Toyota reports booming sales but stays cautious on profit because of various costs
- Toyota, Japan's top automaker, reported record sales and a fiscal year profit through March 2025 despite challenges in Tokyo.
- This performance followed a wide-ranging certification scandal involving fraudulent vehicle testing and a U.S. Production shutdown due to quality issues.
- Toyota acknowledged using inadequate data in crash tests and incorrect airbag and engine power checks but confirmed vehicle safety was unaffected on roads.
- Toyota reported quarterly sales of 12.36 trillion yen and a net profit of 664.6 billion yen for the January-March period, marking a decline from the previous year’s net profit of 997.6 billion yen.
- Toyota forecasts slightly higher sales next fiscal year but holds a less optimistic profit outlook due to carbon neutrality costs and $1.3 billion tariffs.
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Toyota reports booming sales but stays cautious on profit because of various costs
Japan’s top automaker Toyota is reporting record sales for the fiscal year through March, but its profit for the latest quarter faltered partly because of a certification scandal.
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Read Full ArticleToyota Reports Booming Sales But Stays Cautious On Profit Because Of Various Costs - Canadian Manufacturing
Japan’s top automaker Toyota reported record sales for the fiscal year through March on May 8, but its profit for the latest quarter faltered partly because of a certification scandal. Toyota Motor Corp.’s January-March net profit totalled 664.6 billion yen ($4.6 billion), down from 997.6 billion yen in the same period a year ago. Quarterly sales totalled 12.36 trillion yen ($85.9 billion), up from 11 trillion yen. Toyota has been strengthening …
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