TOYOTA MOTOR Reports Q3 FY2023 Earnings Results on February 9, 2023.
February 17, 2023
Earnings report
On February 9, 2023, TOYOTA MOTOR ($TSE:7203) reported their earnings results for the third quarter of fiscal year 2023 ending December 31, 2022. Total revenue for the quarter was JPY 727.9 billion, an 8.1% decrease compared to the same quarter one year prior.
However, despite the decline in revenue, the company reported net income of JPY 9754.7 billion, which was up 25.3% year over year. This impressive result is largely due to the company’s focus on cost control and efficiency. They have been able to remain profitable while still investing in new technologies and expanding their global sales network.
Additionally, TOYOTA MOTOR has been implementing a series of strategic initiatives to improve operational efficiency and maximize profitability. Overall, the results for this quarter were positive for TOYOTA MOTOR and demonstrate their ability to remain successful despite challenging market conditions. Going forward, the company will continue to focus on cost control and enhancing efficiency in order to maintain its position as a leader in the automotive sector.
Share Price
The stock opened at JP¥1900.0 and closed at JP¥1901.0, marking a 0.2% increase from its previous closing price of JP¥1897.5. The company highlighted a positive performance in the quarter, citing increases in both sales and net income. Its operations have been largely unaffected the global pandemic, with profits increasing across its major automotive production lines. While the stock saw a modest increase, market analysts remain optimistic about the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toyota Motor. More…
| Total Revenues | Net Income | Net Margin |
| 35.58M | 2.43M | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toyota Motor. More…
| Operations | Investing | Financing |
| 2.91M | -2.27M | -711.48k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toyota Motor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 71.58M | 43.13M | 2.02k |
Key Ratios Snapshot
Some of the financial key ratios for Toyota Motor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | -0.3% | 10.1% |
| FCF Margin | ROE | ROA |
| -2.1% | 8.1% | 3.1% |
Analysis
At GoodWhale, we conducted an in-depth analysis of TOYOTA MOTOR‘s wellbeing. Our results revealed that TOYOTA MOTOR is a low risk investment when considering both financial and business aspects. The Risk Rating we obtained was encouraging as it provided us with a strong signal that this company holds immense potential and is a good choice to invest in. However, our analysis did not come without its risks. During the evaluation process, we identified 3 risk warnings in the income sheet, balance sheet, and cashflow statement that may require further inspection. If you’re interested in learning more about those risk warnings, please register with us to learn more. More…
Peers
Toyota Motor Corp is one of the world’s leading automobile manufacturers. It competes in the automotive industry with other major players such as Geely Automobile Holdings Ltd, Honda Motor Co Ltd, and Stellantis NV. All of these companies strive to provide consumers with reliable and innovative vehicles that meet their needs.
– Geely Automobile Holdings Ltd ($SEHK:00175)
Geely Automobile Holdings Ltd is a leading automotive manufacturer and one of the most recognizable names in the auto industry. The company has a market cap of 121.89 billion, making it one of the largest automotive companies in the world. Geely’s Return on Equity (ROE) of 3.03% reflects its strong performance and ability to generate profits for shareholders. The company has a diverse portfolio, producing a range of vehicles including passenger cars, commercial vehicles, and electric vehicles. Geely has a presence in several countries around the world and is committed to providing quality products and services to customers.
– Honda Motor Co Ltd ($TSE:7267)
Honda Motor Co Ltd is a Japanese multinational corporation that specializes in the production of automobiles, motorcycles, and power equipment. Founded in 1948, the company is one of the largest automobile manufacturers in the world. As of 2023, Honda has a market capitalization of 5.19 trillion dollars and a Return on Equity of 5.87%. The company’s strong market position and financial performance suggest that Honda is well-positioned for continued growth and success in the years to come.
– Stellantis NV ($NYSE:STLA)
Stellantis NV is a multinational automotive company based in Europe. It is one of the largest automakers in the world, producing cars and light commercial vehicles under a variety of different brands. As of 2023, Stellantis NV has a market cap of 49.55 billion, making it one of the largest automotive companies in the world. In addition to its impressive market cap, Stellantis NV also boasts a Return on Equity (ROE) of 18.38%, which is significantly higher than its peers in the industry. This indicates that the company has been successful in creating value for shareholders through its operations.
Summary
Net income, however, increased 25.3%. This financial performance could be considered a positive indicator for potential investors, as it indicates that the company is still profitable despite decreased sales. Going forward, investors should keep a close eye on Toyota Motor‘s financials to gauge their performance and any further potential upside that could come from investing in the company.
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