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Toyota Q1 Net Profit Climbs, Volume Down; Lifts FY27 View; Plans Up To ¥1 Trln Buyback; Stock Down

Toyota Q1 Net Profit Climbs, Volume Down; Lifts FY27 View; Plans Up To ¥1 Trln Buyback; Stock Down

Japanese auto major Toyota Motor Corp. reported Tuesday significantly higher net earnings in its first quarter, while operating income declined from last year with weak sales volume. Further, the firm upgraded fiscal 2027 outlook, still expecting weak earnings, but higher sales revenues and volume. The company also announced share repurchase authorization of up to 1 trillion yen.
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