IT Home reported on February 5 that according to Reuters, Toyota, the global automotive industry leader, announced today that it would raise its profit expectations for the fiscal year, an increase of 9%, showing confidence in dealing with the possible tariffs from the United States.
As the world’s number one automaker, Toyota will raise its annual operating profit forecast for March 2025 from the original 4.3 trillion yen to 4.7 trillion yen (IT Home Notes: Currently, it is about 221.093 billion yuan ), hitting a new high.
The company explained that upstreaming is expected to increase efficiency measures with multi -pronged approach: reducing promotional concessions, increasing product prices, and stable production systems. At the same time, weakening the yen exchange rate will also bring good benefits. This adjustment is particularly noteworthy becauseProfits have fallen for the second consecutive quarter in the third quarterAnd it is less than market expectations.
The financial report shows that the operating profit in the October-December quarter (third quarter) last year was 1.22 trillion yen (currently approximately RMB 57.39 billion),Sharply drop of 28% year-on-year14% lower than the average of 1.42 trillion yen forecast by analysts. Previously, Toyota’s profits continued to rise due to strong demand for hybrid models in major markets such as the United States and Europe.
In terms of regional performance, North America, which includes the largest single market, the United States, operating profit in the first three quarters of this fiscal yearPlunge by 63%The main reason is the double pressure of declining sales and rising labor costs. The Chinese market is also under pressure. Faced with fierce competition from local brands, Toyota has to increase its marketing investment to stabilize its share.
In order to cope with the electrification transformation, Toyota announced that it will set up a wholly-owned enterprise in Shanghai to specialize in the research and development and production of Lexus-branded electric vehicles and batteries. The factory is scheduled to be put into production in 2027, with an initial planned annual production capacity of about 100,000 units.
The latest data shows that Toyota’s global sales reached 10.8 million units in 2024, ranking first in the global sales for the fifth consecutive year. The capital market responded positively to this. Although the stock price fell for a while after the financial report was released, it quickly recovered its lost ground, and rose 4.7% to 3,008 yen as of 5:21 am London time.
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