Toyota Motor stock: Profit forecast rises as sales outlook softens
Published on 11/10/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings improve, guidance diverges
- First-half net revenues rose 9.5 percent to 26.962 trillion yen, while operating income increased to 2.1911 trillion yen.
- Toyota raised its fiscal 2027 operating income and net income forecasts but lowered its revenue outlook.
Toyota raised its fiscal 2027 profit outlook after stronger first-half results, while a lower revenue forecast kept the growth picture mixed. The figures were released on Thursday, November 5, for the six months ended September 30, 2026, and are set out in the Toyota USA Newsroom release.
Profit outlook moves higher
Net revenues increased 9.5 percent year over year to 26.962 trillion yen. Operating income rose from 2.0056 trillion yen to 2.1911 trillion yen, while net income attributable to Toyota Motor Corporation advanced from 1.773 trillion yen to 2.236 trillion yen.
Consolidated vehicle sales totaled approximately 4.758 million units, down about 25,000 vehicles from the prior-year period. The regional picture was uneven: North American vehicle sales slipped by 3,000 units, but regional operating income excluding interest-rate-swap valuation effects rose to 132.0 billion yen. Financial-services operating income increased to 442.3 billion yen.
Revenue view remains softer
For the fiscal year ending March 31, 2027, Toyota now forecasts operating income of 3.9 trillion yen and net income of 3.57 trillion yen. The company expects consolidated net revenues of 53.5 trillion yen and vehicle sales of 9.70 million units, based on an exchange-rate assumption of 157 yen to the US dollar.
The combination of stronger earnings and lower revenue guidance puts profitability and volume under different forms of scrutiny. Investors will focus on whether cost reductions, pricing and regional improvements can offset weaker demand in selected markets during the second half.
What has changed since the last report
Toyota Motor stock traded at 193.50 euros on Lang & Schwarz at 15:09 CET on Tuesday, November 10, 2026. That was 1.78 percent below the 197.00 euros cited in the November 9 report.
Toyota Motor Corporation
- Company: Toyota Motor Corporation
- ISIN: US8923313071
- Ticker: TM
- Lang & Schwarz quote: 193.50 euros at 15:09 CET on November 10, 2026
- First-half net revenues: 26.962 trillion yen
- Fiscal 2027 operating income forecast: 3.9 trillion yen
Japan's Nikkei 225 market environment remains a key backdrop for Japanese automakers.
More earnings updates and strategic developments are available in more news and analyses on Toyota Motor stock.
