Toyota Becomes First Japanese Firm with Annual Sales Exceeding 50 Trillion Yen
Toyota Motor Corp. announced that its sales for the fiscal year ended in March rose 5.5 percent to 50.68 trillion yen, marking the first time a Japanese company has surpassed the 50 trillion yen threshold in annual revenue. Despite this historic sales milestone, the automaker reported a 19.2 percent decline in net profit to 3.85 trillion yen and a 21.5 percent drop in operating profit. These financial setbacks were largely attributed to higher tariffs imposed by the United States on Japanese vehicles, which peaked at 27.5 percent before being negotiated down to 15 percent. Vehicle sales across the Toyota Group, including subsidiaries Daihatsu and Hino, increased by 2.5 percent to 11.28 million units, driven by strong demand in key markets like Japan. Looking ahead, Toyota projects a further 22 percent decrease in net profit to 3 trillion yen for the current fiscal year, with sales expected to edge up slightly to 51 trillion yen. The company also forecasts a slight decline in global vehicle sales to 11.18 million units. Notably, Hino Motors is no longer a consolidated subsidiary following its merger with Mitsubishi Fuso.
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Toyota Becomes First Japanese Firm with Annual Sales Exceeding 50 Trillion Yen
Toyota Motor Corp. announced that its sales for the fiscal year ended in March rose 5.5 percent to 50.68 trillion yen, marking the first time a Japanese company has surpassed the 50 trillion yen threshold in annual revenue. Despite this historic sales milestone, the automaker reported a 19.2 percent decline in net profit to 3.85 trillion yen and a 21.5 percent drop in operating profit. These financial setbacks were largely attributed to higher tariffs imposed by the United States on Japanese vehicles, which peaked at 27.5 percent before being negotiated down to 15 percent. Vehicle sales across the Toyota Group, including subsidiaries Daihatsu and Hino, increased by 2.5 percent to 11.28 million units, driven by strong demand in key markets like Japan. Looking ahead, Toyota projects a further 22 percent decrease in net profit to 3 trillion yen for the current fiscal year, with sales expected to edge up slightly to 51 trillion yen. The company also forecasts a slight decline in global vehicle sales to 11.18 million units. Notably, Hino Motors is no longer a consolidated subsidiary following its merger with Mitsubishi Fuso.
The Mainichi