Toyota Lifts Forecasts on Improved Operations and Shareholder Returns Despite Lower EV Outlook

Toyota boosted revenue and profit outlook due to improved operations, currency benefits, and cost cutting.

Toyota raised its dividend and announced a new share buyback plan.

Toyota increased expected sales revenue to ¥43 trillion and operating income to ¥4.5 trillion.

Toyota is reducing its forecast for BEV sales but increasing hybrid sales forecasts.

For Q3, Toyota reported revenue of ¥11.43 trillion, up 24%, and operating income of ¥1.44 trillion, up nearly 3x.