Toyota Motor's net profit for the first quarter of fiscal year 2027 surged by 76% to 1.48 trillion yen, but its stock price still fell by approximately 1.5%.

Toyota Motor announced that its net profit for the first fiscal quarter ended June 30 reached 1.48 trillion yen (approximately $9.4 billion), a 76% year-on-year increase, primarily benefiting from a weaker yen and increased financial income, despite a decline in vehicle sales. The company's revenue grew by 10% to 13.5 trillion yen (approximately $85 billion). Following the earnings release, Toyota Motor's stock price closed down about 1.5% in the Tokyo market.

The company also announced a stock buyback plan of up to 1 trillion yen (approximately $6.3 billion), representing 4.2% of outstanding shares. Additionally, Toyota raised its full-year revenue forecast to 54 trillion yen and its net profit forecast to 3.25 trillion yen.