Japanese multinational automotive producer Toyota Motor Corp. announced a triple-digit growth in its net income for the first quarter of its financial year 2022.

  • Net income for the first quarter of the financial year 2022 grew 465.2% to 897.832 billion yen from the 158.843 billion yen the previous year. Diluted earnings per share soared to 321.11 yen from 56.87 yen.
  • Sales revenues gained 72.5% to 7.935 trillion yen from 4.600 billion yen, largely driven by the strong performance of its North America and China markets that hit pre-COVID-19 levels.
  • The company expects full-year sales revenues up 10.2% to 30 trillion yen,  net income up 2.4% to 2.3 trillion yen, and basic earnings per share at 164.62 yen.

Toyota in May approved a stock split with a record date of September 30, when each common stock held by shareholders will be split into five shares. TM is up 0.48%.