AutoBeta(AutoBeta.net)05/12 Report--

On May 12, Toyota Motor Corporation released fiscal year 2019 (April 2019 to March 2020) Financial report, the report shows that Toyota Motor achieved sales of 2,992.9 billion yen in fiscal year 2019 (About RMB 1972.4 billion yuan), down 1.0% year-on-year; realized operating profit of 2442.8 billion yen (about RMB 160.9 billion yuan), down 1.0% year-on-year; realized net profit of 2076.1 billion yen (about RMB 136.8 billion yuan), up 10.3% year-on-year.

During the reporting period, Toyota's cumulative global sales fell 1.9% to 8.958 million vehicles. Japan's largest automaker is struggling to cope with the impact of COVID-19, which has severely affected its sales in several auto markets around the world.

In terms of specific markets, car sales in Japan were 2.24 million units and operating profit was 1568.5 billion yen; car sales in North America were 2.713 million units and operating profit was 289.5 billion yen; car sales in Europe were 102.9 units and operating profit was 140.7 billion yen; car sales in Asia were 1.605 million units and operating profit was 386.8 billion yen. In addition to the above regions, sales in Central and South America, Oceania, Africa, the Middle East and other markets were 1.372 million units, and operating profit was 82.6 billion yen.

The Japanese automaker is bracing for a year of declining sales, which will struggle to recover from the pandemic as it suppresses consumer revenues. A drop in demand for new cars since March has slashed global sales for Japanese automakers, with Toyota's global sales falling 11 percent to 2.3169 million units in the quarter to March.

Plenty of cash should help Toyota through a tough year. Toyota is still seeking credit lines totaling 1 trillion yen (65.8 billion people) from Sumitomo Mitsui Bank and Mitsubishi UFJ Bank in the face of the impact of the current New Crown Pneumonia epidemic on global economic markets.

However, China has become Toyota's first market to recover against the backdrop of a number of overseas markets at risk of epidemics. Sales rose 0.2 percent to 142,900 units in April, according to Toyota China data, the first increase in three months.

Toyota fell 1.2% in the first month of 2020, sales plummeted 70.2% in February due to the epidemic, and the growth rate of the auto market gradually recovered in March fell 15.9%. Entering April, domestic automobile production and sales returned to normal, after the backlog of consumer demand for car purchases was released, Toyota has achieved a slight increase in the month.

Given the impact of the current epidemic on global markets, Toyota forecasts sales of 2.4 trillion yen (1581.7 billion yuan) and operating profit of 500 billion yen (33 billion yuan) in fiscal year 2020 (April 2020 - 2021), the lowest level in nine years.

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