kabutan

TOYOTA MOTOR, Net Income Forecast for the Fiscal Year Revised Upward by 10%

Wed Nov 5, 2025 2:25 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 November 5th (14:25). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 7.0% from the same period last year to 1.77 trillion yen.

However, the full-year forecast for consolidated net income has been revised upward 10.2%, from the previous forecast of 2.66 trillion yen to 2.93 trillion yen (compared to 4.76 trillion yen in the previous period), and the declining rate is expected to decrease from 44.2% to 38.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop 59.5% from the same period last year to 1.15 trillion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 62.4% from the same period last year, reaching 0.93 trillion yen. However, the operating profit margin significantly dropped from 10.1% in the same period last year to 6.8%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 21,981,617 2,559,294 3,521,525 2,589,428 191.3 50.6 Nov 1, 2023 IFRS
Apr - Sep, 2024 23,282,450 2,464,217 2,732,069 1,907,113 142.2 42.6 Nov 6, 2024 IFRS
Apr - Sep, 2025 24,630,753 2,005,692 2,478,127 1,773,426 136.1 59.3 Nov 5, 2025 IFRS
YoY +5.8% -18.6% -9.3% -7.0% -4.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 45 May 8, 2025 IFRS
Apr - Sep, 2025 Results 24,630,753 2,005,692 2,478,127 1,773,426 136.1 45 Nov 5, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 48,500,000 3,200,000 3,870,000 2,660,000 204.1 95 Aug 7, 2025 IFRS
Mar, 2026 New 49,000,000 3,400,000 4,180,000 2,930,000 224.8 95 Nov 5, 2025 IFRS
Revision Rate +1.0% +6.3% +8.0% +10.2% +10.2%

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 24,369,247 1,394,308 1,701,873 1,156,574 88.7 50 Nov 5, 2025 IFRS
YoY -1.6% -40.2% -53.8% -59.5% -58.8%

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 49,000,000 3,400,000 4,180,000 2,930,000 224.8 95 Nov 5, 2025 IFRS
YoY +2.0% -29.1% -34.8% -38.5% -37.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,444,571 1,155,755 859,811 573,766 42.8 10.1 Nov 6, 2024 IFRS
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
YoY +8.2% -27.4% +42.6% +62.4% +67.2%

Related Articles