Toyota 2006 Annual Report Download - page 31

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29
10,000
15,000
20,000
1,000
5,000 500
1,500
2,000
’02 ’03 ’04 ’05 ’06
FY
Revenues and
Operating Income
(¥ Billion) (¥ Billion)
Revenues Operating income (Right scale)
00
600
400
200
800
1,000
150
100
50
200
250
’02 ’03 ’04 ’05 ’06
FY
Revenues and
Operating Income
(¥ Billion) (¥ Billion)
Revenues Operating income (Right scale)
00
600
300
–300 –10
0
900
1,200
20
10
0
30
40
’02 ’03 ’04 ’05 ’06
FY
Revenues and
Operating Income (Loss)
(¥ Billion) (¥ Billion)
Revenues
Operating income (loss)
(Right scale)
Automotive Operations
Revenues........................¥19,338.1 billion (+13.0%)
Operating income............¥1,694.0 billion (+16.6%)
In fiscal 2006, robust growth in vehicle production and sales worldwide pushed
consolidated revenues up 13.0%, to ¥19,338.1 billion. Operating income rose
16.6%, to ¥1,694.0 billion, because currency exchange rate fluctuations,
increases in vehicle production and sales, and cost reduction activities offset a
reduction in net gain on the transfer to the government of the substitutional
portion of certain employee pension funds and higher expenses resulting from
business expansion.
Financial Services Operations
Revenues.............................¥996.9 billion (+27.6%)
Operating income...............¥155.8 billion ( – 22.4%)
A 27.6% increase in consolidated revenues, to ¥996.9 billion, resulted from
higher financing volume accompanying brisk vehicle sales. Meanwhile, a 22.4%
decline in operating income, to ¥155.8 billion, was due to such factors as the
valuation losses on interest rate swaps stated at fair value and the gain in fiscal
2005 to record prior-year adjustments relating to accounting for loan origination
costs by a sales finance subsidiary in the United States.
Other Business Operations
Revenues..........................¥1,190.3 billion (+15.5%)
Operating income.................¥39.7 billion (+17.8%)
Revenues increased 15.5%, to ¥1,190.3 billion, while operating income was up
17.8%, to ¥39.7 billion, due to such factors as favorable production and sales in
the housing business.