Report
David Whiston
EUR 100.00 For Business Accounts Only

Toyota Finishes Fiscal 2019 in Excellent Financial Strength

Toyota's full-year fiscal 2019 results gave us no reason to change our fair value estimate. We calculate fiscal fourth-quarter nonfinancial services operating income fell 15.9% year over year on gross profit compression, likely due to commodity and currency issues. Full-year operating income excluding the finance arm rose 1.3% while total company operating income grew 2.8% to JPY 2.47 trillion and operating margin was flat at 8.2%. The full-year yen to U.S. dollar exchange rate remained at JPY 1...
Underlying
Toyota Motor Corp.

Toyota Motor is an automobile manufacturer. Co. is primarily engaged in the design, manufacture, and sale of sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories throughout the world. Co. provides financing, vehicle and equipment leasing and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Co. Co.'s principal business segments are automotive operations, financial services operations and other operations. Co. sells its vehicles in approximately 190 countries and regions, and markets for its automobiles in Japan, North America, Europe and Asia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch