Toyota Motor has posted an 8.1% year-over-year rise in Q2 revenue to ¥12.38 trillion ($80.5 billion) and a 62% surge in net income to ¥932 billion ($5.9 billion). The company’s gross profit margin stands at 17.9% and its net margin at 9.4%, both besting global peers except luxury specialist Ferrari. North American sales jumped nearly 15% despite a slight 3% gain in its largest U.S. market. Toyota’s forward P/E ratio is 14.1 versus the auto sector’s 19.8 median, suggesting undervaluation; the stock has risen 31% over the past 12 months compared to the S&P 500’s 16.9% gain. Investors note Toyota’s strategy of channeling R&D into high-performance models—such as the new GR GT supercar with its 4.0-liter twin-turbo V8 and over 600 hp—has reinvigorated the brand without sacrificing its reputation for reliability.

Three Toyota affiliates have agreed to pay approximately $436 million to resolve a proposed U.S. class action accusing them of emissions testing violations on nine forklift-truck engines. The settlement covers vehicle owners and lessees nationwide and requires Toyota to implement a compliance program, including regular third-party audits of its emissions controls. This resolution follows federal allegations that certain diesel-powered forklifts failed to meet U.S. Environmental Protection Agency standards and is expected to remove a major legal overhang from Toyota’s industrial equipment operations.