US stocks move unexpectedly | Toyota Motor continues to decline more than 1% in pre-market, net profit forecast for the new fiscal year expected to decrease by 22%

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Gelonghui May 11 | Last Friday (8th), Toyota Motor (TM.US) closed down 0.78%, and in pre-market trading today, it continued to fall by 1.6%, trading at $184.53.
On the news front, Toyota Motor’s net sales for the fourth fiscal quarter reached 12.60 trillion yen, up 1.9% year-over-year, with an estimated 12.72 trillion yen; net profit was 817.21 billion yen, up 23% year-over-year, with an estimated 731.65 billion yen.
Toyota expects full-year net sales of 51.00 trillion yen, while the market estimates 53.25 trillion yen.

Toyota forecasts that due to ongoing tensions in the Middle East and rising raw material prices, the company’s net profit for the new fiscal year (April 2026 to March 2027) will decrease by 22% compared to the previous year.
In the last fiscal year, tariffs and other factors led to a 21.5% decline in Toyota’s operating profit.
Toyota Vice President and CFO Yoichi Miyazaki stated that the new fiscal year will be the third consecutive year of profit decline for the company.
Against the backdrop of rapidly changing operating conditions, the company previously relied mainly on short-term response measures, with insufficient progress in medium- and long-term business restructuring. (Gelonghui)

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187.53

▼-1.47(-0.78%)

Close · 09/05 · USD

184.00

▼-3.53(-1.88%)

Pre-market · 09:51:57

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