May. 23, 1996

Toyota Announces Financial Results for Fiscal Year
Ended March 31, 1996

 

Tokyo―TOYOTA MOTOR CORPORATION (TMC) announced today its financial results for fiscal 1996, ended March 31, 1996. Consolidated net sales for the period were down 1.0% to ¥10.7 trillion, while net income rose 46.1% to ¥256.9 billion. Net income per share was at ¥68.69, up from ¥35.37 in the previous fiscal year.

CONSOLIDATED RESULTS
(millions of yen, millions of US dollars, except for net income per share)
CONSOLIDATED RESULTS

*FY1995 12-month conversion figures are provided for comparison purposes only and, except for total assets, shareholder's equity, and net income per share, were calculated by multiplying actual FY1995 9-month results by 12/9 (TMC changed its fiscal period from July-June to April-March in FY1995, resulting in a 9-month July-March period).

Worldwide, Toyota vehicle sales were down 4.6% to 4.148 million units in fiscal 1996. During that period, sales in Japan, the company's largest market, fell 1.1% to 2.058 million units. Overseas sales fell 7.8% to 2.090 million units.

In other sectors, industrial vehicle sales stood at 64,000 units, while sales of Toyota prefabricated houses amounted to 3,270 units.

Notes
  1. Amounts less than ¥1 million are omitted
  2. U.S. dollar amounts have been converted from yen, solely for the convenience of the reader, at the rate of ¥106=US$1, the approximate rate on the Tokyo Foreign Exchange Market on the last trading day of March 1996.
  3. The computation of net income per share is based on the average number of shares outstanding during each period.
  4. The number of consolidated subsidiaries was 213 in total.
    There were 56 affiliates accounted for under the equity method in fiscal 1996.

Attachment

Highlights of Financial Results for FY 1996 - Unconsolidated (April 1995 to March 1996) (Billion yen unless otherwise specified; amounts less than ¥10 million are omitted) Highlights of Financial Results for FY 1996 - Unconsolidated (April 1995 to March 1996) (Billion yen unless otherwise specified; amounts less than ¥10 million are omitted)
Highlights of Financial Results for FY 1996 - Consolidated (April 1995 to March 1996) (Billion yen unless otherwise specified; amounts less than ¥10 million are omitted)