Toyota hikes profit forecasts on strong demand, weak yen
- On Thursday, Toyota raised its full-year net profit forecast to 3.57 trillion yen , driven by strong hybrid vehicle sales in the United States, despite anticipating a 7.2 percent year-on-year decline.
- Resilience in sales stemmed from hybrid vehicle demand and a weak yen that boosted competitiveness; Toyota also "mitigated the impact of rising materials prices" through optimized global supply chain management.
- Quarterly revenue jumped 8.6 percent to 13.4 trillion yen, though net profit slumped 18.5 percent to 759.4 billion yen as Toyota acknowledged a "challenging competitive environment" in China where unit sales plunged 25 percent.
- Toyota's share price soared more than 15 percent following the announcement; Japanese automakers face significant headwinds from United States tariffs, the Middle East war, and competition from Chinese rivals like BYD in Japan.
- For the full fiscal year, Toyota expects revenue to grow 5.6 percent to 53.5 trillion yen by March 31, 2027, with Chief Financial Officer Yoichi Miyazaki stating the company is leveraging local joint ventures to stabilize market share in China.
17 Articles
17 Articles
dagelijksestandaard.nl
welingelichtekringen.nlTOKYO (AFN/BLOOMBERG) - Japanese auto company Toyota has raised its profit forecast for the current financial year, despite fierce competition from Chinese rivals. The car manufacturer is mainly benefiting from strong demand for its hybrids, a technology that Toyota has been at the forefront of for years...
Tokyo, Nov 5 (EFE).- The Japanese manufacturer of Toyota vehicles recorded a net profit of 2.24 billion yen (about 12.5 billion euros or 14 billion dollars) in the first semester of its fiscal year, from April to September, a 26% more year-on-year. The operating profit of the automotive giant increased by 9.2 [...] Toyota’s net profit income rose by 26% in April-September to 12.5 billion euros was first published in HolaNews.
Toyota hikes profit forecasts on strong demand, weak yen
For the current year to March 31, 2027, the firm said it expected net profit of 3.57 trillion yen ($22.6 billion), up from its previous projection in August of 3.25 trillion yen. However, the forecast still foresees a year-on-year decline in profit of 7.2 percent. Sales remained "resilient", driven by hybrid vehicles, particularly in the United States, the company said, as well as the weakening of the yen which this summer fell to its lowest lev…
(Seoul = Yonhap News) Reporter Choi Yi-rak = Japan's Toyota Motor Corporation, buoyed by strong hybrid vehicle (HV) sales in the North American market and the weak yen, [plans] for the 2026 fiscal year...
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
