- Toyota Motor Corp TM reported third quarter FY23 sale Growth of 25% year-on-year to 9.8 trillion yen versus 7.8 trillion yen last year.
- Total costs and expenses rose 26% year over year to 8.8 trillion yen.
- Operating margin was 9.8% and operating income rose 22% to 956.6 billion yen for the quarter.
- The company held 6 trillion yen in cash and equivalents as of December 31, 2022.
- Basic earnings per share for the quarter were 53.40 yen compared to 57.18 yen last year.
- outlook: Toyota expects FY23 sales to reach 36 trillion yen.
- Toyota expects consolidated vehicle sales of 8.8 million units for FY23. It expects total retail unit sales, which include Toyota, Daihatsu and Hino, to reach 10.4 million units.
- Price promotion: TM shares are trading up 1.42% at $145.87 on the last check Thursday.
- Photo via company
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