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Market
Leading region for Toyota's profit growth in 2024
4
Resolution / Starting Odds
Asia leads profit growth • 25%
North America leads profit growth • 25%
Europe leads profit growth • 25%
Other regions lead profit growth • 25%
Toyota's geographic segment performance in the annual report for 2024
Story
Toyota Records Historic Profits, Driven by Hybrid Sales and Weak Yen
May 8, 2024, 09:00 AM
Toyota Motor Corporation has reported a significant increase in its financial performance for the fiscal year 2023, posting record profits driven by robust sales of hybrid vehicles and favorable foreign currency conditions. The company's fourth-quarter operating profit surged by approximately 78%, reaching 1.11 trillion yen ($7.2 billion), primarily due to a weak yen and strong sales. For the entire fiscal year, Toyota achieved an operating profit of 5.3529 trillion yen, marking the highest of any Japanese company in history. Additionally, the automaker recorded a net profit of 4.94 trillion yen ($31.9 billion).
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Similar markets
North America • 25%
Europe • 25%
Asia • 25%
Rest of the World • 25%
Competitors increase hybrid production • 25%
Competitors focus on electric vehicles • 25%
Competitors cut prices • 25%
No significant change in competitors' strategies • 25%
Greater China • 25%
Americas • 25%
Europe • 25%
Rest of Asia Pacific • 25%
Asia-Pacific • 25%
Europe • 25%
North America • 25%
Middle East • 25%
Europe • 25%
North America • 25%
Asia • 25%
Rest of the World • 25%
Strongest in China • 25%
Strongest in Europe • 25%
Strongest in the US • 25%
Even Performance Across Regions • 25%
Northeast US • 25%
Midwest US • 25%
South US • 25%
West US • 25%
China revenue increases • 25%
US revenue increases • 25%
Europe revenue increases • 25%
Rest of the world revenue increases • 25%
Stock price higher than June 2024 level • 33%
Stock price lower than June 2024 level • 33%
Stock price approximately the same as June 2024 level • 33%
Europe • 25%
North America • 25%
Asia-Pacific • 25%
Other Regions • 25%
Increase investment further • 33%
Maintain current level of investment • 33%
Reduce investment • 34%