Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025
Raquel Cunha | Reuters
Japanese automaker Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, as it navigates competition in China and a market shift toward electric vehicles.
Here are Toyota’s results compared with estimates from analysts, compiled by LSEG.
- Revenue: 12.39 trillion yen vs. 12.1 trillion yen
- Operating profit: 1.22 trillion yen vs. 1.39 trillion yen
The world’s largest automaker by sales volume saw a nearly 28% year-on-year drop in operating profit during the quarter.
The results mark Toyota’s second consecutive year over year decline in operating profit after the company saw profit fall 20% year over year in the previous quarter.
Net income attributable to the company, however, jumped to 2.19 trillion yen from 1.36 trillion yen a year ago.
The automaker’s consolidated vehicle sales for its financial third-quarter dropped to 2.44 million from 2.55 million units a year ago.
