Toyota Motor FY2025 Q2 Earnings Down Significantly

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Toyota Motor today in Tokyo (NYSE: TM, 7203T) posted a FY Q2 profit drop of ~¥1.28 trillion yen year-over-year at ~¥573.7 billion. Toyota sold 2.3 million vehicles globally, compared to 2.4 million YOY. Quarterly sales revenue rose a tad ~¥11.44 trillion (~$75 billion) from ¥ 11.43 trillion. Nonetheless, Toyota re-affirmed its full fiscal year 2025 profit forecast of ¥3.57 trillion (~$23 billion), down from ~¥4.94 trillion fiscal year 2024. Simply put Toyota’s certification problems and plant shut downs clobbered earnings.*

“This fiscal year, while maintaining our ability to earn 5 trillion yen, we are strengthening and accelerating our investment in people, including suppliers and dealers, and investment in growth areas. We are taking such measures a step higher, expanding total investments to ~¥830 billion,” said Toyota Chief Financial Officer Yoichi Miyazaki.

“We further plan to recover from the impact of the decrease in production volume in the first half of the fiscal year and the temporary negative factors related to HINO MOTORS by improvement efforts, through activities to strengthen our work foundation,” Miyazaki said.

Toyota Motor FY2025 First Half Operating Results

• Sales revenues: 23,282.4 billion yen (an increase of ¥1,300.8 billion or 5.9% compared with FY2024 first half).
• Operating income: ¥2,464.2 billion (a decrease of ¥95.0 billion or 3.7% compared with FY2024 first half).
• Income before income taxes:  ¥2,732.0 billion (a decrease of ¥789.4 billion)or 22.4% compared with FY2024 first half).
• Net income attributable to Toyota Motor Corporation: ¥1,907.1 billion (a decrease of ¥682.3 billion or 26.4% compared with FY2024 first half).

Changes in Operating Income

• Effects of marketing activities – a decrease of ¥70.0 billion.
• Effects of changes in exchange rates – an increase of ¥610.0 billion.
• Cost reduction efforts  – an increase of ¥90.0 billion.

*AutoInformed on

• More Toyota Certification Problems Emerge from MLIT Probe
• Toyota Releases More Details on Vehicle Certification Fraud
• Toyota Motor Posts Record FY24 Net Income of $39.1B