Japan’s Toyota Motor Corporation, the world’s largest vehicle manufacturer, reported a 6% increase in consolidated revenues to JPY 23,282 billion (US$151.2bn) in the first half of the current fiscal year (FY2025), covering the April-September 2025 period, despite continued production stoppages mainly at its Daihatsu in Japan after its subsidiary was found to have falsified safety tests on several models – some of which it also shared with other brands. This significantly affected the group’s operating results in the July-September quarter.
The company reported a sharp year-on-year rise in first-half FY2025 revenues in the US and Europe, due in large part to the weak yen and higher volumes in Europe, while revenues in Japan were flat.
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Toyota Motor said its first-half FY2025 operating earnings fell by almost 4% to JPY2,464.2 bn after rising rose by almost 17% to JPY1,308bn in the April-June period, due mainly to the extensive production stoppages at Daihatsu during the quarter.
Net income fell by almost 30% to JPY1,865.6bn in the six-month period. The company said is now expected to sell 10.85 million vehicles globally in the full FY2025, compared with 11.09 million in the previous year, and maintained its JPY3,570bn net income forecast for full year – helped by a normalization of operations in Japan.
