Toyota Motor Corp

7203: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Toyota Earnings: Operating Profit Beat; Outlook Indicates Cost Pressure and Currency Headwinds

Vincent Sun

May 9, 2025

Toyota’s fiscal fourth-quarter (ended March 2025) revenue was up 12% year over year, with automobile revenue edging up 8% thanks to an increase in vehicle sales volume. Automobile segment gross margin, however, was weaker than we expected.

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Toyota Motor Corp

Toyota Earnings: Operating Profit Beat; Outlook Indicates Cost Pressure and Currency Headwinds

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