Toyota Motor earnings date
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Toyota Motor (TM) Q2 2027 Earnings Report
TM Q2 2027 EPS Results
- Actual EPS
- $4.00
- Consensus EPS
- $3.24
- Beat/Miss
- Beat by +$0.75
- One Year Ago EPS
- $4.64
TM Q2 2027 Revenue Results
- Actual Revenue
- $84.38B
- Expected Revenue
- $84.64B
- Beat/Miss
- Missed by -$268.62M
- YoY Revenue Growth
- +0.50%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
Toyota Motor's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was broadly optimistic, supported by strong first-half operating income, a JPY 500 billion increase in full-year operating income guidance, improved North American profitability, expanded shareholder returns, and multiple long-term growth initiatives in hybrids, value chain services, robotics, and the Global South. However, management also highlighted weaker China demand, lower Toyota and Lexus sales and electrified vehicle ratio forecasts, Thailand flooding, material and tariff pressures, a second-quarter North American loss, and continuing competitive and regulatory uncertainty. The number and scale of the announced achievements and initiatives outweighed the stated challenges.
Toyota maintained its consolidated vehicle sales forecast unchanged by region and forecast full-year sales revenues of JPY 53,500,000,000,000, operating income of JPY 3,900,000,000,000, income before income taxes of JPY 4,960,000,000,000, and net income of JPY 3,570,000,000,000, based on JPY 157 per U.S. dollar and EUR 182 per euro; the full-year dividend forecast is JPY 100 per share, the share repurchase authorization is JPY 1,300,000,000,000, total shareholder return ratio is 69.4%, and total cancellation this fiscal year is 1.2 billion shares. Toyota said it will build a business structure toward 2030 around a robust foundation of 10 million vehicles centered on hybrid electric vehicles, standardize a base platform across 1.5 million units in the Global South, shorten development times by 18 months, grow value chain earnings on a scale of JPY 150 billion annually and aim to grow that another JPY 1 trillion by 2030, operate with a funding framework of approximately JPY 510 billion and more than 100 collaborative partners, address internal demand for 400,000 robots and an annual requirement of JPY 1 trillion, launch Toyota Robotics effective January 1, and aim for ROE 20%; capital allocation includes JPY 16 trillion for capital expenditure and R&D expenses and JPY 7 trillion for shareholder returns, with JPY 22 trillion for capital expenditures and R&D, JPY 11 trillion-JPY 14 trillion for shareholder returns, and net liquid assets of JPY 7 trillion as a contingency reserve.
- First-Half Operating Income and Upgraded Full-Year ForecastFirst-half operating income was JPY 2.2 trillion. The full-year operating income forecast was raised by JPY 500 billion from the previous forecast to JPY 3.9 trillion, which Toyota expects to represent year-on-year profit growth.
- Strong Consolidated Financial ResultsConsolidated financial results included sales revenues of JPY 26 trillion 962.4 billion, operating income of JPY 2 trillion 191.1 billion, income before income taxes of JPY 2 trillion 954.4 billion, and net income of JPY 2 trillion 236.4 billion.
- Improvement Initiatives Offset External ChallengesCost reductions conducted with suppliers, price revisions, expansion of value chain profits, foreign exchange effects, and mitigation of U.S. tariff impacts helped offset rising material prices and the impact of the Middle East situation, resulting in a year-on-year increase in operating income.
- Recovery in North America and Regional Profit GrowthNorth America returned to profitability, largely due to price revisions and the reduced impact of U.S. tariffs. Operating income increased in Japan due mainly to foreign exchange fluctuations and higher vehicle sales, and increased in Europe due to price revisions and expanding value chain profits.
- Electrified Vehicle Mix Reached 55.6%The electrified vehicle ratio reached 55.6%, led by battery electric vehicles and hybrid electric vehicles in North America and Europe.
- Vehicle Sales Increased Excluding HinoAlthough consolidated vehicle sales decreased by 25,000 units year-on-year mainly because Hino was excluded from consolidation, sales increased by 26,000 units year-on-year when excluding the Hino impact, primarily in Japan and Europe.
- Shareholder Returns ExpandedThe interim dividend was set at JPY 50 per share, up JPY 5 from the previous fiscal year, and the full-year dividend forecast was set at JPY 100 per share, also up JPY 5. Share repurchase authorization was increased by JPY 300 billion to JPY 1.3 trillion, with a projected total shareholder return ratio of 69.4%.
- Treasury Stock Cancellation and Capital Efficiency FocusToyota will cancel an additional 1 billion shares of treasury stock, bringing total cancellations for the fiscal year to 1.2 billion shares, exceeding the amount repurchased during the fiscal year. The company said it will pursue capital policies with a greater focus on capital efficiency.
- Expansion of Hybrid Production and Multi-Pathway StrategyToyota plans to continue expanding electrified vehicle production, primarily focusing on hybrid electric vehicles, for which it has a large order backlog. Looking toward 2030, it plans to build a business structure centered on a robust foundation of 10 million vehicles based on actual market demand, with battery electric vehicles added on top.
- North American Business Positioned for Further RecoveryToyota cited strong hybrid demand, high employee retention, operational efficiency, low incentive levels, low inventory days, and strong dealer relationships as strengths in North America. It plans to increase production of high-demand hybrid batteries, restructure its vehicle lineup, reduce external outflow costs, and advance automation through robotics.
- China Market Share Stabilized Through Localized DevelopmentIn China, Toyota said products tailored to local needs and joint development with partners halted the decline in market share and enabled it to hold firm at its current level. The Lexus Electrified Shanghai facility is scheduled to begin operations in September 2027, with concurrent development expected to shorten development times by 18 months.
- Global South Platform and Market ExpansionToyota plans to use a multi-pathway platform covering A, B, and C segments and supporting battery electric, hybrid electric, and carbon-neutral-fuel vehicles. It plans to standardize a base platform across 1.5 million units in the Global South and offer electrified vehicles tailored to regional needs at competitive prices.
- Value Chain Business Exceeded JPY 2 TrillionToyota said its value chain business has expanded to more than JPY 2 trillion, supported by 150 million owned vehicles worldwide. By increasing owned vehicles, retention rates, and retention periods, it is targeting annual growth on a scale of JPY 150 billion and aims to grow the business by another JPY 1 trillion by 2030.
- Investment in New Businesses and RoboticsToyota operates a funding framework of approximately JPY 510 billion and has more than 100 collaborative partners across areas including AI, robotics, space, and innovative energy technologies. It plans to establish Toyota Robotics as a company-wide organization on January 1 and use internal demand for 400,000 robots and an annual JPY 1 trillion requirement to replace aging equipment as a basis for developing a robotics business.
- Organizational Reforms to Strengthen Human Resources and Frontline SupportToyota will establish a Toyota Philosophy and Education Group and a new Kanri Group effective January. The initiatives are intended to develop next-generation talent, pass on Toyota's philosophy and skills, and create a professional support team that works more closely with frontline workplaces.
- Capital Allocation and ROE AmbitionToyota said it aims to balance growth investment with shareholder returns and views ROE as an indicator of its transformation into a mobility company, with an aim of reaching 20% ROE. For the five years ending March 2026, it described plans to allocate JPY 22 trillion to capital expenditures and R&D, JPY 11 trillion-JPY 14 trillion to shareholder returns, and maintain JPY 7 trillion in net liquid assets as a contingency reserve.
- Tariff Mitigation and Forecast ImprovementThe JPY 500 billion increase in the operating income forecast included JPY 140 billion from sales and marketing efforts, product appeal enhancement, price revisions, value chain profit expansion, and model mix changes; JPY 365 billion from expense and expense-reduction efforts; a JPY 210 billion contribution related to revised tariff assumptions; and approximately JPY 100 billion of mitigation related to a canceled development project and supplier negotiations.
- RAV4 Launch Reported as On PlanToyota said the RAV4 launch in the United States was proceeding according to plan and had no negative impact from the launch itself. The company explained that the new-generation model began from zero units, which affected year-on-year second-quarter production and profit comparisons.
- Planned Advanced Driver Assistance DeploymentToyota plans to begin introducing Level 2++ autonomous driving technology in initial models by 2028 and said it is targeting zero traffic accidents.
- Selective New Plant ExpansionToyota plans to fully utilize existing production capacity first, including converting parts and component storage areas into production lines. It identified the Global South, particularly India, as a central area for new plants where there is reliable demand and a trust-based relationship enabling construction.
TM Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2027 (Q3) | 4.84- | 6.15 | ― | ― |
| Nov 05, 2026 | 2027 (Q2) | 3.244.00 | 4.63 | -13.76% (-0.64) | |
| Aug 04, 2026 | 2027 (Q1) | 4.687.66 | 4.38 | 74.96% (+3.28) | |
| May 08, 2026 | 2026 (Q4) | 3.124.00 | 3.56 | 12.48% (+0.44) | |
| Feb 06, 2026 | 2026 (Q3) | 4.356.15 | 10.9 | -43.55% (-4.75) | |
| Nov 05, 2025 | 2026 (Q2) | 3.364.63 | 2.8 | 65.77% (+1.84) | |
| Aug 07, 2025 | 2026 (Q1) | 4.114.38 | 6.6 | -33.64% (-2.22) | |
| May 08, 2025 | 2025 (Q4) | 2.793.56 | 4.76 | -25.23% (-1.20) | |
| Feb 05, 2025 | 2025 (Q3) | 6.3510.90 | 6.79 | 60.37% (+4.10) | |
| Nov 06, 2024 | 2025 (Q2) | 5.042.80 | 6.26 | -55.34% (-3.46) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
