April 21, 2018 10:20 PM ET

Consumer Finance

Company Overview of Toyota Financial Services Philippines Corporation

Company Overview

Toyota Financial Services Philippines Corporation operates as a sales finance company in Makati City, Philippines. The company provides financing and leasing services to Toyota customers; and inventory stock financing to Toyota dealers. Its portfolio includes finance lease plans, auto loans, and business vehicle financing; retail promissory notes; and The Toyota Certified Used Vehicle Program to guarantee that a used Toyota vehicle meets the standard Toyota Certified Pre-Owned Vehicle requirements specified by Toyota Motor Philippines. The company was founded in 2002 and is based in Makati City, the Philippines. Toyota Financial Services Philippines Corporation operates as a subsidiary of To...

32/F GT Tower International Building

Ayala Avenue

cor. HV dela Costa

St. Salcedo Village

Makati City,  1227

Philippines

Founded in 2002

Phone:

63 2 858 8500

Fax:

63 2 815 4150

Key Executives for Toyota Financial Services Philippines Corporation

Senior Vice President of Business Services Group
Assistant Vice President of Budget & MIS
Treasurer
Assistant Vice President of Legal
Compensation as of Fiscal Year 2017.

Toyota Financial Services Philippines Corporation Key Developments

Toyota Financial Services Philippines Corporation Reports Earnings Results for the Nine Months Ended September 30, 2017

Toyota Financial Services Philippines Corporation reported earnings results for the nine months ended September 30, 2017. The company reported a 35.8% growth in gross interest income from PHP 2,617.0 million in the first nine months of 2016 to PHP 3,554.3 million in the first nine months of 2017, as gross loans and receivables increased by 39.1% from PHP 39.5 billion to PHP 54.9 billion on a year-on-year basis. Net income, however, declined by 8.1% from PHP 423.5 million to PHP 389.3 million due to a 62.5% increase in operating expenses, mainly provisions from increased loan booking volume in 2017, reversals in 2016 arising from migration to new credit risk-based methodology, increase in manpower complement and across the board salary structural adjustments, and a 35.7% increase in interest expenses from new loan availments. Net interest income was PHP 2,084.9 million against PHP 1,534.0 million for the same period a year ago.

Toyota Financial Services Philippines Corporation Reports Earnings Results for the First Half Ended June 30, 2017

Toyota Financial Services Philippines Corporation reported earnings results for the first half ended June 30, 2017. For the period, net interest income was PHP 1,347.0 million against PHP 980.6 million for the same period a year ago. Net income was PHP 233.3 million against PHP 267.2 million for the same period a year ago. Net income, however, declined by 12.7% to a 68.0% increase in operating expenses, mainly provisions from increase booking volume in 2017, reversals in 2016 arising from migration to a new credit risk-based methodology, across the board structural salary adjustments, and a 31.8% increase in interest expenses from new loan availments.

Toyota Financial Services Philippines Corporation Reports Earnings Results for the First Half of Ended June 30, 2016

Toyota Financial Services Philippines Corporation reported earnings results for the first half of ended June 30, 2016. For the period, the company reported net interest income of PHP 980.6 million compared with PHP 852.4 million a year ago. Net income was PHP 267.2 million against PHP 302.3 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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