{"id":68762,"date":"2026-08-04T08:06:07","date_gmt":"2026-08-04T08:06:07","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/68762\/"},"modified":"2026-08-04T08:06:07","modified_gmt":"2026-08-04T08:06:07","slug":"japans-toyota-reports-hefty-profit-on-cheap-yen-car-sales","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/68762\/","title":{"rendered":"Japan’s Toyota reports hefty profit on cheap yen, car sales"},"content":{"rendered":"

TOKYO (AP) \u2014 Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favorable exchange rate<\/a> to boost results.<\/p>\n

The Japanese automaker, which makes the Prius hybrid and Lexus luxury models, recorded a 1.48 trillion yen ($9.4 billion) net profit in the April-June period, up from 841 billion yen the same quarter the previous year.<\/p>\n

Quarterly sales rose 10% year on year to 13.5 trillion yen ($85 billion).<\/p>\n

A cheap yen raises the value of overseas earnings for Japan\u2019s giant exporters like Toyota Motor Corp.<\/a> The U.S. dollar was trading at about 145 yen during the fiscal first quarter in 2025, but at about 160 yen for the same period this year. <\/p>\n

The dollar is now trading at about 158 yen because of a joint U.S.-Japan market intervention, which came last week, or in the fiscal second quarter.<\/p>\n

The favorable currency effect added 345 billion yen ($2.2 billion) to Toyota\u2019s quarterly operating profit in the April-June period.<\/p>\n

The automaker is figuring the yen at 160 to the dollar for the full fiscal year.<\/p>\n

Chief Officer Takanori Azuma said Toyota sold fewer vehicles globally for the quarter just ended at 2.39 million, compared with 2.41 million vehicles a year ago.<\/p>\n

But the automaker expects to sell more vehicles for the full fiscal year at 9.7 million vehicles, compared with 9.595 million the previous fiscal year. <\/p>\n

Azuma said demand remains strong for Toyota hybrids<\/a> in various global markets, including the U.S., where the Camry mid-size sedan and RAV4 compact sport utility vehicle are selling briskly.<\/p>\n

Toyota plans to boost hybrid and hybrid battery production through 2030, said Azuma, adding that it will bring down costs. Toyota\u2019s electric vehicle sales are also going strong, he said.<\/p>\n

Among the popular models in India were the Urban Cruiser and Innova Hycross, while the Yaris remained a strong seller in Thailand and Europe. <\/p>\n

The recent political instability in the Middle East has weighed on Japanese automakers<\/a>, which rely heavily on the now effectively closed Strait of Hormuz<\/a> for shipping. Toyota said it was working on tackling such challenges, including finding alternative routes.<\/p>\n

Another potential negative impact was the 7.1 magnitude earthquake in Kumamoto<\/a> in southwestern Japan, which hit July 28. <\/p>\n

<\/p>\n

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Toyota has production facilities there, with production now halted at its Tahara plant for five days through Friday. That will be followed by a summer break, unrelated to the disaster, and production will be down through the end of the month.<\/p>\n

Toyota is projecting a 3.25 trillion yen ($20.6 billion) profit for the full fiscal year through March 2027, not as good as the 3.85 trillion yen ($24 billion) profit racked up the previous fiscal year.<\/p>\n

Annual sales are forecast at 54 trillion yen ($342 billion), better than the 50.7 trillion yen for the previous fiscal year that ended in March.<\/p>\n

Toyota shares fell nearly 2% in Tokyo trading after earnings results were announced.<\/p>\n

___<\/p>\n

Yuri Kageyama is on Threads: https:\/\/www.threads.net\/@yurikageyama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO (AP) \u2014 Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid…\n","protected":false},"author":2,"featured_media":68763,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[373,3863,217,10124,2175,15023,1186,290,8,30177,1416,2643,213,1249],"class_list":["post-68762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-asia-pacific","tag-auto-industry","tag-business","tag-earnings","tag-finance-business","tag-financial-performance","tag-general-news","tag-india","tag-japan","tag-south-asia","tag-toyota-motor-corp","tag-u-s-news","tag-world-news","tag-yuri-kageyama"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/68762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=68762"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/68762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/68763"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=68762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=68762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=68762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}