Toyota lifts FY 2026 net profit outlook on weaker yen, robust hybrid demand

TOKYO - Toyota Motor Corp. on Tuesday raised its net profit forecast for the current business year through next March to 3.25 trillion yen ($20.6 billion) from 3 trillion yen, reflecting a weaker assumed exchange rate and robust demand for hybrid vehicles.

Despite the upward revision, the world's largest automaker by volume maintained its forecast for a third straight annual decline in net profit, expecting it to fall 15.5 percent from the previous year due in part to the impact of tensions in the Middle East.