Folder photo: The Toyota logo is represented in Cuautitlan Izcalli, Mexico, January 30, 2025
Raquel Cunha | Reuters
Japanese car manufacturer Toyota Motor Wednesday reported A second consecutive decline in quarterly profit, while browsing competition in China and a market transition to electric vehicles.
Here are Toyota’s results in relation to analysts’ estimates, compiled by LSEG.
- Income: 12.39 yen billions against 12.1 Billions of yen
- Operating profit: 1,22 Billion of yen against 1.39 Billion de yen
The world The largest car manufacturer by sales volume has seen a Almost 28% of a drop in annual shift in operating profit during the quarter of December.
The results mark the second consecutive drop in Toyota from one year to the next in operating profit after the company has seen the profit of 20% from one year to the next previous quarter.
The net profit attributable to the company, however, jumped 2.19 Billions from Yen against 1.36 Billion of Yens a year ago.
Sales of consolidated vehicles from the automaker for its third financial quarter dropped 2.44 million units of 2.55 million units a year ago.
However, Toyota maintained his dividend forecasts in full year at 90 yen, compared to a 75 yen dividends payment a year earlier.
Toyota said that it will establish a company in exclusive property for the development and production of Lexus Bevs and batteries in Shanghai, China. The new company should start production in 2027.
Toyota’s shares increased by more than 1% in Tokyo on Wednesday.
Business saw its operating profit drop in the key region of North America by 113.7 billion yen in December quarter, from year to year, while it has decreased by more than 46 billion yen in Asia.
Toyota was slower than competitors to adopt electric vehicles entirely supplied by battery, and rather hybrid focusedAccording to local reports.
