Toyota Motor is targeting a roughly 40% increase in operating profit generated outside new-vehicle sales, aiming for Y3tn ($19.23bn) by fiscal 2030, Nikkei Asia reported.
The Japanese automaker is looking to this expansion from what it terms “value chain revenue” – encompassing software updates, leasing, sales financing and parts sales tied to the roughly 150 million Toyota vehicles currently in use globally.
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This segment presently delivers operating profit of around Y2.1tn, with the company planning annual increases of about Y150bn through to 2030.
The Y3tn target would account for roughly 80% of Toyota’s consolidated operating profit for the year ended March.
Software-defined vehicles sit at the core of the plan.
Toyota has introduced a paid service letting GR Yaris and GR Corolla owners adjust vehicle functions through a smartphone app, including a cooling feature for the electronic control system.
Parts supply is also being scaled up.
With a new warehouse now open in Belgium, Toyota supplies parts from 16 regional hubs across 50 countries and intends to strengthen its presence in Italy and eastern Europe, where vehicles average 15 years in service.
Used-car sales form a further strand.
The company aims to lift annual domestic used-car sales to 550,000 units by 2030, up from around 350,000 at present.
Toyota’s global scale underpins the strategy: it sold 10.53 million vehicles in 2025, ahead of Volkswagen’s 8.98 million and Hyundai Motor’s 7.27 million.
“We will maintain our current growth pace through increasing the number of vehicles in operation and expanding regionally and nationally,” value chain revenue executive vice president Yoichi Miyazaki was quoted as saying.
Toyota reported a 75.6% rise in net income to Y1.47tn for the first quarter of its 2027 financial year and has raised its FY2027 guidance accordingly.
Consolidated sales revenue for the three months to 30 June 2026 reached Y13.52tn, up 10.4% on the same period the previous year.
The company is intensifying efforts to strengthen profitability as the sector contends with mounting pressures from the prolonged conflict in the Middle East, US import tariffs and increasing competition from Chinese automakers.
Toyota’s president and CEO, Kenta Kon, told reporters last month that the company’s “break-even volume is high, we want to reverse this”.
