Toyota First-Half Profit Rises 26% as Cost Cuts Offset Raw-Material Costs

November 5, 2026 by admin

Rows of new cars at a manufacturing site in daylight

Photo: Pexels

Toyota posted a 26.1% rise in first-half net profit to ¥2.24 trillion and raised its full-year operating income forecast to ¥3.9 trillion.

Profit rises as costs fall

Toyota Motor reported first-half net profit up 26.1% from a year earlier, to ¥2.24 trillion, on 5 November 2026. It was the first rise for the April to September period in three years. Group operating profit climbed 9.2% to ¥2.19 trillion, as cost cuts offset a ¥465 billion drag from higher raw-material costs.

Tariffs and volumes

Global retail vehicle sales fell 4.6%, but a smaller hit from US tariffs helped Toyota’s North American operations return to profit. Toyota raised its FY2027 operating income forecast to ¥3.9 trillion, while trimming its full-year sales revenue forecast to ¥53.5 trillion.

Why it matters

Toyota is the world’s largest carmaker by sales volume, so its results show how tariffs and material costs are reaching car buyers in Japan, the United States and beyond. Hybrids led its sales in Japan. For more, see our companies coverage and economy section.

Source: Toyota Motor Corporation, FY2027 first-half consolidated results (announced 5 November 2026), as reported by Jiji Press, Nation Thailand and Just Auto.