Toyota Posts 4.8% January Sales Growth and Plans $19B Share Sale
Toyota reported a 4.8% year-on-year increase in January global vehicle sales to 887,266 units, driven by a 6.1% rise overseas to 699,512 units. The automaker also plans a strategic share sale targeting at least $19 billion this year to fund governance reforms.
1. January Global Sales Performance
Toyota’s group sales climbed by 4.8% to 887,266 units in January, led by a 6.1% rise in overseas deliveries to 699,512 units despite a 2.7% decline in domestic Toyota and Lexus sales. North America deliveries rose 7.5% to 205,582 units, Asia excluding Japan grew 8.3% to 268,164 units and Europe improved over 11% to 104,727 units.
2. Electrified Vehicle Growth
Sales of electrified Toyota and Lexus models jumped 8.3% to 414,386 units, accounting for over half of total volumes, with battery electric vehicle deliveries soaring 87% to 22,306 units and hybrid electric vehicle sales up 6% to 365,499 units.
3. Proposed $19B Share Sale
Toyota aims to raise at least $19 billion through a share sale as early as this year to advance governance reforms and address investor demands, with the final figure potentially rising based on shareholder participation and market conditions.
4. Subsidiary Sales Overview
Daihatsu’s sales increased 8.1% to 56,588 units, driven by a 10% gain in Japan, while Hino Motors’ global sales fell 7.6% to 8,101 units amid a 16% domestic drop and a 3.6% decline overseas.