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HomeTechnology & InnovationToyota Q2 profits down, but full-year outlook maintained

Toyota Q2 profits down, but full-year outlook maintained


Toyota expected a tough 2024, but while Q2 performance has suffered, the company’s full-year outlook remains virtually unchanged. By Jonathan Storey

Toyota reported a 20% drop in operating profit for its fiscal second-quarter, bringing to an end six consecutive quarters of growth but meeting consensus expectations as the impact of tougher market conditions and non-recurring items was only partly offset by the contributions from favourable forex and cost reduction efforts.

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