Toyota (TM) Reports 49% Drop in Q4 Operating Profit
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowToyota Motor (TM) reported a 49% decrease in fourth-quarter operating profit, totaling 569.4 billion yen, missing analysts' expectations of 813.28 billion yen. Revenue remained unchanged at 12.6 trillion yen, with a slight year-on-year rise of 1.89%. The company lowered its operating income forecast by over 20% to 3 trillion yen for the fiscal year ending March 2027. Additionally, consolidated vehicle sales fell to 2.29 million units from 2.36 million units a year earlier, reflecting ongoing pressures from U.S. tariffs and increased competition.
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