OREANDA-NEWS. Toyota Industries Corporation announced its financial results for the first half and second quarter, ended September 30, 2014, of the current fiscal year ending March 31, 2015 (fiscal 2015).

During the second quarter of FY2015 (the six months from April 1 to September 30, 2014), total consolidated net sales of Toyota Industries amounted to 1,046.0 billion yen, an increase of 64.6 billion yen, or 7%, from the same period of the previous fiscal year. The following is a review of operations for the major business segments.

Net sales of the Automobile Segment totaled 519.2 billion yen, an increase of 12.1 billion yen, or 2%, from the same period of the previous fiscal year.

Within this segment, net sales of the Vehicle Business amounted to 238.7 billion yen, on par with the same period of the previous fiscal year. This is attributable primarily to increases in sales of the RAV4, although sales of the Vitz (Yaris overseas) decreased.

Net sales of the Engine Business totaled 93.8 billion yen, a decrease of 13.8 billion yen, or 13%. This is attributable primarily to decreases in sales of KD diesel engines and AR gasoline engines.

Net sales of the Car Air-Conditioning Compressor Business totaled 152.6 billion yen, an increase of 19.7 billion yen, or 15%, resulting from an increase in sales in North American and Chinese markets.

Net sales of the Electronics Parts, Foundry, and Others Business totaled 33.9 billion yen, an increase of 5.6 billion yen, or 20%.

Net sales of the Materials Handling Equipment Segment totaled 433.7 billion yen, an increase of 49.9 billion yen, or 13%. This is due primarily to an increase in sales in the domestic, North American and European markets.

Net sales of the Logistics Segment amounted to 48.0 billion yen, an increase of 0.6 billion yen, or 1%.

This is attributable to an increase in sales of commissioned logistics business and the cargo transport business of automotive-related parts.

Net sales of the Textile Machinery Segment totaled 32.6 billion yen, an increase of 1.1 billion yen, or 4%. Sales of instruments for textile quality measurement increased while those of weaving machinery recorded a decrease.

In terms of overall profit, despite an increase in labor costs, depreciation costs and raw material costs, Toyota Industries recorded an increase in sales while promoting cost reduction efforts throughout the Toyota Industries Group and exchange rate fluctuations. As a result, Toyota Industries posted consolidated operating income of 56.7 billion yen, an increase of 4.9 billion yen, or 10%, from the same period of the previous fiscal year and ordinary income of 87.0 billion yen, an increase of 22.2 billion yen, or 34%. Net income totaled 60.9 billion yen, an increase of 17.4 billion yen, or 40%, from the same period of the previous fiscal year.