Japan’s Toyota Motor posted a 75.6% increase in net income to Y1.47tn ($9.32bn) for the first quarter of its 2027 financial year and raised its FY2027 guidance.
During the three months to 30 June 2026, consolidated sales revenue reached Y13.52tn, an increase of 10.4% compared with the same period a year earlier
The rise in net income came despite a fall in operating income which dropped 8.8% to Y1.06tn. The increase in net profit was driven mainly by below-operating-line gains, including the disposal of part of Toyota’s holding in Toyota Industries Corporation and the deconsolidation of Hino Motors, rather than by core operating earnings. Toyota attributed the quarterly movement in operating income to several offsetting factors: a Y70bn contribution from marketing activity and a Y345bn benefit from currency movements, set against reductions of Y85bn linked to cost-cutting measures, Y190bn from higher expenses net of expense-reduction efforts, and Y242.6bn attributed to other factors.
Basic earnings per share attributable to Toyota Motor stood at Y120.69, against Y64.56 in the equivalent quarter of the prior year. Total vehicle unit sales across Japan and overseas markets fell 0.7% to 2.39 million units for the quarter. Domestic sales increased 8.9% to 524,000 units, while sales outside Japan fell 3.1% to 1.87 million units.