Toyota posted a 76% jump in net profit to 1.48 trillion yen for the first quarter of fiscal 2027, yet the stock sold off and the company announced a recall of 508,354 US vehicles a week later. Revenue climbed 10% to 13.5 trillion yen, prompting Toyota to raise its full-year revenue forecast to 54 trillion yen and net profit guidance to 3.25 trillion yen, while also announcing a buyback of up to 1 trillion yen. However, operating income fell 8.8% to 1.06 trillion yen as a weaker yen added 345 billion yen, and global vehicle sales slipped to 2.39 million units. The recall covers certain 2025-2026 Camry Hybrid models over an instrument cluster glitch that can disable hazard lights and turn signals.
Toyota Motor Corp.Recall of 508,354 US vehicles and operating income decline overshadow strong profit growth.
