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2026-11-05 13:10:26
[Toyota Raises Profit Forecast for This Fiscal Year: Strong Hybrid Demand and Weak Yen Boost Shares by 13%] (1) Toyota Motor Corporation said it has raised its profit forecast for this fiscal year due to strong demand in the hybrid vehicle market and a weaker yen. (2) Toyota said on Thursday that it expects operating profit to reach 3.9 trillion yen (about US$24.7 billion) in the fiscal year ending March 2027, up from the previous forecast of 3.4 trillion yen. (3) As the world's largest automaker, Toyota has benefited greatly from strong demand for hybrid vehicles in markets such as the United States, which has helped it offset the impact of declining sales in the Chinese market. (4) Toyota's share price surged after the earnings report was released, with an intraday increase of up to 13%; before the earnings report was released, Toyota's share price had already risen by 8.5% on the day due to investors' optimistic expectations that Trump's tariff policy might be eased after the Democrats swept the midterm elections. (5) Since Trump raised tariffs to 15% last year, Japanese automakers have collectively lost billions of yen.
