Wed, 05 Feb 2025 05:03:45 GMT
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | ReutersJapanese automaker Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, as it navigates competition in China and a market shift toward electric vehicles. Here are Toyota’s results compared with estimates from analysts, compiled by LSEG.Revenue: 12.39 trillion yen vs. 12.1 trillion yenOperating profit: 1.22 trillion yen vs. 1.39 trillion yenThe world’s largest automaker by sales volume saw a nearly 28% year-on-year drop in operating profit during the quarter ended December.The results mark Toyota’s second consecutive year over year decline in operating profit after the company saw profit fall 20% year over year in the previous quarter.Net income attributable to the company, however, jumped to 2.19 trillion yen from 1.36 trillion yen a year ago.The automaker’s consolidated vehicle sales for its financial third-quarter dropped to 2.44 million from 2.55 million units a year ago.Still, Toyota maintained its full-year dividend forecast at 90 yen, compared with a dividend payout of 75 yen a year earlier.Toyota shares rose over 1% in Tokyo on Wednesday morning.Toyota’s operating profit jump had jumped in the first quarter, year over year, amid a sales shift to relatively high-margin hybrids in the U.S. and the yen’s slide against the U.S. dollars. However, lower sales and output volumes have indicated a deceleration for the Japanese carmaker.Toyota has been slower than competitors at embracing fully battery-powered electric vehicles, and instead has focused on hybrids, according to local reports. The company plans to build a new factory to produce EVs in China, according to a Reuters report.
原文链接:https://www.cnbc.com/2025/02/05/toyota-motor-posts-nearly-28percent-drop-in-third-quarter-operating-profit-missing-estimates.html