Toyota now sees FY net income Y2.3T, revenue Y29.5T
For the fiscal year ending March 31, 2019, TMC has not revised its consolidated vehicle sales forecast from 8.90 million units, in consideration of the latest sales trends worldwide. TMC updated its consolidated financial forecasts for the fiscal year. Based on an exchange rate assumption of 110 yen to the U.S. dollar and 130 yen to the euro, TMC now forecasts consolidated net revenue of 29.5 trillion yen, operating income of 2.40 trillion yen, income before income taxes of 2.72 trillion yen, and net income of 2.30 trillion yen. TMC's Board of Directors resolved to pay 100 yen per share as the interim dividend on common shares, and have also resolved to buy back up to 250 billion yen, or 42 million shares, of the company's common stock.