Toyota’s Earnings Dip On Currency Impact and Unit Sales Decline In Key Geographies
Toyota Motors (NYSE:TM) announced earnings for the fiscal year 2016 on Wednesday, May 11th. The company reported a 2% year-over-year decrease in earnings per share (EPS) on a year-over-year net income decline of 2.5% and a year-over-year revenue decline of 4.4%. All numbers show the effect of the shift in exchange rate between the dollar and the yen. In constant currency terms, the company reported a 7% increase in EPS on a 6.4% increase in net income and a 4.3% increase in revenue. In terms of sales performance, the company reported declines in all regions except for North America, which is its biggest and most profitable market. Despite these results, the company forecast an increase in unit sales in all geographies for the next fiscal year.
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Toyota Motor
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