Toyota Lifts Profit Forecast and Plans to Commercialise Its Robotics Business
Toyota raised its full-year operating income forecast by 15% to ¥3.9 trillion, expanded its shareholder returns program and announced plans to commercialise its robotics business, as quarterly operating profit rose 9.2%.
Toyota Lifts Profit Forecast and Plans to Commercialise Its Robotics Business
Toyota Motors on November 5 revised up its full-year operating income forecast by 15% to 3.9 trillion yen, expanded a shareholder returns program and announced plans to commercialise its robotics business.
Operating profit rose 9.2% year-on-year to 2.2 trillion yen ($14 billion) in July to September, while revenue rose 9.5% to 27 trillion yen.
The carmaker said it would allocate up to 14 trillion yen for shareholder returns through March 2031.
Shares fell nearly 5% to 3,370 yen on November 6, after rising 17% on November 5.
Sources
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jajoy39
I’m Nahid Hasan Joy, a technology writer, web developer, and digital enthusiast with a strong interest in the ever-changing world of technology.
