Toyota Motor Corporation (TMC) has released its financial results for the first quarter ending June 30, 2025. The company reported consolidated vehicle sales of about 2,411,000 units, an increase of roughly 159,000 units compared to the same period last year. Net revenues for the period reached 12.253 trillion yen ($84.5 billion), marking a 3.5% rise.
Operating income declined from 1.308 trillion yen ($8.4 billion) to 1.166 trillion yen ($8.0 billion). Income before income taxes was reported at 1.252 trillion yen ($8.6 billion). Net income decreased from 1.333 trillion yen ($8.5 billion) to 0.841 trillion yen ($5.8 billion).
In North America, vehicle sales were approximately 794,000 units, up by 89,000 units over the previous year. However, operating income—excluding valuation gains and losses from interest rate swaps—dropped by 164.3 billion yen ($1.1 billion) to -63.6 billion yen ($-438 million).
Japan saw vehicle sales reach about 481,000 units, an increase of 60,000 units year-on-year; operating income fell by 241.8 billion yen ($1.66 billion) to 643.4 billion yen ($4.4 billion).
European sales totaled around 298,000 units with a modest increase of 7,000 units; operating income decreased by 26.4 billion yen ($182 million) to 974 billion yen ($671 million).
In Asia, sales dropped by about 15,000 units to approximately 421,000 vehicles sold; operating income decreased by 23.9 billion yen ($164 million) to 220.7 billion yen ($1.5 billion).
Other regions—which include Central and South America, Oceania, Africa and the Middle East—saw an increase in vehicle sales by about 19,000 units to a total of approximately 417,000 units; operating income rose by 64.8 billion yen ($446 million) to reach 98.4 billion yen ($678 million).
Financial services posted an operating income increase of about ¥19 billion ($131 million), totaling ¥188 billion ($1.3 billion). When including valuation gains and losses from interest rate swaps, this figure increased further by ¥62.5 billion ($431 million), bringing total operating income in this segment to ¥222.2 billion ($1.5 billion).
TMC projects consolidated vehicle sales for the fiscal year ending March 31, 2026 will be around 9.80 million units and expects consolidated net revenue of 48.5 trillion yen ($334.5 billion). The forecast also includes an estimated operating income of 3.2 trillion yen ($22.1 billion), income before taxes of 3.87 trillion yen ($26.7 billion), and net income of 2.66 trillion yen ($18.3 billion), based on an assumed exchange rate of 145-yen-to-dollar.
All currency translations are approximate and reflect average exchange rates for each period.
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