Toyota Earnings Preview: Q3 Net Profit Expected to Decline
Toyota Motor is scheduled to announce its third-quarter results on Friday. Here are the key points to watch:
Net Profit Forecast: According to a Quick survey of analysts, Toyota’s net profit for the three months ended December is expected to fall 58% to 917.08 billion yen (equivalent to $5.85 billion). This is lower than the net profit of 2.193 trillion yen recorded in the same period last year.
Revenue Forecast: According to the Quick survey, third-quarter revenue is expected to increase by 5.7% year-on-year to 13.092 trillion yen.
As of Wednesday, the stock has risen 11% so far this year and was up 6.7% in 2025.
Key Focus:
-- In November, Toyota stated that it expects US tariffs to reduce operating profit by 1.45 trillion yen for the fiscal year ending in March. Investors will be watching for any updates from management regarding US tariffs and the measures being taken to mitigate the impact.
-- For the current fiscal year, Toyota expects group vehicle sales to grow by 2.6% to 11.3 million units, revenue to increase by 2.0% to 49.0 trillion yen, and net profit to decline by 38.5% to 2.93 trillion yen. Investors will closely monitor any potential adjustments management may make to its annual forecasts.
-- Electrified vehicles, including hybrid vehicles, plug-in hybrid vehicles, and battery electric vehicles, accounted for 46.2% of Toyota and Lexus brand vehicle sales in the second quarter, up from 45.5% in the same period last year. The automaker sold about 54,000 battery electric vehicles, up from about 35,000 the previous year. Investors will pay attention to the growth rate of electric vehicle sales and any related initiatives.
Editor: Liu Mingliang
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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