business / news / / Business Standard
Toyota posted an operating profit of 569.4 billion yen ($3.6 billion) for the three months ended March 31, compared with 1.1 trillion yen a year earlier.
Toyota estimates the Iran war fallout will cost it around $4.3 billion this financial year.
KEY POINTS
- Toyota's projected operating profit of 3 trillion yen is below analyst expectations of 4.59 trillion yen.
- Hybrid vehicle sales are expected to surpass 5 million units for the first time in 2026.
- Toyota’s Q1 profit dropped nearly 50% year-on-year, mainly due to Middle East disruptions.
COMPANIES
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