Toyota lifts full-year profit outlook on hybrid demand and weak yen
Toyota reported a 34% jump in third‑quarter operating profit to 1.13 trillion yen and used the result to raise its FY2027 operating profit target to 3.9 trillion yen and net profit target to 3.57 trillion yen. The company also trimmed its revenue outlook to 53.5 trillion yen and increased its share‑repurchase programme to 1.3 trillion yen. The upgrade was driven by strong hybrid vehicle sales and a weaker yen, while Q2 net profit fell to 759.4 billion yen.
Why it matters
The higher profit guidance points to earnings per share above prior expectations, which helped fuel a roughly 15% share‑price rally. The expanded buyback authorisation adds a potential cash return channel for shareholders.
Key facts
- 1Third‑quarter operating profit rose 34% year‑over‑year to 1.13 trillion yen. motor1.com
- 2Full‑year operating profit forecast was raised to 3.9 trillion yen. motor1.com
- 3Full‑year net profit forecast was raised to 3.57 trillion yen. investing.com
- 4Revenue outlook for FY2027 was trimmed to 53.5 trillion yen. investing.com
- 5Share‑repurchase authorisation was increased to 1.3 trillion yen. investing.com
- 6Q2 net profit was 759.4 billion yen. investing.com
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.