Toyota Guidance Is Terrible. Competition Is Heating Up. [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
Operating profit is set to fall 20% in the coming year as the company invests more in battery electric vehicles and artificial intelligence to keep up with its automotive peers. For the fiscal fourth quarter ended in March, Toyota earned about ¥1.1 trillion, or $7.1 billion, up from the $4 billion earned in the same quarter of fiscal year 2023. TOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan's top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday. The results exceeded Toyota's own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year. Sales of hybrids performed well, although Toyota stressed
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