Toyota Motor Corporation announced the launch of a 1 trillion yen share repurchase plan and raised profit expectations. Benefiting from the previous weakening of the yen, Toyota's sales performance in the US and Japan markets was strong. The world's largest car company issued a statement on Tuesday saying that the operating profit for the current fiscal year ending March of the following year is expected to reach 3.4 trillion yen. The average forecast of market analysts is 3.9 trillion yen. At the same time, the company raised its revenue forecast from 51 trillion yen to 54 trillion yen. Hybrid-hybrid technology was pioneered by Toyota, and hybrid models continue to be popular in the US market, providing strong support to the company. Coupled with the benefits brought about by the depreciation of the yen for half a year, the rise in raw material prices and the impact of supply chain disruptions caused by the situation in Iran — the conflict disrupted many key shipping routes in the Middle East. Quarterly profit up to the end of June was 1.1 trillion yen, a year-on-year decline for five consecutive quarters; quarterly revenue was 13.5 trillion yen. As early as May, Toyota warned investors that profits may unexpectedly decline this year. The company said the supply chain was blocked due to the conflict in Iran, which is expected to impact corporate profits by 670 billion yen.

Toyota Motor Corporation announced the launch of a 1 trillion yen share repurchase plan and raised profit expectations. Benefiting from the previous weakening of the yen, Toyota's sales performance in the US and Japan markets was strong. The world's largest car company issued a statement on Tuesday saying that the operating profit for the current fiscal year ending March of the following year is expected to reach 3.4 trillion yen. The average forecast of market analysts is 3.9 trillion yen. At the same time, the company raised its revenue forecast from 51 trillion yen to 54 trillion yen. Hybrid-hybrid technology was pioneered by Toyota, and hybrid models continue to be popular in the US market, providing strong support to the company. Coupled with the benefits brought about by the depreciation of the yen for half a year, the rise in raw material prices and the impact of supply chain disruptions caused by the situation in Iran — the conflict disrupted many key shipping routes in the Middle East. Quarterly profit up to the end of June was 1.1 trillion yen, a year-on-year decline for five consecutive quarters; quarterly revenue was 13.5 trillion yen. As early as May, Toyota warned investors that profits may unexpectedly decline this year. The company said the supply chain was blocked due to the conflict in Iran, which is expected to impact corporate profits by 670 billion yen.