Toyota Industries Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Toyota Industries (TSE:6201) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥3.83t (up 13% from FY 2023).
• Net income: JP¥228.8b (up 19% from FY 2023).
• Profit margin: 6.0% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥737 (up from JP¥621 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Toyota Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan.

Performance of the Japanese Machinery industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Toyota Industries you should be aware of.

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