The automobile builder Toyota has increased its result forecast for the current financial year (at the end of March). After a break -in in the third business quarter, this step signals confidence to tighten the shops in the final quarter. Nevertheless, Toyota continues from a decline in profits for 2024/25. The share in Tokyo increased by up to 4.3 percent.
Management now expects an operational result of 4.7 trillion yen (just under 30 billion euros) instead of 4.3 trillion yen for the financial year, as the company announced on Tuesday in Tokyo. Analysts already had an average of 4.8 trillion yen on the note. A robust demand for hybrid vehicles in the USA there is a weaker business in Japan and China opposite. The turnover should now increase to 47 trillion yen instead of 46 trillion. In the previous year, Toyota had achieved a good 45 trillion yen and an operational result of 5.35 trillion yen.
Operative profit drops by 28 percent in the third quarter
In the third business quarter until the end of December, operational profit dropped 28 percent to 1.2 trillion yen and was therefore below the expectations of the analysts. In contrast, sales increased from 12 to 12.4 trillion yen.
In addition, Toyota announced that they would found a daughter in Shanghai to Electric vehicles And to develop and produce batteries for the luxury brand Lexus. Production is scheduled to begin in 2027 and have an initial capacity of around 100,000 vehicles per year.
Toyota sold 10.8 million cars in the past calendar year and thus a little less than 11.2 million from the previous year. However, this was enough to present the position as the world’s largest car manufacturer Volkswagen to defend for the fifth time in a row.