Toyota raises annual profit forecast despite lower net profit

11:34 - 6.02.2026


 

February 6, Fineko/abc.az. Toyota Motor Corp reported operating profit for the third fiscal quarter above expectations due to strong sales and a weak yen.

ABC.AZ informs that the figure was 1.191 trillion yens, exceeding analysts' forecasts, despite a slight decrease compared to last year.

Company's net profit decreased more than by 40% up to 1.257 trillion yens, while revenue grew almost by 8% up to 13.457 trillion yens.

The company raised its annual operating profit forecast up to 3.8 trillion yens and expects revenue growth to reach 50 trillion yens. At the same time, Toyota lowered its car sales forecast to 9.75 million vehicles due to production disruptions in Brazil and the pressure of U.S.’ import duties. Sales in China also remain under pressure amid diplomatic tensions between the two countries.