Toyota Announces Record First Quarter Operating Results
TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the first quarter ended June 30, 2007. On a consolidated basis, net revenues for the first quarter totaled 6.52 trillion yen, an increase of 15.7 percent compared to the same period last fiscal year. Operating income increased 31.8 percent to 675.4 billion yen, while income before income taxes, minority interest and equity in earnings of affiliated companies was 739.0 billion yen. Net income increased by 32.3 percent to 491.5 billion yen. Positive contributions to operating income totaled 220.0 billion yen, consisting of 100.0 billion yen from marketing efforts, 100.0 billion yen from changes in foreign exchange rates and 20.0 billion yen from cost reduction efforts. ...
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