TOKYO: Toyota Motor Corporation recorded earnings of ¥192.51 per share ($3.16 per ADR) in second-quarter fiscal 2016 (ended Sep 30, 2015), compared with ¥170.54 per share ($3.28 per ADR) earned in second-quarter fiscal 2015 (ended Sep 30, 2014). Earnings per ADR surpassed the Zacks Consensus Estimate of $3.09. The Japanese automaker witnessed a 13.5% increase in consolidated net income to ¥611.7 billion ($5.01 billion) in the reported quarter.
Consolidated revenues increased 8.4% year over year to ¥7.1 trillion ($58.2 billion) in the second quarter of fiscal 2016. Revenues also outpaced the Zacks Consensus Estimate of $57.81 billion.
Unit sales went down 3.2% year over year to 2.16 million vehicles globally. Unit sales declined 0.1% to 684,251 vehicles in North America; 1.9% to 514,426 units in Japan; 2.8% to 200,978 vehicles in Europe; 12% to 324,964 units in Asia and 2.4% to 439,388 units in other regions (Central and South America, Oceania, Africa and the Middle East). Operating income increased 25.5% to ¥827.4 billion ($6.78 billion) in the quarter.
