Toyota Motor Corp

7203: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Toyota Earnings: First Profit Growth in Three Years as Reforms Take Shape; Outlook Lifted

Vincent Sun

Nov 6, 2026

Toyota’s fiscal second-quarter consolidated revenue grew 9% year on year, with automobile revenue up 8% due to higher vehicle sales in Japan and Europe. Prolonged sales weakness and pricing pressure in China led to a 49% decline in equity-method profit from its China joint ventures.

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Toyota Motor Corp

Toyota Earnings: First Profit Growth in Three Years as Reforms Take Shape; Outlook Lifted

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