. Net income (after taxes) was ¥251,567 million, up 24.9 percent from fiscal 1983.
- Income Distribution
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Toyota, in February 1984, paid an interim dividend of ¥7 per share, including an regular dividend of ¥6 and a special dividend of ¥1, and will pay a year-end dividend of ¥9.5 per share, made up of a regular dividend of ¥6 and a special dividend of ¥3.5. For the special dividend, ¥1 will be paid in cash and ¥2.5 in the form of stock.
- Assets and Liabilities
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Total assets at the end of fiscal 1984 were ¥3,096,911 million, up 10.5 percent from fiscal 1983. Current assets were ¥1,773,215 million, up 14.4 percent, and fixed assets were ¥1,323,696 million, up 5.8 percent.
Total liabilities were ¥1,124,583 million, up 7.7 percent, and total shareholders' equity was ¥1,972,328 million, up 12.2 percent.
- Future Outlook
- While it is extremely difficult to provide a pinpoint forecast for fiscal 1985 (July 1984 through June 1985), Toyota Motor Corporation has set the following production and sales targets
| Sales | About | 3,500,000 | units | |
|---|---|---|---|---|
| Domestic sales | About | 1,690,000 | ||
| Exports | About | 1,810,000 | ||
| KD Sets | About | 160,000 | sets | |
| Industrial vehicles | About | 36,900 | units | |
| Houses | About | 1,300 | units | |
| Net sales | About | ¥5,600,000 | million | |
Income estimates for fiscal 1985 are also difficult to forecast because of fluctuating exchange rates and other unsettled factors. In any event Toyota Motor Corporation will exert its utmost efforts to at least maintain income at the same level as fiscal 1984.
