Toyota Reports 43% Plunge in Q3 Net Profit to ¥622.6B
TMTM•
Toyota’s net profit plunged 43% year-on-year to ¥622.6 billion in the fiscal third quarter ended December. The decline reflected a 5% drop in global vehicle shipments to 2.15 million units and significant yen‐appreciation headwinds.
1. Net Profit Collapse
Toyota posted net income of ¥622.6 billion for the fiscal third quarter ended December, down 43% from a year earlier, marking its sharpest quarterly drop in over a decade.
2. Sales Volume Decline
Global vehicle shipments fell 5% year-on-year to 2.15 million units, weighed down by cooling demand for key models and slower growth in North America.
3. Currency and Cost Pressures
The yen’s appreciation against major currencies eroded overseas profit contributions, while raw material and logistics costs rose, squeezing operating margins further.
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Sources
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