Toyota Motor Corporation (NYSE:TM) Q2 2025 Earnings Conference Call November 6, 2024 12:00 AM ET
Company Participants
Masahiro Yamamoto - Chief Officer of Accounting Division Group
Yoichi Miyazaki - EVP and CFO
Hiroyuki Ueda - Chief Officer of Corporate Communications Group
Conference Call Participants
Hayakawa Shuntaro - NHK
Unidentified Company Representative
Ladies and gentlemen, thank you very much for joining us for the media briefing for the Fiscal Year ‘25 Q2 Financial Results. About the document to be presented today. Currently it is 13:55, five minutes to 2 o'clock. We have just disclosed the financial results documents, which will be projected on the screen today without any physical documents. However, the PPT or presentation materials are made available at IR page of TMC website for download. We will be starting shortly. Thank you for your patience.
Ladies and gentlemen, thank you very much for joining us today. Now, we would like to begin our press media briefing on Fiscal Year ‘25 Q2 Financial Results briefing. I am Eda [ph] from Corporate Communications. It is my pleasure to serve you as your MC today. First of all, I would like to invite General Manager Yamamoto of Finance Division for the outline of the financial results.
Masahiro Yamamoto
We would like to express our heartfelt appreciation to our customers around the world who chose us, as well as our shareholders, dealers, and suppliers who support us. We will now explain the summary of the financial results. Our operating income for the first half of this fiscal year was 2.4642 trillion yen.
Despite the impact of production halts and additional expenses, we managed to achieve operating income nearly on par with the same period of the previous fiscal year by strengthening our foundations and improving our business base through everyone's participation. We would like to express our appreciation to our stakeholders, including suppliers and dealers who support us.
The full year forecast is 4.300 trillion yen, which remains unchanged from the previous forecast. To strengthen the foundations of car manufacturing, we will increase our investment in human resources and growth areas to 830 billion yen for the full year. Additionally, we aim to maintain and enhance our earnings power through measures such as controlling incentives and increasing value chain earnings while restoring production volume in the second half of this fiscal year.
As for shareholder returns, to reward our long-term shareholders and with our policy to increase dividends in a stable and continuous manner, we will raise the interim dividend by 10 yen to 40 yen per share. The forecasted full-year dividend will be 90 yen per share, increased by 15 yen. First, let me explain our financial results for the first half ended September 2024.