Toyota (TM) reported fiscal first quarter results on Tuesday that topped estimates for revenue and net income, and the world's largest automaker raised its full-year profit forecast and announced a share buyback even as US tariffs and softer sales hit operating profit.
Toyota now sees full-year operating income at 3.4 trillion yen ($21.3 billion) for the financial year ending March 2027, up from a previous forecast of 3 trillion yen ($18.8 billion). This follows last quarter's 20% cut to its outlook. The boost also comes after US rivals GM (GM) and Ford (F) lifted their yearly guidance too.
"This revision reflects changes in the external environment, including foreign exchange ****** umptions, as well as the ****** ulative impact of our marketing efforts, such as establishing alternative logistics routes to the Middle East," Toyota said.
The forecast does not yet include any impact from the 2026 ****** amoto Earthquake, which Toyota said it is still ****** sing.
Toyota also announced a share repurchase authorization of up to 1 trillion yen ($6 billion).
#trillion #income #full #profit
Toyota now sees full-year operating income at 3.4 trillion yen ($21.3 billion) for the financial year ending March 2027, up from a previous forecast of 3 trillion yen ($18.8 billion). This follows last quarter's 20% cut to its outlook. The boost also comes after US rivals GM (GM) and Ford (F) lifted their yearly guidance too.
"This revision reflects changes in the external environment, including foreign exchange ****** umptions, as well as the ****** ulative impact of our marketing efforts, such as establishing alternative logistics routes to the Middle East," Toyota said.
The forecast does not yet include any impact from the 2026 ****** amoto Earthquake, which Toyota said it is still ****** sing.
Toyota also announced a share repurchase authorization of up to 1 trillion yen ($6 billion).
#trillion #income #full #profit
3 months ago
