Toyota Motor Corporation: Is It Finally Making The Much-Awaited Shift Towards EVs & HEVs? 

Toyota Motor Corporation recently concluded its fiscal year ended March 2024 with notable financial results and established expectations for the upcoming fiscal year. The company’s actual operating income reached a record JPY 5.35 trillion, significantly bolstered by support and cooperation from various stakeholders, including employees, suppliers, and dealers. This substantial figure reflects the company’s commitment to region and product-based management over many years. Operating income for the fiscal year ending in March 2025 is projected at JPY 4.3 trillion, factoring in a total of JPY 2 trillion investment earmarked for the future. This investment emphasizes the company’s objective of enhancing the appeal of the automotive industry, growing with all stakeholders, and maintaining its profit structure inherited from the previous fiscal year.