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Toyota Motor Corporation (TYT.L)

LSE - LSE Delayed price. Currency in JPY
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6,858.31+134.88 (+2.01%)
As of 10:32AM BST. Market open.
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Previous close6,723.42
Open6,858.31
Bid0.00 x 0
Ask0.00 x 0
Day's range6,858.31 - 6,858.31
52-week range6,172.00 - 7,895.15
Volume16,400
Avg. volume67,491
Market cap19.187T
Beta (5Y monthly)0.80
PE ratio (TTM)12.00
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield200.00 (2.97%)
Ex-dividend date27 Sep 2019
1y target estN/A
  • Toyota Keeps Profit Goal Intact, Defying Pandemic and Rivals
    Bloomberg

    Toyota Keeps Profit Goal Intact, Defying Pandemic and Rivals

    (Bloomberg) -- Toyota Motor Corp. reported a surprise operating profit and kept its outlook for the full year intact, showing its resilience to the global automotive slowdown that has forced other major carmakers to post deep losses.Japan’s biggest automaker reported a profit of 13.9 billion yen ($132 million) in the April-June quarter, even though analysts projected, on average, a loss of 207 billion yen. For the fiscal year through March, Toyota kept its operating profit outlook of 500 billion yen.Although slim for an automaker with an annual output of 10 million vehicles, the results deliver on President Akio Toyoda’s vow to remain profitable during the pandemic. Volkswagen AG, Ford Motor Co. and other automakers have reported billions in losses as the pandemic decimated demand, underscoring Toyota’s expertise in containing costs during both good and bad times. Tesla Inc. was another rare example of a profitable carmaker, with Elon Musk’s company benefiting from market-share gains and capacity expansion.“There clearly are winners and losers,” said Tatsuo Yoshida, an analyst at Bloomberg Intelligence. “Toyota’s progress has been really good” compared with other Japanese automakers, he said.The shares of Toyota climbed after the results, and were up 2.3% at the close in Tokyo. The stock is down 12% this year. The Nasdaq OMX Global Auto Index is up about 4.5% over the same period.The pandemic has forced dealers to close showrooms and manufacturers to idle factories around the world, with global auto sales declining 22% in the first half to 4.16 million units. Toyota’s revenue for the quarter fell 40% to 4.6 trillion yen, slightly exceeding analysts’ prediction for 4.4 trillion yen.For the full year, Toyota kept its sales forecast at 24 trillion yen. Analysts are projecting, on average, annual revenue of 24.7 trillion yen.“Toyota was already more profitable than other automakers,” said Seiji Sugiura, an analyst at Tokyo Tokai Securities, adding that the company also rolled out new models. “They should return to normal by the fourth quarter.”Toyota also released a net income outlook of 730 billion yen, below analysts’ projection for 1.1 trillion yen. Toyota has decided to forgo an earnings news conference for fiscal first- and third-quarter results.(Updates with shares in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales
    Reuters

    Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

    Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line. Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June, better than a consensus estimate for a loss of 179 billion yen drawn from a Refinitiv poll of seven analysts. Toyota reiterated its annual operating profit forecast of 500 billion yen, its weakest in nine years, arguing that the coronavirus could still hurt its brighter sales outlook.

  • Toyota ekes out weakest first-quarter profit in nine years as pandemic halves car sales
    Reuters

    Toyota ekes out weakest first-quarter profit in nine years as pandemic halves car sales

    Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line. Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June, better than a consensus estimate for a loss of 179 billion yen drawn from a Refinitiv poll of seven analysts. Most global automakers fell into the red in the latest quarter, and many, including Ford Motor Co, Nissan Motor Co and Mitsubishi Motors Corp, are bracing for full-year operating losses.

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