Overview
- Toyota reported stronger-than-expected first-quarter net profit and on Tuesday raised full-year revenue and profit guidance while authorizing up to ¥1 trillion in share repurchases.
- The company said currency effects boosted quarterly results by roughly ¥345 billion and one-off gains helped net income even as operating income fell for a fifth straight quarter.
- A magnitude-7.1 earthquake in Kumamoto has paused production at multiple Toyota and supplier plants and is still being assessed for its full impact on output and vehicle supply.
- Nissan posted its first quarterly net profit in two years and kept its profit outlook, but cut its global sales-volume target to 3.15 million vehicles because of continued weakness in China and regional logistics strains.
- Executives and analysts warn higher raw-material prices, longer shipping routes after Gulf disruptions, and U.S. tariffs will keep near-term cost and supply risks elevated for Japanese automakers and could pressure future operating results.