10:40 - 5.11.2026

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November 5, Fineko/abcnews. Japanese automaker Toyota Motor announced a 15% increase in its full-year operating profit forecast to $24.7 billion for the fiscal year ending March 2027. For the September quarter, quarterly profit rose 34% to over $7 billion, exceeding market expectations.

Strong demand for hybrid vehicles in markets like the United States and a weaker yen helped offset sales declines in China. Following the earnings announcement, Toyota's shares surged by up to 15% on the Tokyo Stock Exchange. To reverse its trajectory in China, Toyota plans to establish a new plant in Shanghai to produce Lexus electric vehicles starting late 2027.