Toyota reports FY ending March 2025 with 9.36 million vehicles sold, 6.5 percent revenue growth, but lower profits. FY2026 forecasts project modest gains and cautious outlook.

TMC Reports Financial Results for Fiscal Year Ending March 2025

Toyota reports FY ending March 2025 with 9.36 million vehicles sold, 6.5 percent revenue growth, but lower profits. FY2026 forecasts project modest gains and cautious outlook.

Toyota Motor Corporation (TMC) has reported its latest financial and vehicle sales performance, highlighting a mixed year marked by modest gains in revenue but declines in profit and global unit sales.

For the reporting period, consolidated vehicle sales reached approximately 9.36 million units, down about 81,000 units from the previous fiscal year.

Despite the slight dip in vehicle sales, net revenues rose 6.5% to 48.036 trillion yen ($314.0 billion). However, operating income dropped from 5.352 trillion yen ($36.9 billion) to 4.795 trillion yen ($31.3 billion).

Net income also declined from 4.944 trillion yen ($34.1 billion) to 4.765 trillion yen ($31.1 billion), while income before income taxes reached 6.414 trillion yen ($41.9 billion).

Regional Breakdown

North America: Sales fell to 2.703 million units, down by 113,000 units. Operating income (excluding interest rate swap impacts) plunged by 420.5 billion yen ($2.7 billion) to 104.3 billion yen ($0.7 billion).
Japan: Sales remained stable at 1.991 million units. Operating income dropped by 327.5 billion yen ($2.1 billion) to 3.159 trillion yen ($20.6 billion).
Europe: Sales dipped slightly to 1.172 million units, a decrease of 20,000 units. However, operating income improved by 9.2 billion yen ($60 million) to 417.1 billion yen ($2.7 billion).
Asia: Sales increased by 34,000 units to 1.838 million units, with a 21.2 billion yen ($0.1 billion) rise in operating income, totaling 893.9 billion yen ($5.8 billion).
Other Regions (Central/South America, Oceania, Africa, Middle East): Sales rose by 21,000 units to 1.659 million units. Operating income climbed by 46.1 billion yen ($0.3 billion) to 240.5 billion yen ($1.6 billion).

Financial Services Performance

Toyota’s financial services division saw a 60.1 billion yen ($0.3 billion) increase in operating income, totaling 673.7 billion yen ($4.4 billion). Including valuation impacts, that figure jumped to 683.5 billion yen ($4.5 billion), up 113.5 billion yen ($0.7 billion) year-over-year.