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المشهد العربي
Toyota revises outlook amid 76% profit rise
Toyota achieved strong profits, increasing by 76% in the first quarter of its fiscal year 2027, supported by a rebound in hybrid vehicle sales and a decline in the value of the yen. This prompted the company to raise its annual outlook to revenues of 54 trillion yen and an operating profit of 3.40 trillion yen. The company also announced a plan to buy back shares worth up to one trillion yen and to cancel 200 million shares to enhance shareholder returns and improve capital management efficiency. The quarterly results showed a 10.4% increase in revenue and a net profit of 1.48 trillion yen, surpassing expectations, with earnings per share growing by 86.8%.
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