Toyota Boosts Vehicle Sales to 7.3 Million, but Profit Falls 26% on Higher Costs and Currency Swings

Toyota Motor has reported its consolidated financial results under IFRS for the first nine months of fiscal year 2026, covering the period from April 1 to December 31, 2025. At first glance, the picture looks solid: the company increased global vehicle sales, and total revenue exceeded $247.6 billion.

However, profitability tells a more mixed story. Despite higher revenue, both operating profit and net profit declined compared with a year earlier. Toyota cited higher overhead costs, weaker profitability in certain segments, and the impact of currency fluctuations as the main reasons.

In numerical terms, revenue reached approximately $247.6 billion, up 6.8% year over year. Operating profit totaled about $20.8 billion, down 13.1%. Profit before taxes came in at roughly $27.2 billion, a decline of 22.9%. Even more pronounced was the drop in profit attributable to owners of the parent company, which fell 26.1% year over year to around $21.5 billion.

Global vehicle sales for the reporting period reached 7.302 million units, an increase of 301,000 vehicles, or 4.3%, compared with the previous year. Sales in Japan totaled 1.516 million vehicles, while overseas markets accounted for 5.786 million vehicles. Both figures showed growth year over year.