Toyota’s profit drops 28% amid rising competition, transition to EVs

10:40 AM (Mecca time) Argaam
Logo ofToyota

Logo of Toyota


Toyota's profits continued to decline in the third quarter of its fiscal year 2025, recording the second consecutive quarterly drop. The downturn comes as the company faces increasing competition from Chinese automakers and the ongoing global transition to electric vehicles (EVs).

 

In its financial report released today, Feb. 5, the automaker reported sales of 2.44 million vehicles in the third fiscal quarter, down from 2.55 million units in the same period last year.

 

Despite a rise in revenue over the first nine months of the fiscal year, Toyota saw a decline in operating income.

 

Third Quarter 2025 Financial Results

Item

Q3

Q2

Expectations

Change

Revenue (trln yen)

12.39

12.04

12.1

+2.9%

Operating Income (trln yen)

1.21

1.68

1.39

(27.7%)

Income from Other Sources

(trln yen)

1.48

0.15

--

+859.6%

Net Income (trln yen)

2.19

1.35

--

+61.5%

US$ Exchange Rate

152  Yen

148  Yen

--

+2.7%

 

9M 2025 Financial Results

Item

9M

9M 2024

Expectations

Change

Revenue (trln yen)

35.67

34.02

12.1

+4.85%

Operating Income (trln yen)

3.67

4.24

1.39

(13.22%)

Income from Other Sources

(trln yen)

1.75

1.11

--

+56.7%

Net Income (trln yen)

4.10

3.94

--

+3.9 %

US$ Exchange Rate

153

143

--

+7.0%

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