Company Overview of Toyota Motor Philippines Corporation
Toyota Motor Philippines Corporation operates as an automotive manufacturing company in the Philippines. It offers sedans and hatchback cars, crossovers and SUVs, MPVs, vans and pick-up vehicles, hybrid cars, and performance cars. The company also offers car parts, such as oil filters, air filters, spark plugs, fuel filters, brake pads, drive belts, clutches, shock absorbers, body parts, and mufflers; accessories for various types of cars; and oils and chemicals, which include diesel motor oils, fully- and semi-synthetic blends, manual transmission oils, differential gear oils, brake fluids, long life coolants, and windshield washer fluids. In addition, it provides maintenance, repair, and a...
Toyota Special Economic Zone
Santa Rosa-Tagaytay Highway
Santa Rosa City, 4026
Founded in 1988
Key Executives for Toyota Motor Philippines Corporation
Chief Executive Officer and President
Executive Vice President of TMAP - Japan and General Manager of TMAP - Japan
Compensation as of Fiscal Year 2017.
Toyota Motor Philippines Corporation Key Developments
TOYOTA MOTOR Philippines Announces Sales Results for the Month and First Half June 2017; Provides Sales Guidance for 2017
Aug 14 17
TOYOTA MOTOR Philippines announced sales results for the month and first half June 2017. For the first half, the company sold 84,616 units. Year to date, the company has sold 103,000 vehicles. First-semester revenues grew 15% to PHP 82.1 billion from PHP 71.3 billion. Toyota sold 85,728 vehicles during the period, up 18%, on the strength of the Vios, Fortuner, Innova and Avanza models.
For the month, the company reported sales of 16,497 units against 15,791 units in May.
For 2017, the company plans to sales about 175,000 units.
Toyota Motor Philippines Corporation Reports Earnings Results for the First Half Ended June 30, 2017
Aug 10 17
Toyota Motor Philippines Corporation (TMP) reported earnings results for the first half ended June 30, 2017. For the period, the company reported consolidated net income of PHP 6.4 billion. Retail sales of 85,728 vehicles, realizing an 18% year-on-year improvement. The company’s consolidated sales registered a 15.1% growth from PHP 71,266.1 million in the first half of 2016 to PHP 82,057.9 million in the first half of 2017 as wholesale volume grew by 13.6% from 74,461 units to 84,616 units. TMP retail sales volume, likewise, grew by 18.0% from 72,642 units to 85,728 units. The improvement was attributed to the continued strong sales for the Vios, Fortuner, Innova and Avanza models. Net income attributable to parent was PHP 6,332.2 million against PHP 6,816.0 million for the same period a year ago. Operating profit was PHP 7,794.3 million against PHP 8.909.5 million for the same period a year ago. Higher cost of sales due to unfavorable foreign exchange, increased sales of low margin models and increase in operating and overhead expenses resulted in a decline in gross profit, operating profit, net income margins, from 15.7%, 12.5% and 9.7% to 12.6%, 9.5% and 7.8%, respectively. As a result, consolidated net income attributable to equity holders declined by 7.1% mainly due to the aforementioned decreasing factors.
Toyota Motor Philippines Announces Sales Results for the First Quarter of 2017
May 16 17
Toyota Motor Philippines announced sales results for the first quarter of 2017. The company reported consolidated revenues from company rose 32% to PHP 37.1 billion in the first quarter of 2017, from PHP 28.1 billion during the same period in 2016. It posted retail sales of 40,689 vehicles during the first quarter of 2017, achieving a 33% year-on-year improvement.
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