Toyota profits hit record high: hybrids and premium cars drive

According to Toyota Motor’s consolidated financial report for the first fiscal quarter as of the end of June (according to international accounting standards), the company’s performance has achieved significant growth. Operating profit increased by 94% year-on-year to 1.12 trillion yen (approximately 56.224 billion yuan), and operating income also increased by 24% to 10.55 trillion yen (approximately 529.61 billion yuan). Net profit has also made great progress, increasing by 78% to 1.31 trillion yen (approximately 65.762 billion yuan)

Toyota's first fiscal quarter financial report showed that the company has made great progress in hybrid vehicles and Sales of premium cars performed well, driving profits to a record high. However, it is worth noting that Toyota's sales in the Chinese market have declined. According to the latest data, in June this year, Toyota's sales in the Chinese market experienced its first monthly decline in three months, a year-on-year decrease of 12.8%, with sales of 174,548 vehicles. From January to June, Toyota's sales in the Chinese market also fell by 2.8%

Despite the challenges faced in the Chinese market, Toyota remains optimistic about its full-year performance and expects full-year operating income to increase year-on-year. 2%, reaching 38 trillion yen (approximately 1.91 trillion yuan); at the same time, operating profit is expected to increase by 10%, reaching 3 trillion yen (approximately 150.6 billion yuan); net profit is expected to increase by 5 %, reaching 2.58 trillion yen (approximately 129.516 billion yuan)

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