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<Results> Toyota Motor Corporation (TM.US)(7203.JP) 4FQ Operating Profit Down 49% YoY to JPY569.4B, Misses Forecast
Toyota Motor Corporation (TM.US)(7203.JP) reported a 49% YoY decline in operating profit for the fourth fiscal quarter ended March to JPY569.4 billion, well below the market expect...
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<Results> Toyota Motor Corporation (TM.US)(7203.JP) 4FQ Operating Profit Down 49% YoY to JPY569.4B, Misses Forecast
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Toyota Motor Corporation (TM.US)      (7203.JP) reported a 49% YoY decline in operating profit for the fourth fiscal quarter ended March to JPY569.4 billion, well below the market expectation of JPY813.28 billion. This also marked the fourth consecutive year of YoY decline, mainly due to the impact of US tariffs. Revenue rose 1.9% to JPY12.6 trillion, in line with expectations.

For the current fiscal year, Toyota Motor Corporation lowered its operating profit forecast by 20.3% to JPY3 trillion, while raising its revenue forecast by 0.6% to JPY51 trillion. The company stated that, due to higher human resources and future-oriented investments, coupled with the impact of US tariffs, the sales volume required to break even has recently increased significantly. The company has begun implementing various measures to enhance profitability, including improving fixed costs and launching different sales initiatives. (mn/w)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsInflation Rate YoY for Apr in the United States is 3.8%, higher than the previous value of 3.3%. The forecast was 3.7%.

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