TOYOTA MOTOR CORP/ (TM) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for TOYOTA MOTOR CORP/.

Q3 2026

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Analyst Coverage

Research analysts who have asked questions during TOYOTA MOTOR CORP/ earnings calls.

Nagai

TV Tokyo

2 questions for TM

Sato

JPMorgan Security

2 questions for TM

Also covers: IX, NMR

Takao Tsuchioka

Nikkei Cross Tech

2 questions for TM

Taniga

Car Watch

2 questions for TM

Taruno Akira

NHK

2 questions for TM

Yao

Nikkei newspapers

2 questions for TM

Fukui

Nikkan Jidosha Newspaper

1 question for TM

Fukuyi

Nikkan Jidosha Shimbun

1 question for TM

Ikeda Mio

Sankei Newspaper

1 question for TM

Inagaki

Indiscernible

1 question for TM

Mr. Ikeda

Not Disclosed

1 question for TM

Mr. Yao

Not Disclosed

1 question for TM

Tsuyoshi Inajima

Bloomberg

1 question for TM

Unknown Analyst

Morgan Stanley

1 question for TM

Also covers: ATEYY, BDORY, BSBR +19 more

Latest news

Recent press releases and 8-K filings for TM.

Toyota Motor Corp. Reports Record January Sales and Production Decline

Revenue Acceleration/Inflection

New Projects/Investments

Toyota and Lexus brands reported record January sales of 822,577 units, an increase of 4.7% year-on-year, primarily driven by stronger overseas demand, particularly in North America and Europe.
Electrified vehicles constituted over half of Toyota's January sales (414,386 units), with Battery Electric Vehicles (BEVs) experiencing an 87% jump to approximately 22,306 units.
Toyota's global production fell 6.0% to 735,097 vehicles in January, marking the third consecutive monthly decline, attributed to new model preparations and a RAV4 model changeover, which led to North American production plunging 24.8%.
Toyota maintained its position as the world's top carmaker in 2025, selling 11.3 million units.

2 days ago

Bloomberg

Elliott Management Seeks to Block Toyota Industries Buyout

M&A

Takeover Bid

Proxy Vote Outcomes

Elliott Management is actively trying to block Toyota Motor Group's take-private bid for Toyota Industries, asserting that the offer undervalues the company.
Elliott is offering to buy shares from investors at approximately ¥20,200, which is above Toyota's ¥18,800 proposal, and values the company at more than ¥26,000.
Elliott holds about a 7% stake in Toyota Industries, while Toyota Motor Group, which already owns approximately a 25% stake, is still about 9% short of the two-thirds majority required for the squeeze-out, despite having sweetened its offer in January after the initial plan in June 2025.
The dispute is being closely watched as a test of corporate governance in Japan.

4 days ago

Bloomberg

Toyota unveils 2027 Highlander BEV

Product Launch

New Projects/Investments

The 2027 Toyota Highlander is an all-new, all-electric three-row SUV, marking Toyota's first three-row battery-electric vehicle (BEV) for the U.S. market and the fourth BEV in its U.S. lineup.
It will be assembled in the U.S. at Toyota Motor Manufacturing Kentucky, with battery modules sourced from the newly opened Toyota Battery Manufacturing North Carolina (TBMNC) Battery Plant and a partner supplier in the U.S..
Key specifications include a manufacturer-estimated total driving range of 320 miles for XLE AWD and Limited AWD models equipped with a 95.8-kWh battery, and 338 combined system horsepower for AWD models.
Sales of the new Highlander are expected to begin in late 2026, continuing into early 2027.

Feb 11, 2026, 2:30 AM

Press Release

Toyota Motor Corporation Announces Q3 FY2026 Results and Full-Year Forecast

Earnings

Guidance Update

Dividends

For the first nine months of FY2026 (April 1, 2025, through December 31, 2025), Toyota Motor Corporation reported sales revenues of 38,087.6 billion yen, an increase of 6.8% year-over-year. Operating income decreased by 13.1% to 3,196.7 billion yen, and net income attributable to Toyota Motor Corporation decreased by 26.1% to 3,030.8 billion yen.
The company's full-year FY2026 forecast projects sales revenues of 50,000.0 billion yen, operating income of 3,800.0 billion yen, and net income attributable to Toyota Motor Corporation of 3,570.0 billion yen. Basic earnings per share are forecasted at 273.91 yen.
The FY2026 operating income forecast includes a significant 1,450.0 billion yen negative impact from U.S. tariffs.
At the end of FY2026 third quarter, total assets increased by 8,743.2 billion yen to 102,344.5 billion yen, and shareholders’ equity increased by 3,113.6 billion yen to 39,992.5 billion yen. The forecast for dividend per share for FY2026 is 90 yen.

Feb 6, 2026, 11:02 AM

6-K

Toyota Announces New CEO and Management Changes

CEO Change

CFO Change

Management Change

Toyota will appoint Kenta Kon as president and CEO on April 1, with Koji Sato transitioning to vice chairman and a newly created chief industry officer role.
The management reshuffle, which also includes Yoichi Miyazaki becoming CFO, aims to accelerate decision-making and sharpen profitability amidst intensifying competition and a shifting EV landscape.
Kon, known for his strict cost control and finance-first mindset, is expected to focus on internal management, earnings improvement, and lowering break-even volumes.

Feb 6, 2026, 10:25 AM

Bloomberg

Toyota Raises FY2026 Profit and Sales Forecasts Amid Tariff Headwinds

Guidance Update

Earnings

CEO Change

Toyota raised its full-year operating profit forecast to ¥3.8 trillion and net profit to ¥3.57 trillion for the year ending March 2026, while projecting sales of about ¥50 trillion.
Despite the updated forecasts, the net profit still reflects a roughly 25% year-on-year decline, largely attributed to an estimated ¥1.2–1.45 trillion impact from U.S. tariffs.
The company also increased its EPS guidance to approximately ¥273.91 from the previous ¥224.81.
For the first nine months of FY2026, operating income was ¥3,196.7 billion (down ¥482.7 billion year-on-year) and net income was ¥3,030.8 billion (down ¥1,069.4 billion), with the operating margin decreasing to 8.4% from 10.3%.
Consolidated vehicle sales for the first nine months rose about 3.4% to roughly 8.3 million units, with strong performance in North America and 150% year-over-year growth in BEV sales.

Feb 6, 2026, 10:11 AM

Barron's

Toyota announces CEO succession and quarterly financial results

CEO Change

Management Change

Earnings

Koji Sato will step down as CEO of Toyota and become vice chairman and chief industry officer, with Chief Financial Officer Kenta Kon succeeding him as CEO and president effective April 1.
The management reshuffle is intended to accelerate decision-making, splitting responsibilities so Kon handles internal management while Sato focuses on broader industry matters.
Toyota reported a quarterly net profit decline of approximately 43% to 1.257 trillion yen (about $8 billion) for the three months ended December.
Despite the profit decline, Toyota boosted its full-year profit outlook by nearly 12%.

Feb 6, 2026, 10:10 AM

Bloomberg

Toyota Motor Corp Announces Executive Leadership Transition

CEO Change

Management Change

New Projects/Investments

Toyota Motor Corp (TM) announced a leadership transition effective April 1st, with Kenta Kon appointed as the new President and CEO, and the current president, Sato-san, moving to Vice Chairman and Chief Industry Officer.
Kenta Kon, with a background in accounting and finance, will focus internally on enhancing the company's earning power and financial foundation.
Sato-san's new role as Vice Chairman and Chief Industry Officer will concentrate on accelerating broader industry collaboration to maintain the car industry's international competitiveness.
The organizational change aims to address management challenges by improving productivity and fostering collaboration, while upholding the core mission of "making ever better cars".

Feb 6, 2026, 6:30 AM

Transcript

Toyota Motor Corporation Announces CEO Transition and Executive Structure Changes

CEO Change

Management Change

New Projects/Investments

Toyota Motor Corporation announced executive changes on February 6, 2026, effective April 1, with Kenta Kon appointed as the new President and CEO.
Koji Sato, the outgoing CEO, will transition to Vice Chairman and Chief Industry Officer (CIO), focusing on broader industry collaboration.
The executive restructuring is designed to address management challenges by enhancing the company's earning power and accelerating industry collaboration.
Kon, with his background in accounting and finance, will focus internally on driving initiatives to improve earning power, while Sato will concentrate on external industry roles.
The company's strategy includes reducing break-even volume points to maintain revenue stability even in challenging environments.

Feb 6, 2026, 6:30 AM

Transcript

Toyota Motor Corporation Announces Executive Leadership Changes

CEO Change

Management Change

New Projects/Investments

Toyota Motor Corporation (TM) announced executive changes effective April 1st, with Koji Sato transitioning from President and CEO to Vice Chairman and Chief Industry Officer, and Kenta Kon (CFO of Woven by Toyota) appointed as the new President and CEO.
The organizational change aims to address management challenges by enhancing the company's earning power and accelerating industry collaboration.
Kenta Kon will focus internally on driving initiatives to strengthen the financial foundation and enable investments in future technologies, leveraging his expertise in accounting and finance.
Koji Sato will concentrate his efforts on broader industry engagement, including the Japan Automobile Manufacturers Association and Keidanren, to accelerate the pace of collaboration.
Both leaders affirmed that Toyota's core vision of "ever better car making" and "Fun to Drive" will continue to be strongly promoted under the new leadership.