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Will Toyota's recent safety scandals be resolved by the end of 2024?
5
Resolution / Starting Odds
Resolved • 50%
Not Resolved • 50%
Public announcements from Toyota or regulatory bodies
Story
Toyota Reports 78% Q4 Profit Surge, Record Annual Profit, Plans Share Buyback
May 8, 2024, 05:15 AM
Toyota Motor Corporation reported a significant 78% increase in its fourth-quarter operating profit, reaching 1.11 trillion yen ($7.2 billion), driven by strong hybrid vehicle sales and a favorable exchange rate. The company also announced a record annual profit for fiscal year 2023, posting an operating profit of 5.3529 trillion yen, the highest ever by a Japanese company. Despite these strong results, Toyota provided a cautious outlook for the upcoming fiscal year, projecting a 20% decline in profit due to increased investment costs and recent safety scandals that have led to production cuts. Additionally, Toyota announced a share buyback.
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No action taken • 25%
Fines imposed • 25%
Operational restrictions • 25%
Criminal charges • 25%
No major consequence • 25%
Fines imposed • 25%
Recalls issued • 25%
Executive resignations • 25%
No wrongdoing found • 25%
Minor irregularities found • 25%
Significant violations found • 25%
Major legal actions recommended • 25%
No significant impact • 33%
Decrease by less than 10% • 33%
Decrease by 10% or more • 33%
All vehicles repaired • 33%
Some vehicles repaired, some still pending • 33%
Majority of vehicles still pending repair • 33%