Toyota Motor Corporation (TM) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Thank you very much for coming. We'd now like to start this 2024, the financial results debriefing meeting. And I'm Irie, and I'd like to serve as the emcee for today's session. I really appreciate you for coming. The first, I would like to introduce Masahiro Yamamoto, to the Chief Head of the Accounting Division to report on new financial results of the FY2024 second quarter. We would like to express our heartfelt appreciation to our customers around the world who chose us, as well as our shareholders, dealers, and suppliers who support us. Thank you. First, let me provide a summary of the second quarter of the fiscal year ending March 2024. Operating income was 2,359.2 billion yen. We are grateful for the support of many stakeholders, including suppliers from production to logistics, sales, and services. In addition, our operating income increased compared to the same period of the previous fiscal year as a result of selling each car with care and at prices that match the product appeal we have refined on making ever better cars. As for the full year forecast, we have revised the forecast upward from the previous forecast to 4 trillion 500 billion yen In light of the impact of the exchange rate fluctuation as well as the efforts to improve profitability, the internal dividend will be 30 yen per share, a year-on-year increase of 5 yen, and we plan to proceed with 100 billion yen as the maximum as for the share we purchase. We intend to continuously evolve our cycle of growth together with stakeholders aiming to realize the mobility of society through the business foundation we have built up and through frontline efforts that maximize the effectiveness of such First, let me explain our financial results for the first half ended S...