US EditionToyota raises full-year operating profit outlook by 11.8%
Toyota raised its profit outlook by 11.8% to 3.8 trillion yen despite a 25% US tariff on exports and named Kenta Kon as new CEO to accelerate decision-making.
- On Friday, Toyota raised its operating profit outlook to 3.8 trillion yen from 3.4 trillion yen, supported by record three-quarter sales of 38.10 trillion yen.
- Updated exchange-rate assumptions — 150 yen to the dollar, 174 to the euro — helped lift estimates, while Toyota’s cost reductions and marketing efforts reduced profit declines despite higher U.S. tariffs.
- On April 1, Kenta Kon, current finance chief, will succeed Koji Sato as CEO; Toyota said `This change in roles is intended to accelerate management decision-making in response to changes in the internal and external environment`.
- On Friday, Toyota now expects net profit of 3.8 trillion yen, up from a forecast of 2.93 trillion yen, and projects sales of 50 trillion yen from 49 trillion yen.
- The United States is a key market where Toyota generates nearly a quarter of its sales and increased U.S. factory output approximately 10 percent last year, despite U.S. tariffs estimated to hit operating profit by 1.45 trillion yen.
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In addition to US tariffs, the company has faced difficulties in China in recent years, losing land for Chinese importers
The Toyota business is running well, but the pressure is rising for several reasons. The car maker reacts with a surprising step and replaces the leader. The new boss reports that he was also amazed by the offer.
Japanese automaker Toyota will appoint a new chief executive officer in April, replacing current CFO Kenta Kon. The appointment aims to "speed up business decision-making," Toyota said in a statement. The company also raised its revenue and profit forecasts for the current fiscal year.
The Japanese automotive giant Toyota announced on Friday a change of CEO while raising its net profit forecast for its 2025/26 fiscal year.
The current Chief Financial Officer will take the lead in the world automotive industry from 1 April. The group has justified this choice in response to "changes in the internal and external environment".
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