The Japanese automaker Toyota Motor Corp. reported nearly a 1.8-fold increase in net profit and a 10.4% rise in revenue for the first quarter of the 2027 financial year. Both figures exceeded market expectations:
According to the company's press release, from April to June, Toyota's net profit reached 1.48 trillion yen ($9.42 billion), compared to 841.3 billion yen in the same period last year:
Revenue grew to 13.53 trillion yen from 12.25 trillion yen a year earlier:
Experts surveyed by Quick had forecast an average net profit of 978.5 billion yen and revenue of 13.09 trillion yen:
At the same time, the company's operating profit fell by 8.8% to 1.06 trillion yen. The average forecast by analysts surveyed by LSEG was 1.11 trillion yen:
In the last financial quarter, Toyota sold 2.395 million vehicles, which is a 0.7% decrease from the first quarter of the 2026 financial year:
Toyota has also improved its forecasts for the current financial year. The company now expects annual revenue to reach 54 trillion yen (previously 51 trillion yen), and net profit to be 3.25 trillion yen (previously 3 trillion yen):
The company also announced a share buyback program of up to 1 trillion yen:
Since the beginning of 2026, Toyota's market capitalization has decreased by 13% to 31.5 trillion yen:
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