Weekly Recap: Q1 revenue rise, ¥1T buyback and Tacoma will move to U.S., $10B plan
Toyota Motor Corp. (Toyota ADR, TSE:7203) reported Q1 revenue of ¥13.53T (+10.4%) and GAAP net income of ¥1.477T, with operating profit slightly below forecast. The company raised FY operating guidance to ¥3.4T and announced a ¥1T buyback. It plans to shift Tacoma production to the U.S. by 2030, with up to $10B domestic investment, and recalled about 508,000 Camry units.
