Toyota Motor Corporation said on Tuesday that its sales revenue for the first quarter of its fiscal 2024 amounted to ¥10.5 trillion ($73.9 billion), climbing 24% year on year.
Net income for the quarter ending June 30 soared 75% year on year to ¥1.3 trillion and operating income skyrocketed 94% to ¥1.1 trillion. Diluted earnings per share attributable to Toyota soared 80% from ¥53.65 last year to ¥96.74
"The sales volume increased in all regions due to productivity improvement efforts promoted with suppliers, in addition to an improvement in the supply and demand situation for semiconductors, which continued for a while. On the other hand, many customers are still waiting for delivery of their cars, especially new models, for a long time, so we are working to deliver them as soon as possible," the carmaker noted.
