OREANDA-NEWS. August 02, 2011. During the first quarter of FY2012 (the three months from April 1 to June 30, 2011), total consolidated net sales of Toyota Industries amounted to 322.2 billion yen, a decrease of 36.9 billion yen, or 10%, from the same period of the previous fiscal year. The following is a review of operations for the major business segments, reported the press-centre of Toyota Industries.

Owing to the aftermath effects of the Great East Japan Earthquake, Toyota Industries was forced to suspend production partially, due to disruptions in parts supply. As a result, net sales of the Automobile Segment totaled 143.3 billion yen, a decrease of 58.4 billion yen, or 29%, from the same period of the previous fiscal year. Within this segment, net sales of the Vehicle Business amounted to 55.6 billion yen, a decrease of 39.0 billion yen, or 41%, due mainly to a decrease in sales of the Vitz (Yaris overseas) and RAV4.

Net sales of the Engine Business totaled 35.5 billion yen, a decrease of 12.3 billion yen, or 26%, attributable primarily to a decrease in sales of AD diesel engines and AR gasoline engines.

Net sales of the Car Air-Conditioning Compressor Business totaled 44.3 billion yen, a decrease of 4.7 billion yen, or 10%, resulting from declining sales in Japan, as opposed to solid sales in overseas.

Net sales of the Materials Handling Equipment Segment totaled 136.1 billion yen, an increase of 22.4 billion yen, or 20%. This is mainly owing to an upturn in sales of lift trucks, a mainstay product of this segment, in domestic and overseas markets, although the earthquake had an impact on domestic production.

Net sales of the Logistics Segment amounted to 23.8 billion yen, a decrease of 3.4 billion yen, or 12%. This is attributable to a decrease in sales of the cargo transport business of automotive related parts and an exclusion from consolidation owing to the sale of a subsidiary’s shares (Mail & e Business Logistics Service Co., Ltd.).

Net sales of the Textile Machinery Segment totaled 9.4 billion yen, an increase of 1.9 billion yen, or 26%, owing mainly to solid sales in emerging countries.

In terms of overall profit, Toyota Industries posted consolidated operating income of 6.5 billion yen, a decrease of 9.5 billion yen, or 59%, from the same period of the previous fiscal year; ordinary income of 16.9 billion, a year-on-year decrease of 2.3 billion yen, or 12%; and net income of 13.8 billion yen, an increase of 0.9 billion yen, or 7% from a year ago. These results were due mainly to a decrease in sales under the influence of the earthquake, an increase in labor costs and rises in raw material costs.

Full report see here:
http://www.toyota-industries.com/ir/library/briefnote/2012/1st_quarter/briefnote.pdf