2 publishers · first seen Thu, 05 Nov 2026 05:53 UTC · updated Thu, 05 Nov 2026 10:57 UTC
Toyota reported its first profit gain in six quarters, with operating profit for the July-September quarter climbing 34 percent year over year to 1.13 trillion yen, beating analyst expectations. The company raised its full-year operating profit forecast to 3.9 trillion yen, a 15 percent increase over its previous guidance. The boost in profit is attributed to a weaker yen and strong demand for hybrid vehicles in the United States, which helped offset declines in sales in China and the Middle East.
Despite a 19 percent drop in second-quarter net profit to 759.4 billion yen, Toyota's quarterly sales rose to 13.4 trillion yen, driven by higher sales in the U.S. and Japan. The company expects to sell 9.7 million vehicles globally for the full fiscal year, up from nearly 9.6 million sold the previous year. Toyota's strategy of focusing on hybrid technology, rather than fully electric vehicles, has helped it maintain market share in the U.S. and other key markets.
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