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Toyota Motor Corp (TYO:7203) posted strong earnings for the December quarter, driven by surging hybrid sales and a favorable currency environment. Net income soared to 2.193 trillion yen ($14.31 billion), up from 1.358 trillion yen a year earlier, on sales revenue of 12.391 trillion yen.
Despite the revenue boost, operating income fell short of expectations, reaching 1.215 trillion yen compared to Reuters’ estimate of 1.419 trillion yen. It also declined from the prior year. However, Toyota benefited from a weaker yen and a stronger dollar, helping offset pressures from softer margins.
The automaker raised its full-year forecast, now expecting 4.700 trillion yen in operating income, up from its prior 4.300 trillion yen projection. Annual net income is also set to rise significantly to 4.520 trillion yen, compared to the previous 3.570 trillion yen estimate.
Toyota maintained its position as the world’s best-selling carmaker in 2024, delivering 10.8 million vehicles, with hybrids accounting for nearly half of total sales. The sustained demand for its fuel-efficient models continues to drive growth.
The company remains confident in its ability to navigate potential trade challenges, particularly increased U.S. tariffs on Mexico, where it has key manufacturing operations. Toyota’s robust performance highlights its resilience and strategic positioning in the evolving global auto market.
