Toyota, the automotive manufacturer, had quarterly revenue of JPY8,112 billion in Q4 2022, a growth of 12.6% as compared to Q3 2022 revenue of JPY7,204 billion.
Toyota segregates its revenues into three main segments: Automotive, Financial Services, and all others. Toyota also segregates revenues based on geographic regions namely Japan, North America, Europe, Asia, and Other (Central and South America, Oceania, Africa, and the Middle East).
Toyota also manufactures forklift trucks and other industrial machines in addition to passenger cars and increased its income and profit through cost-cutting measures and marketing initiatives. Toyota primarily relies on the sale of automobiles, it earns 90% of its revenue, and the company's financial services division and other commercial operations account for a smaller portion of the total revenue.
Initially, Toyota manufactured compact cars but eventually branched out to make pickups, SUVs, trucks, sports cars, and other automobiles. The business grew through time to become among the biggest automakers in the world. The North American region is the largest source of revenue for Toyota.
Sales of Toyota vehicles are primarily concentrated in the Japan and North American region, along with sales in Europe and other regions of Asia. The Toyota Camry is Toyota's best-selling vehicle in the US. Toyota sold approximately 19,693 passenger vehicles across the world in July 2022, and Corolla is Toyota’s best-selling vehicle.
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