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Companies · TM

TM Reported this cycle

Toyota

Toyota, Japan Founded 1933 Automotive & EV

AI-generated · informational only · not investment advice · verify before relying.

Latest analysis

Updated Nov 5, 2026

Toyota reports FY2027 H1 sales revenues of 26,962.4 billion yen (+9.5% YoY), raises full-year operating income forecast to 3.9 trillion yen, and launches a 296 billion yen tender offer to repurchase shares from insurance policy holders.

Toyota delivered a strong FY2027 first half with sales revenues of 26,962.4 billion yen and operating income of 2,191.1 billion yen, both up approximately 9% year-on-year, driven primarily by favorable foreign exchange rates (+685 billion yen) partially offset by cost pressures including materials prices (-465 billion yen) and warranty costs. Management raised the full-year FY2027 operating income forecast by 500 billion yen to 3.9 trillion yen, citing reduced tariff-related costs and accumulated improvement efforts including value chain expansion. Simultaneously, Toyota announced a tender offer to repurchase approximately 108.75 million shares from four insurance policy-holding shareholders at 2,725 yen per share (a 10% discount to market), and established Toyota Robotics as a new company-wide organization, signaling robotics as a declared next core business pillar.

Tone: bullish

Revenue

¥48T

TM 20-F · FY 2025 · JPY

Employees

367,173

Revenue FY2025

¥45.1T

Founded

1933

Profile

TM 20-F Item 4.B · Jun 10, 2026

Toyota Motor Corporation is a Japanese multinational automotive manufacturer that designs, produces, and sells passenger vehicles, minivans, commercial trucks, and related parts and accessories across approximately 200 countries and regions. The company also operates a substantial financial services segment providing retail financing, leasing, and insurance primarily to support Toyota and Lexus vehicle sales. Toyota pursues a multi-pathway carbon-neutrality strategy spanning battery electric, hybrid, plug-in hybrid, fuel-cell, and hydrogen internal combustion engine technologies.

Read filing description ↓

Toyota primarily conducts business in the automotive industry. Toyota also conducts business in the financial services and other industries. Toyota sold 9,595 thousand vehicles in fiscal 2026 on a consolidated basis. Toyota had sales revenues of ¥50,684.9 billion and net income attributable to Toyota Motor Corporation of ¥3,848.0 billion in fiscal 2026. Toyota's automotive operations include the design, manufacture, assembly and sale of passenger vehicles, minivans and commercial vehicles such as trucks and related parts and accessories. Toyota's financial services business consists primarily of providing financing to dealers and their customers for the purchase or lease of Toyota vehicles. Toyota's financial services business also provides mainly retail installment credit and leasing through the purchase of installment and lease contracts originated by Toyota dealers. Related to Toyota's automotive operations, Toyota is working towards having all of its vehicles become connected vehicles, creating new value and reforming businesses by utilizing big data obtained from those connected vehicles, and establishing new mobility services. Toyota's all other operations business segment includes the information technology related businesses including a web portal for automobile information called GAZOO.com. Toyota sells its vehicles in approximately 200 countries and regions. Toyota's primary markets for its automobiles are Japan, North America, Europe and Asia.

Primary products

  • Passenger vehicles
  • Minivans
  • Commercial trucks and buses
  • Automotive parts and accessories
  • Retail installment financing
  • Retail leasing

Business segments

Automotive operations Financial services operations All other operations

End markets

Passenger vehicles Minivans Commercial vehicles Retail financing and leasing Insurance Information technology Insurance Information technology

Geographies

Japan North America Europe Asia Central and South America Oceania Africa Middle East

Named competitors

China FAW Group Corporation Guangzhou Automobile Group Co., Ltd. Daimler Truck Holding AG BMW GLP Investment (Shanghai) Co., Ltd. Commercial banks Credit unions Other finance companies
“Toyota believes that its research and development initiatives, particularly the development of environmentally friendly new vehicle technologies, vehicle safety and information technology, provide it with a strategic advantage.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Reported in JPY (yen in millions). Sales revenues from products sold (automotive and all other operations) increased by 5.2% in fiscal 2026, while financial services revenues increased by 8.6%, with total consolidated revenues rising from ¥48,036,704 million in fiscal 2025 to ¥50,684,952 million in fiscal 2026.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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