Toyota Proposes $2bn San Antonio Expansion, Reports JPY3.766tr FY2026 Income
TM•Toyota filed for approval on Project Orca, a $2bn San Antonio plant expansion with $1.05bn for buildings and $950m for machinery, aiming to add 2,000 jobs by 2030. Toyota reported fiscal 2026 operating income of JPY3.766tr, down JPY1.029tr as vehicle sales and price adjustments offset U.S. tariff headwinds.
1. Project Orca Expansion Details
Toyota has filed for approval to add a new assembly line at its San Antonio complex under Project Orca, a $2bn investment that includes $1.05bn for building improvements and $950m for machinery and equipment. The expansion would become the company’s sixth U.S. assembly plant, create 2,000 jobs and target production start in 2030.
2. Fiscal 2026 Earnings Performance
For the fiscal year ended March 2026, Toyota recorded operating income of JPY3.766 trillion, down JPY1.029 trillion from the prior period. The decline reflected U.S. tariff headwinds that were partially offset by higher vehicle sales and strategic price adjustments.
