Interim balance sheet: Toyota's stock soars after profit forecast
The world's largest automaker is countering falling profit margins with a radical reorganization, a robotics offensive, and cost-cutting. Chancellor Merz is also relevant in this context.
Toyota's shares surged 16.7 percent after the company released its half-year financial report. The company raised its operating profit forecast by 14.7 percent to 3.9 trillion yen for the fiscal year ending March 2027. The upgrade was announced despite challenges such as US tariffs, competition from China, and the Iran war. Toyota's new CFO, Kenta Kon, has been working to reverse the company's declining profitability since taking over in April. The company also announced plans for an organisational reform and expansion into robotics.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
