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Toyota says investment to weigh on profit after blockbuster Q4

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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.

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