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TOYOTA MOTOR, Net Income Forecast for the Fiscal Year Revised Upward by 22%

Fri Feb 6, 2026 2:00 pm JST Earnings

7203 TOYOTA MOTOR CORPORATION 【IFRS】

Earnings Report

TOYOTA MOTOR CORPORATION <7203> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 6th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 26.1% from the same period last year to 3.03 trillion yen.

However, the full-year forecast for consolidated net income has been revised upward 21.8%, from the previous forecast of 2.93 trillion yen to 3.57 trillion yen (compared to 4.76 trillion yen in the previous period), and the declining rate is expected to decrease from 38.5% to 25.1%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 55.3%, from the previous forecast of 1.15 trillion yen to 1.79 trillion yen (compared to 2.85 trillion yen in the same period of the previous year), and the declining rate is expected to decrease from 59.5% to 37.1%.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 1.25 trillion yen, a 42.7% decrease compared to the same period last year. The operating profit margin worsened from 9.8% in the same period last year to 8.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 34,022,720 4,240,238 5,357,065 3,947,242 291.9 76.9 Feb 6, 2024 IFRS
Apr - Dec, 2024 35,673,545 3,679,491 5,430,093 4,100,389 308.0 84.7 Feb 5, 2025 IFRS
Apr - Dec, 2025 38,087,604 3,196,722 4,188,484 3,030,891 232.6 83.4 Feb 6, 2026 IFRS
YoY +6.8% -13.1% -22.9% -26.1% -24.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 24,369,247 1,394,308 1,701,873 1,156,574 88.7 50 Nov 5, 2025 IFRS
Oct - Mar, 2025 New 25,369,247 1,794,308 2,541,873 1,796,574 137.8 50 Feb 6, 2026 IFRS
Revision Rate +4.1% +28.7% +49.4% +55.3% +55.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 49,000,000 3,400,000 4,180,000 2,930,000 224.8 95 Nov 5, 2025 IFRS
Mar, 2026 New 50,000,000 3,800,000 5,020,000 3,570,000 273.9 95 Feb 6, 2026 IFRS
Revision Rate +2.0% +11.8% +20.1% +21.8% +21.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 24,754,254 2,331,369 3,682,521 2,857,973 215.7 50 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 25,369,247 1,794,308 2,541,873 1,796,574 137.8 50 Feb 6, 2026 IFRS
YoY +2.5% -23.0% -31.0% -37.1% -36.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 45,095,325 5,352,934 6,965,085 4,944,933 365.9 75 May 8, 2024 IFRS
Mar, 2025 48,036,704 4,795,586 6,414,590 4,765,086 359.6 90 May 8, 2025 IFRS
Mar, 2026 Guidance 50,000,000 3,800,000 5,020,000 3,570,000 273.9 95 Feb 6, 2026 IFRS
YoY +4.1% -20.8% -21.7% -25.1% -23.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 12,391,095 1,215,274 2,698,024 2,193,276 164.7 9.8 Feb 5, 2025 IFRS
Jan - Mar, 2025 12,363,159 1,116,095 984,497 664,697 50.2 9.0 May 8, 2025 IFRS
Apr - Jun, 2025 12,253,326 1,166,141 1,252,152 841,345 64.6 9.5 Aug 7, 2025 IFRS
Jul - Sep, 2025 12,377,427 839,551 1,225,975 932,081 71.5 6.8 Nov 5, 2025 IFRS
Oct - Dec, 2025 13,456,851 1,191,030 1,710,357 1,257,465 96.5 8.9 Feb 6, 2026 IFRS
YoY +8.6% -2.0% -36.6% -42.7% -41.4%

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