Toyota raises profit projection for the year as sales hold up – WTOP News
- 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.
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Toyota raises profit projection for the year as sales hold up – WTOP News
TOKYO (AP) — Japan’s top automaker Toyota reported its fiscal second quarter profit fell 19% from a year ago but raised its full year profit forecast Thursday. Toyota Motor Corp.’s July-September net profit fell to 759.4 billion yen ($4.8 billion) from 932 billion yen for the same period a year ago. Quarterly sales rose to...
The world's largest automaker opposes a radical reorganization, a robot offensive and saving. Chancellor Merz is also relevant.
Reformatorisch Dagblad
Japanese car group Toyota has raised its profit forecast for the current fiscal year, despite fierce competition from Chinese rivals. The automaker is benefiting primarily from strong demand for its hybrids, a technology in which Toyota has been a leader for years.
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