Toyota Motor Corp

7203: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Toyota Earnings: Tariff, Currency, and Inflationary Costs Continued to Depress Profitability

Vincent Sun

Feb 9, 2026

Toyota’s fiscal third-quarter consolidated revenue was up 9% year on year, with automobile revenue edging up 7% thanks to an increase in vehicle sales volume in the US and Japan. With continued sales and profitability pressure in China, profit for China joint ventures declined 12% year on year.

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Toyota Motor Corp

Toyota Earnings: Tariff, Currency, and Inflationary Costs Continued to Depress Profitability

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