Toyota(US:TM) Zhi Tong Cai Jing·2026-02-06 08:01Core Viewpoint - Toyota Motor Corporation reported a mixed financial performance for the third quarter of fiscal year 2026, with a significant increase in sales revenue but a notable decline in net profit [1] Financial Performance - Sales revenue for the third quarter reached 13.46 trillion yen, an increase of 8.6% year-on-year [1] - Net profit for the same period was 1.26 trillion yen, a decrease of 43% year-on-year [1] - The company raised its full-year sales revenue forecast to 50.00 trillion yen from a previous estimate of 49.00 trillion yen [1] - Full-year net profit is now expected to be 3.57 trillion yen, up from the prior forecast of 2.93 trillion yen [1] - Operating profit forecast for the year was increased by 11.8%, attributed to a weak yen and cost-cutting measures offsetting the impact of U.S. tariffs [1] Electric Vehicle Sales - Electric vehicles accounted for nearly half of Toyota's retail vehicle sales in the first three quarters of the fiscal year [1] - Growth in sales was primarily driven by strong demand for hybrid models in regions such as North America and China [1] - The company anticipates sales in Asia for the fiscal year 2025/26 to be 1.82 million units, slightly down from the previous estimate of 1.84 million units [1] Leadership Changes - CEO Akio Toyoda will step down, with CFO Koji Sato set to take over as CEO [1] - This marks the second CEO change for the company in three years [1] - The leadership transition will take effect on April 1, with Toyoda becoming Vice Chairman and Chief Industry Officer [1] - The board restructuring is scheduled for June 2026, when Sato will join the board as a director, and Toyoda will resign from his board position [1]