2008年2月7日星期四

新兴市场带动丰田汽车利润增长7.5%

Toyota Oct-Dec Net Up 7.5% On Strong Emerging Mkt Sales

2008年02月06日10:56

在中国、俄罗斯等新兴市场强劲销售的推动下,丰田汽车公司(Toyota Motor Corp.)在10月至12月的财政季度中净利润增长了7.5%,但该公司预计美国经济放缓将使其关键的北美市场销售出现滑坡。

Toyota Motor Corp. (7203.TO) boosted net profit by 7.5% in October-December thanks to strong sales in China, Russia and other emerging markets, but saw sales in its key North American market drop amid growing fears of a U.S. slowdown.

丰田汽车在截至12月31日的财季中在北美市场共销售了75.6万辆汽车,较上年同期减少了1%。公司将全年北美销量预期下调了2万辆,至297万辆。混合动力车普锐斯(Prius)的销售依然强劲,但4Runner这样的较大SUV车型销量有所下降。

Toyota sold 756,000 vehicles in North America during the three months ended Dec. 31, 1% less than a year earlier. The company cut its full-year sales forecast for North America by 20,000 vehicles to 2.97 million. Sales of the hybrid Prius remain strong although the company's larger SUVs like the 4Runner are down.

眼下,在谁是全球汽车行业的老大这一问题上丰田汽车和通用汽车(General Motors Corp.)不分伯仲,而前者的业绩也表明日本汽车企业正日益受到美国市场萧条、油价节节走高以及对美国经济滑坡担忧情绪的打击。丰田上周表示美国市场1月份的销量较上年同期下降了2.3%,至171,849车。当月本田汽车(Honda Motor Co.)和日产汽车(Nissan Motor Co.)在美销量分别下滑了2.3%和7.3%。

The results for Toyota, which is tied with General Motors Corp. as the world's largest auto maker, come as Japanese car makers are increasingly hit by a slowdown in the U.S. market amid higher oil prices and rising concerns of a U.S. recession. Last week, Toyota said sales in the U.S. in January fell 2.3% to 171,849 compared to a year earlier. Honda Motor Co.'s U.S. sales fell 2.3% in January, while Nissan Motor Co.'s U.S. sales dropped 7.3%.

在新兴市场汽车销量快速增长的推动下,丰田和其他日本汽车企业一直都能抵挡美国市场走软的影响。以丰田为例,该公司积极开拓中国和俄罗斯等市场,降低了它对北美销售的依赖程度。在本财年的前三个季度里,北美占丰田汽车海外营运收益的比重从上年同期的57%降到了44%。

Toyota and other Japanese car makers have been able to offset softness in the U.S. market by posting strong results in the fast-growing emerging markets. Toyota's aggressive push into markets such as China and Russia, for example, lessened its dependence in North America. In the first three quarters of this fiscal year, North American sales accounted for 44% of Toyota's operating income outside Japan compared to 57% a year earlier.

不过北美市场仍是公司重要的利润来源,投资者对美国次债危机以及日圆走强致使海外收益缩水的影响也担忧不已。分析师指出,丰田、本田以及日产汽车的股价大幅走软,因为投资者在弄清经济不确定因素的影响之前,均采取了离场观望的姿态。

Still, North America remains a key source of the companies' profits, and investors remain concerned about the impact of the U.S. subprime crisis and the stronger yen, which diminishes the value of its overseas earnings. Share prices in Toyota, Honda and Nissan have fallen sharply this year as investors take a wait-and-see approach until they can understand the impact of the economic uncertainties, analysts say.

瑞银证券日本有限公司(UBS Securities Japan Ltd.)的高级分析师Tatsuo Yoshida表示,大家都不知道情况究竟如何,也没人能做出预言。他认为在这些不确定因素消失前,股票的表现都难有起色,向本田或丰田这样的蓝筹股也不能幸免。

'People don't know what's going on. Nobody has a crystal ball. Until that uncertainty is gone, I don't expect the stocks to perform well, even blue chip stocks like Honda or Toyota,' said Tatsuo Yoshida, a senior analyst for UBS Securities Japan Ltd.

不过丰田汽车的董事总经理铃木武(Takeshi Suzuki)仍对美国经济的长期前景表示乐观。

Nevertheless, Toyota Managing Director Takeshi Suzuki remained optimistic about the long-term prospects of the U.S. economy.

他指出,虽然发展中国家汽车销量的增长,但并不等同于美国市场的实力减弱了,丰田相信美国经济从长期看将会增长,这就是公司增加产能的原因所在。

'While there is an increase in sales in the developing countries, that doesn't mean the strength of the U.S. market has weakened,' he said. 'Over the long term we believe the American economy will grow. That is why we are expanding our capacity,' he added.

丰田在截至12月31日的财季中实现净利润4,586亿日圆,营运利润增长了4.7%,至6,015亿日圆。亚洲市场销量增长了3.7万辆,至24.1万辆;这得益于中国市场销量的强劲增长,以及泰国和印尼产能的扩大。

Toyota's net profit was Y458.6 billion for the quarter ended Dec. 31. Operating profit increased 4.7% to Y601.5 billion. Sales in Asia increased 37,000 vehicles to 241,000 units, lifted by strong sales in China and increased production capacity in Thailand and Indonesia.

丰田汽车在中、南美洲、非洲和大洋洲的销售也出现大幅增长,较上年增加了9.5万辆至43.5万辆。欧洲的销量微幅增加了2,000辆,至30.8万辆。丰田汽车在日本本土的新车销量持平,当季售出了54.1万辆。

Toyota also saw strong growth in Central and South America, Africa, and Oceania, where it sold 435,000 vehicles, up 95,000 from the previous year. In Europe, sales increased a modest 2,000 units to 308,000 vehicles. In Japan, new car sales remained flat with total sales of 541,000 vehicles for the quarter.

丰田汽车维持了本财年(截至3月31日)的盈利预期。公司表示,预计全年销售汽车893万辆,实现净收入25.5万亿日圆,营运利润和净利润将分别达到2.3万亿日圆和1.7万亿日圆。

Toyota kept its forecast for the full year ending March 31, 2008. It said it expects sales of 8.93 million vehicles, net revenues of Y25.5 trillion, operating income of Y2.3 trillion and net profit of Y1.7 trillion.

John Murphy

http://chinese.wsj.com/gb/20080206/ffe110302.asp

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