Its group net profit for the first half of fiscal 2006 gained 36.2 percent from a year before to 777.22 billion yen on sales of 11.47 trillion yen, up 15.3 percent. Toyota became Japan's first manufacturer to post sales of more than 10 trillion yen on a half-year basis.
The world's second-largest automaker which places Daihatsu Motor Co. and Hino Motors Ltd. under its wings said its group operating profit soared 35.1 percent to 1.09 trillion yen, also an all-time high.
Moving closer to overtake General Motors Corp. as the world's No. 1 carmaker, Toyota revised upward its earnings estimates for fiscal 2006 to next March.
Its full-year group operating profit is now estimated at 2.20 trillion yen, up from the 1.90 trillion yen projected in May. If the estimate is realized, Toyota will become the first Japanese company posting more than 2 trillion yen in group operating profit.
Toyota also expects a full-year consolidated net profit of 1.55 trillion yen, up from the initially anticipated 1.31 trillion yen, on sales of 23.20 trillion yen, up from 22.30 trillion yen.
In fiscal 2005 to last March, Toyota posted a group net profit of 1.37 trillion yen and an operating profit of 1.88 trillion yen on sales of 21.04 trillion yen.
Toyota will pay a dividend of 50 yen per share for the first half, up from 35 yen a year before.
In the latest six months ended Sept. 30, the Toyota group's global auto sales totaled 4,145,000 vehicles, up 8.1 percent from a year before and a record high for the fiscal first half for the eighth consecutive year.
Its North American auto sales advanced 17.6 percent to 1,463,546 units, helped by rising demand for its gas-sipping models such as the redesigned Camry sedans and Prius gas-electric hybrid cars.
Its sales in Europe totaled 589,240 units, up 18.3 percent, but sales in Asia, excluding Japan, fell 14.8 percent to 381,799 units due mainly to sluggish demand in Indonesia and Taiwan.
Its sales in Japan dipped 1.2 percent to 1,073,457 vehicles.
While GM and Ford Motor Co., the world's third-largest automaker, are seeing flagging sales in their main U.S. market, Toyota said in September that global auto sales for the group are expected to reach 9.8 million units in 2008.
The Seoul Times
Shinheungro 25-gil 2-6
Yongsan-gu, Seoul, Korea
Office: 82-10-6606-6188 Email:firstname.lastname@example.org
Copyrights 2000 The Seoul Times Company ST Banner Exchange