Toyota: FY 2014 forecasted profit is highest since Lehman Brothers crisis

Expects to sell 5 million Toyota and Lexus branded vehicles in emerging countries

2013/11/20

Table of contents

Summary
Operating profit of JPY 2.2 trillion forecast for FY 2014
Toyota Group's sales plan for 10.10 million units in FY 2014
Organizational change to ensure clearer earnings responsibility and faster decision-making
Increasing vehicle production capacities in emerging countries
Producing more engines with higher local content ratios in emerging countries
Developing small cars for emerging countries jointly with Daihatsu
Sales Forecast by LMC Automotive: Toyota group sales forecast in major 54 countries through 2016

Summary

Toyota Motor Corporation is expected to end the fiscal year ending in March 2014 (FY 2014) with consolidated operating profit of JPY 2.2 trillion restoring the peak level marked for FY 2008. Toyota has plans for Toyota Group to produce 10.12 million units in calendar year 2013 and sell 10.10 million units in FY 2014.
With lessons learned from its experience during the Lehman Brothers crisis, Toyota is aiming for “sustainable growth” by further improving its business efficiency. In April 2013, Toyota announced resolutions to clarify responsibility for operations and earnings and increase the speed of decision-making. To this end, Toyota’s automotive business was divided into four units: Toyota No. 1 covering advanced markets, Toyota No. 2 covering emerging markets, Lexus International and the Unit Center.
The second half of the report will introduce the key plans for Toyota No. 2. These plans include establishing a local integrated production network, developing strategic small vehicles for emerging markets, and selling 5 million units of Toyota and Lexus vehicles (excluding Daihatsu and Hino). Plans for Toyota No. 1 will be introduced in a separate report.

Related Reports:
Toyota's sales and earnings are in full-scale recovery (posted in January 2013)
Toyota's earnings improvement plans for development, procurement and production (Posted in June 2012)

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