Toyota says investment to weigh on profit after blockbuster Q4

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Toyota says investment to weigh on profit after blockbuster Q4

TOKYO -Toyota Motor forecast a 20% profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings.

Toyota expects operating income to total 4.3 trillion yen in the year to March 2025, a 20% decline, as it invests in "human capital" - including providing support for labour costs at suppliers and dealers - as well as in its multi-pathway strategy. Toyota said it plans to invest 1.7 trillion yen for growth this year in areas such as artificial intelligence and software.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota says investment to weigh on profit after blockbuster Q4Toyota Motor forecast a 20% profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings.
Source: Reuters - 🏆 2. / 97 Read more »

Futures tread water, more earnings ahead, Toyota reports - what's moving marketsFutures tread water, more earnings ahead, Toyota reports - what's moving markets
Source: Investingcom - 🏆 450. / 53 Read more »