Toyota Lifts Profit Outlook as Apr–Dec Net Falls Despite Record Sales

Overview

• Net profit for April–December 2025 fell 26.1% year over year to ¥3.0308 trillion, marking the first decline for that nine-month period in three years.
• Consolidated sales for the same period rose 6.8% to a record ¥38.0876 trillion.
• Toyota raised its full‑year net profit forecast for FY ending March 2026 to ¥3.57 trillion from ¥2.93 trillion, which still implies about a 25.1% decline from the prior year.
• The company now assumes ¥150 per US$—four yen weaker than before—estimating foreign exchange to boost operating profit by ¥310 billion, with cost improvements adding another ¥90 billion.
• Toyota also lifted its full‑year sales forecast to a record ¥50 trillion from ¥49 trillion, citing strong hybrid demand in North America despite pressure from US tariff policy.