# Toyota raises annual profit forecast despite half-year sales decline

> Toyota reported global sales of 5.05 million vehicles in the first half of 2026, a 4.0% decrease year-on-year. Nevertheless, the manufacturer raised its annual profit forecast by 500 billion yen to 3,900 billion yen, following a half-year operating profit of 2,191.1 billion yen, and announced a dividend of 100 yen per share as well as a buyback program increased to 1,300 billion yen. These announcements caused Toyota's stock to surge in Tokyo, marking its largest daily increase in 39 years, despite a quarterly net profit of 759.4 billion yen that was slightly below expectations. The coverage is international: Japan concentrates on the financial details, while China, Germany, and the United States are also following the story, with no significant national divergences shown in the provided sub-events.

**In brief**: Ongoing story bringing together 10 events involving Toyota, Toyota Motor, BMW and 7 more, in 6 countries (Japon, États-Unis, Chine and 3 more), followed from 4 November 2026 to 5 November 2026. 76 articles from 15 sources (plants, jobs and earnings, sales and market); last updated on 5 November 2026 at 19:16. Figures reported: 505 vehicles.

- Status: ongoing
- Scope: International
- Category: Plants, jobs and earnings, Sales and market
- Countries: Japon, États-Unis, Chine, Allemagne, Italie, Suède
- Brands: Toyota, Toyota Motor, BMW, BYD, Chery, Ferrari, Geely, Great Wall Motor, Lexus, Volvo Cars
- First detected: 4 November 2026 at 02:00
- Updated: 5 November 2026 at 19:16
- Web page: https://mecapress.com/stories/275-toyota-raises-annual-profit-forecast-despite-half-year-sales-decline

## National stories (8)

- China — 0 country-specific event, 20 articles
- Japan — 0 country-specific event, 10 articles
- Germany — 0 country-specific event, 5 articles
- United States — 0 country-specific event, 5 articles
- India — 0 country-specific event, 3 articles
- France — 0 country-specific event, 3 articles
- South Korea — 0 country-specific event, 2 articles
- Brazil — 0 country-specific event, 2 articles

## Reported figures

- 992 billion yen
- $6.3 billion
- $23 billion
- 500 billion yen
- US$22.6 billion

## What is established

_“Confirmed” = reported by at least two independent outlets (outlets of the same group count as one). AI cross-check of the collected headlines and extracts._

**Confirmed by several sources**

- Toyota has raised its forecast for annual operating profit by 500 billion yen to 3,900 billion yen for the fiscal year ending in March 2027. (6 independent sources: [car.watch.impress.co.jp](https://car.watch.impress.co.jp/docs/news/2153950.html), [뉴스핌](https://www.newspim.com/news/view/20261105001116), [파이낸셜뉴스](https://en.fnnews.com/news/202611051535515091), [nikkei.com](https://www.nikkei.com/article/DGXZQOFL054JTTV01C26A1000000/), [レスポンス（Response.jp）](https://response.jp/article/2026/11/05/418654.html), [Stock Titan](https://www.stocktitan.net/sec-filings/TM/6-k-toyota-motor-corp-current-report-foreign-issuer-f821114997e1.html))
- Semi-annual net income attributable to shareholders reached 2,236.4 billion yen, an increase of 26.1%. (5 independent sources: [凤凰网科技](https://news.google.com/rss/articles/CBMiTEFVX3lxTFB0VFhleTNzc2xPc1dUNUtubHV0alhKenItMU5XSmw5TmhpcTU2Y1RVZXNkNzFrVVNFYkFJakJLVTZUcWw3MDNGMFNhVlY?oc=5), [网通社](https://news.google.com/rss/articles/CBMiWkFVX3lxTE9YSDdpVXRVVjVpYk9rbzVHSWJNRE5kYU9TS05JekZzNkZZSV9ZYWM1SnlDeEVNOVg3QXVJSVdHWnZJcUVER3hfci13U243em9SYU8xQXJCeE9kZw?oc=5), [凤凰网](https://news.google.com/rss/articles/CBMiTEFVX3lxTE9QN1pLX0RQYmJEVGFYMHJNNEktQjA2dnpnMVkxbE9ZRWNWT3diTlRaeHJSYV8tSkVVVTFXTlhGd0NSTUowMVR2QVJzQ2Y?oc=5), [car.watch.impress.co.jp](https://car.watch.impress.co.jp/docs/news/2153950.html), [Stock Titan](https://www.stocktitan.net/sec-filings/TM/6-k-toyota-motor-corp-current-report-foreign-issuer-f821114997e1.html))
- Operating profit for the second quarter grew by 34% year-on-year, marking the first increase in six quarters. (5 independent sources: [financialnewsletter.com](https://financialnewsletter.com/toyota-posts-profit-surge/), [The Business Times](https://news.google.com/rss/articles/CBMizwFBVV95cUxQNE1hNGxCTGlsem5SbjBhdjZzcFgyWTZkMTJjMFotQkEta0pNSXpyZ0RDNEEtMXppZTlUNlpSTGtERFNQNXY4YUdBbG1Cby1mUmpKRXlIVWktYkNNRThIT3RoNmJFcTY1ZlpadGpObE90U21HbDgwY1c5SGpvVDZtSlN4T01ReWJXUE43Q1lPQ3RKMDN5UGxtU1BvUHhLci0yNHVsazJKVktWckZqV0JTWV84eld6dWdsYXA0X09rRE9Td2MxOGxtU20zcTU0bnM?oc=5), [同花顺](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1sTGZDWmpMM0wtbDBYWFBjdFNHMGxfdHIzdnZpbVV0RmNJX0hveUx3eDhwa2FtNTFFdWZJTk1fT0wxV19NczFmUi1nT3NhU0xqaGlMVWdtdGtJMDZ1NE1LYg?oc=5), [motor.no](https://www.motor.no/aktuelt/toyota-tjener-milliarder-pa-hybridsatsing/373944), [L'Auto-Journal](https://www.autojournal.fr/actu/toyota-redresse-benefices-previsions-hybrides-430500.html?utm_source=rss_feed&utm_medium=link&utm_campaign=unknown))
- Net income for the second quarter (July-September) stood at 759.4 billion yen, below the estimate of 769.79 billion yen. (3 independent sources: [新浪财经](https://news.google.com/rss/articles/CBMiS0FVX3lxTFBlQmVCeGhVZFNaOHJUSk93ZGVTQmtxSGRYd0Z3S3ZJRUJKNmR2bE04LTQtMnIxSjFQaExuVmtjSy1LTTFuUTYtYno1Zw?oc=5), [Japan Wire by Kyodo News](https://english.kyodonews.net/articles/-/90451), [apnews.com](https://apnews.com/article/toyota-earnings-japan-autos-tariffs-sales-edb08f2e852ef77ba260b33568ae43ff))
- Toyota forecasts 11,000 to 14,000 billion yen, approximately 89 billion dollars, in shareholder returns over five years. (3 independent sources: [观点网](https://news.google.com/rss/articles/CBMiYkFVX3lxTE42WW93TERIbUlVckdTTTBzU29TQ0drSXBYa3BQTEtGY0JpWkV4Qzg4Yl92U0p0YlFCbGJOdzJWUHE0N01YNWFLUnJqUzNuMUxFNFNra2FiTUYxX3FJR1lvazdB?oc=5), [Boursorama](https://news.google.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?oc=5), [CNBC](https://www.cnbc.com/2026/11/05/toyota-hikes-annual-outlook-and-unveils-89-billion-shareholder-return-plan.html))
- The semi-annual operating profit (April-September 2026) amounted to 2,191.1 billion yen, an increase of 185.4 billion yen year-on-year. (2 independent sources: [car.watch.impress.co.jp](https://car.watch.impress.co.jp/docs/news/2153950.html), [news.web.nhk](https://news.web.nhk/newsweb/na/nd-20261105de70769))
- Toyota increases its annual dividend to 100 yen per share. (2 independent sources: [新浪财经](https://news.google.com/rss/articles/CBMiS0FVX3lxTE9jQ20zNGJ3UmJvVFA2TDg3V3RDLU1wNlJyQ2ZEbkVvWEZVcDBROE1Ed3JVVFg4NjZVdGM1d3pGRFhsb2JZdV9ZenlEWQ?oc=5), [Stock Titan](https://www.stocktitan.net/sec-filings/TM/6-k-toyota-motor-corp-current-report-foreign-issuer-f821114997e1.html))
- Toyota raises its share buyback ceiling to 1,300 billion yen, representing 610 million shares. (2 independent sources: [investing.com](https://www.investing.com/news/earnings/toyota-q2-profit-beats-estimates-hikes-guidance-buyback-plans-5002220), [TipRanks](https://www.tipranks.com/news/company-announcements/toyota-raises-share-buyback-ceiling-to-1-3-trillion))
- Toyota's stock surged in Tokyo, recording its strongest daily gain in 39 years. (2 independent sources: [Times Brasil | CNBC](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQVWpyN1o2cU80R0lJa0ktZVJ4ZVlBU0FFazc2ZkZnWmVFNXJfS0xSbnA2c1lKcy1nOEdVdVBtaE5kaUh3WXFtV2RweHllYUxCTUZHdFpyNmdaU3RTSHVjSl9acGk1Nm52VUt3STdXWmNtOGxxcVd2YjFmY3A2WmFndngyTHdVRlJDM0l6RG5fTVVtRmMyb3ZkbC1HcU9kNXZMaEVlOFlGTWQ0NDB4OW9NSE9NZG1FMy1WdllMR0NoLTQyRkswemdqNDFUbnFCUlJOXzMwV05RT0o4dDQ3MjA5RzBxTHpPOUJYVGltbFhUWEhzY3dldllZeXJn?oc=5), [财联社](https://news.google.com/rss/articles/CBMiSEFVX3lxTFBxZmNLNWV3SGx6eUZreVIyLXNRYnU1YUthdnZhYXV2YkdIWXNNZHRFdS1peF9pc1BFWEhWWTZPMDFwUGZoOVZrdw?oc=5))
- Toyota raises its forecast for annual net profit to 3,570 billion yen, compared to 3,250 billion yen previously. (2 independent sources: [Free Malaysia Today](https://www.freemalaysiatoday.com/category/business/2026/11/05/toyota-hikes-profit-forecasts-on-strong-demand), [The Japan Times](https://www.japantimes.co.jp/business/2026/11/05/companies/toyota-profit-forecast-upward-revision/))

**Sources disagree**

- Extent of Toyota's stock price increase: Increase of up to 8.5% according to [东方财富](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5STjRQM0gwc1dIanhhdW9aTDRZSXlaZndQemlNMWxGSjBEcFJOWFhrZ2dKcDNUam1YTG9LbjhCR2lTbjdDZTFGWHpPWVp5dDZ1UFQ5UVh3X0tPR1Z4dkpqQw?oc=5) ; Increase of 14.9% according to [investing.com](https://www.investing.com/news/stock-market-news/why-is-toyota-motor-stock-surging-today-93CH-5002435), [Investing.com India](https://in.investing.com/news/stock-market-news/why-is-toyota-motor-stock-surging-today-93CH-5681882) ; Increase of 15% according to [뉴스핌](https://www.newspim.com/news/view/20261105001116) ; Increase of up to 15.5% during trading according to [网通社](https://news.google.com/rss/articles/CBMiWkFVX3lxTFBiYzd3QTdHeTBCR1FwVUc4emFkbldxQUcxeTJNN05NNVFUU2loRXRaN2NJS285Z3VWdzF2OG5oUzdqRjdfdjB5WVctcTNPb3lLWkdObmQydmVEZw?oc=5)
- Reference period for the first profit increase: First operating profit increase in six quarters according to [cbtnews.com](https://www.cbtnews.com/cbt-automotive-newscast-november-04-2026/), [ET Auto](https://auto.economictimes.indiatimes.com/news/industry/toyota-second-quarter-profit-seen-climbing-18-first-increase-in-six-quarters/135547818), [글로벌이코노믹](https://www.g-enews.com/article/Global-Biz/2026/11/2026110420392528282bd56fbc3c_1), [The Daily Star](https://www.thedailystar.net/business/global-economy/news/toyota-set-first-profit-rise-six-quarters-4315781), [financialnewsletter.com](https://financialnewsletter.com/toyota-posts-profit-surge/), [The Business Times](https://news.google.com/rss/articles/CBMizwFBVV95cUxQNE1hNGxCTGlsem5SbjBhdjZzcFgyWTZkMTJjMFotQkEta0pNSXpyZ0RDNEEtMXppZTlUNlpSTGtERFNQNXY4YUdBbG1Cby1mUmpKRXlIVWktYkNNRThIT3RoNmJFcTY1ZlpadGpObE90U21HbDgwY1c5SGpvVDZtSlN4T01ReWJXUE43Q1lPQ3RKMDN5UGxtU1BvUHhLci0yNHVsazJKVktWckZqV0JTWV84eld6dWdsYXA0X09rRE9Td2MxOGxtU20zcTU0bnM?oc=5) ; First profit increase in three years according to [toyotatimes.jp](https://toyotatimes.jp/en/toyota_news/financial_results_2027/002.html?padid=ag478_from_newsroom)

**Updates**

- 5 November 2026 at 18:08: Annual revenue forecast lowered despite the upward revision of profit forecasts.
- 5 November 2026 at 18:08: Annual net profit forecast raised to 3,570 billion yen (compared to 3,250 billion yen).
- 5 November 2026 at 13:34: Q2 Net profit of 759.4 billion yen, lower than the estimate of 769.79 billion yen
- 5 November 2026 at 13:34: Stock price increase confirmed at close: nearly 17%, the largest daily gain in 39 years
- 5 November 2026 at 08:29: Q2 Operating profit: +18% expected by analysts, +34% announced

**Checked on the web**

_Automatic web search, official sources first; “contradicted” only when an official source is cited._

- Not confirmed at this stage: Toyota has raised its forecast for annual operating profit by 500 billion yen to 3,900 billion yen for the fiscal year ending in March 2027. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1094517/000119312526331392/d258414dex992.htm) (official), [businessday.co.za](https://www.businessday.co.za/motoring/2026-11-04-toyota-profit-set-for-first-increase-in-six-quarters/), [boursorama.com](https://www.boursorama.com/actualite-economique/actualites-amp/toyota-releve-ses-previsions-de-benefices-pour-2026-2027-aide-par-un-yen-affaibli-da101492ccf8ca6e87cab7da16a1965f), [autoactu.com](https://www.autoactu.com/actualites/toyota-releve-ses-previsions-aide-par-un-yen-affaibli), [mainichi.jp](https://mainichi.jp/english/articles/20260804/p2g/00m/0bu/036000c))
- Not confirmed at this stage: Semi-annual net income attributable to shareholders reached 2,236.4 billion yen, an increase of 26.1%. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1094517/000119312526331392/d258414dex992.htm) (official), [toyota-industries.com](https://www.toyota-industries.com/company/item/2026_annual_financial_report_E.pdf), [businessday.co.za](https://www.businessday.co.za/motoring/2026-11-04-toyota-profit-set-for-first-increase-in-six-quarters/), [investing.com](https://www.investing.com/news/stock-market-news/toyota-secondquarter-profit-seen-climbing-18-first-increase-in-six-quarters-4997297), [aol.com](https://www.aol.com/articles/toyota-second-quarter-profit-seen-043850000.html))
- Not confirmed at this stage: Operating profit for the second quarter grew by 34% year-on-year, marking the first increase in six quarters. ([boursorama.com](https://www.boursorama.com/bourse/actualites/toyota-releve-ses-previsions-malgre-un-benefice-en-baisse-au-t1-avec-la-faiblesse-en-chine-fdc564d381bd459f9bb0c849bd751f5e), [boursorama.com](https://www.boursorama.com/actualite-economique/actualites-amp/toyota-releve-ses-previsions-de-benefices-pour-2026-2027-aide-par-un-yen-affaibli-da101492ccf8ca6e87cab7da16a1965f), [businessday.co.za](https://www.businessday.co.za/motoring/2026-11-04-toyota-profit-set-for-first-increase-in-six-quarters/), [lerevenu.com](https://www.lerevenu.com/reussir-bourse/coeur-operations/toyota-releve-ses-previsions-malgre-un-benefice-en/), [aol.com](https://www.aol.com/articles/toyota-second-quarter-profit-seen-043850000.html))

## Background

_Context and reference points, separate from the story’s news; every item links to its source._

**Key terms**

- **Share buyback**: Operation by which a company repurchases its own shares; according to the source, share buybacks and dividends together constitute a portion of results distributed to shareholders (approximately 914 billion dollars expected in 2014 for US companies, representing 95% of estimated S&P 500 profits). ([Wikipédia](https://fr.wikipedia.org/wiki/Dividende))
- **Dividend**: Payout made by a company from part of its profits to its shareholders; it involves financial and legal aspects, and decision-making procedures vary by country (in France, shareholders meeting in general assembly decide on the payout). ([Wikipédia](https://fr.wikipedia.org/wiki/Dividende))
- **Operating profit**: Intermediate management balance, also called operating result, which reflects the economic performance of a company in its core business; it does not include financial income or expenses, exceptional items, employee participation, or income taxes. ([Wikipédia](https://fr.wikipedia.org/wiki/R%C3%A9sultat_d%27exploitation))

## Sources by country and language

- China: 20 articles, 14 outlets
- unknown: 19 articles, 15 outlets
- Japan: 10 articles, 8 outlets
- Germany: 5 articles, 4 outlets
- United States: 5 articles, 4 outlets
- France: 3 articles, 3 outlets
- India: 3 articles, 3 outlets
- Brazil: 2 articles, 2 outlets
- South Korea: 2 articles, 2 outlets
- Belgium: 1 articles, 1 outlets
- Canada: 1 articles, 1 outlets
- Switzerland: 1 articles, 1 outlets
- Netherlands: 1 articles, 1 outlets
- Norway: 1 articles, 1 outlets
- Singapore: 1 articles, 1 outlets
- South Africa: 1 articles, 1 outlets

**Languages**: English (36), Chinese (20), Japanese (6), German (4), French (3), Portuguese (3), Korean (2), Dutch (1), unknown (1)

## Timeline (10 events)

### 4 November 2026 — [Toyota: global sales down 4.0% to 5.05 million in first half of 2026](https://mecapress.com/events/3649-toyota-global-sales-down-4-0-to-5-05-million-in-first-half-of-2026.md)

Toyota sold around 5.05 million vehicles in the first half of fiscal year 2026, down 4.0% year-on-year.

2 sources, 2 articles · Worldwide (Japon)

### 4 November 2026 — [Toyota forecasts 18% increase in operating profit in third quarter 2026](https://mecapress.com/events/3912-toyota-forecasts-18-increase-in-operating-profit-in-third-quarter-2026.md)

Toyota anticipates an 18% year-over-year increase in its operating profit in the third quarter of 2026.

2 sources, 10 articles · Japon, Chine, États-Unis, Allemagne, Italie, Suède

### 4 November 2026 — [Hybrid demand could boost Toyota's profits](https://mecapress.com/events/4510-hybrid-demand-could-boost-toyota-s-profits.md)

According to an analysis, strong demand for Toyota's more profitable hybrid vehicles should support an improvement in its quarterly operating results.

1 sources, 1 articles · Japon

### 5 November 2026 — [L'action Toyota bondit de 8,5 %, plus forte hausse depuis juillet 2025](https://mecapress.com/events/4554-l-action-toyota-bondit-de-8-5-plus-forte-hausse-depuis-juillet-2025.md)

Le titre Toyota a grimpé jusqu'à 8,5 % en séance, sa plus forte progression depuis juillet 2025, porté par les perspectives de résultats du groupe.

1 sources, 3 articles · Japon

### 5 November 2026 — [Toyota : bénéfice net trimestriel de 759,4 milliards de yens, sous les attentes](https://mecapress.com/events/4772-toyota-benefice-net-trimestriel-de-759-4-milliards-de-yens-sous-les-attentes.md)

Toyota publie un bénéfice net de 759,4 milliards de yens pour le deuxième trimestre, légèrement inférieur aux 769,8 milliards attendus.

1 sources, 2 articles · Worldwide (Japon)

### 5 November 2026 — [Toyota relève son dividende annuel à 100 yens par action](https://mecapress.com/events/4771-toyota-releve-son-dividende-annuel-a-100-yens-par-action.md)

Toyota annonce porter son dividende de l'exercice en cours à 100 yens par action.

1 sources, 1 articles · Japon

### 5 November 2026 — [Toyota raises annual profit forecast after strong first half](https://mecapress.com/events/4713-toyota-raises-annual-profit-forecast-after-strong-first-half.md)

Toyota reports for its first half of 2026-2027 an operating profit of 2,191.1 billion yen (+185.4 billion) and revenue of 26,962.4 billion. The automaker raises its annual profit forecast by 500 billion, to 3,900 billion yen, with an electrified share of 55.6%.

12 sources, 37 articles · Worldwide (Japon, Chine, États-Unis)

### 5 November 2026 — [Toyota relève son plafond de rachat d'actions à 1 300 milliards de yens](https://mecapress.com/events/4754-toyota-releve-son-plafond-de-rachat-d-actions-a-1-300-milliards-de-yens.md)

Toyota porte son programme de rachat à 610 millions d'actions, soit un plafond de 1 300 milliards de yens, et l'étend via une offre publique d'achat.

1 sources, 1 articles · Japon

### 5 November 2026 — [Toyota prévoit 11 à 14 trillions de yens de retours aux actionnaires sur cinq ans](https://mecapress.com/events/4736-toyota-prevoit-11-a-14-trillions-de-yens-de-retours-aux-actionnaires-sur-cinq.md)

Toyota Motor prévoit d'allouer entre 11 000 et 14 000 milliards de yens à la rémunération de ses actionnaires sur les cinq prochaines années.

2 sources, 2 articles · Japon

### 5 November 2026 — [L'action Toyota bondit de près de 17 % à Tokyo après le relèvement de sa prévision de bénéfice](https://mecapress.com/events/4933-l-action-toyota-bondit-de-pres-de-17-a-tokyo-apres-le-relevement-de-sa.md)

L'action Toyota a signé à Tokyo sa plus forte hausse quotidienne en 39 ans, portée par le relèvement de la prévision de bénéfice annuel du constructeur.

8 sources, 17 articles · Tokyo — Japon, États-Unis

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Cite as: Mecapress, “Toyota raises annual profit forecast despite half-year sales decline”, https://mecapress.com/stories/275-toyota-raises-annual-profit-forecast-despite-half-year-sales-decline
Methodology: https://mecapress.com/methodology