Toyota Motor Corp Ltd Ord
- Toyota Motors Corp. gained 4.1% to $195.35 after the passenger car manufacturer posted improved sales for the nine-month period from April to December 2024, driven by higher demand for its hybrid electric vehicles.
Revenue in the period increased to ¥35.67 trillion from ¥34.02 trillion, and net income jumped to ¥4.1 trillion from ¥3.95 trillion a year ago.
Sales in Japan and North America decreased, but in Europe and Asia, they increased.
For the fiscal year ending on March 31, Toyota estimated revenues of ¥47 trillion, compared to its previous forecast of ¥46 trillion.
Net income is seen at ¥4.52 trillion, compared to the company’s previous forecast of ¥3.57 trillion.
Toyota estimated vehicle sales in 2025 to decline to 10.85 million from 11.09 million units last year.
The company proposed to repurchase up to 530 million shares for a maximum of ¥1.2 trillion from May 9, 2024 until April 30, 2025.
Feb 6, 2025
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