Toyota raises FY 2026 net profit outlook to 3.57 tril. yen

Toyota Motor Corporation has increased its net profit forecast for the fiscal year ending next March to 3.57 trillion yen, the equivalent of $23 billion, according to the company's latest report. This adjustment comes after the automaker cut costs, leading to a more optimistic financial outlook.

Previously, Toyota had projected a net profit of 3.25 trillion yen in August. The revised figures also raise its operating profit for the current fiscal year to 3.9 trillion yen, an increase from the earlier estimate of 3.4 trillion yen. The company anticipates a 3.6 percent rise in operating profit compared to the previous fiscal year.

In terms of sales, Toyota has lowered its forecast to 53.5 trillion yen, down from the initial projection of 54 trillion yen for the fiscal year. For the July-September period, the company's net profit declined to 759.4 billion yen, a decrease from 932 billion yen in the same quarter last year. Operating profit for the same period rose to 1.13 trillion yen, up from 839.5 billion yen a year earlier.

Toyota's vehicle sales, encompassing those sold by its subsidiary Daihatsu Motor Co., decreased by 5.2 percent year-over-year, reaching 2.67 million units in the three months ending September. The quarter's figures do not include the sales of Hino Motors Ltd., which was incorporated into Toyota's results in the previous period as Hino is no longer a consolidated subsidiary following its integration with Mitsubishi Fuso Truck and Bus Corporation in April.