Toyota Motor FY Q1 Profit Drop Spooks Market

Toyota Forecast FY 2023 Transition of Financial Performance

Ken Zino of AutoInformed.com on Toyota Motor FY Q1 Profit Drop Spooks Market

Toyota posted record earnings in the last fiscal year through the end of March at ¥2.85 trillion ($21 billion) profit, +27% year-on-year. During the fiscal year ending 31 March 2023, TMC forecast a profit of ¥2.36 trillion ($17.6 billion). This is an increase from an earlier estimate of ¥2.26 trillion ($16.9 billion).

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