Toyota net profit hits 1.48 trillion yen, Honda up 2.3 times — Japan's top seven automakers report April–June results

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Summary · why it matters

The consolidated April–June results for Japan's seven major automakers are now in, with Toyota Motor posting a net profit of 1.477 trillion yen, up 75.6 percent year on year, and Honda roughly 2.3 times higher, as a weaker yen and reduced US tariff burdens lifted earnings. Nissan Motor and Mazda, which were in the red a year earlier, also swung to a profit, and six of the seven companies — all except Subaru — saw earnings improve. A weaker-than-expected yen and lower US tariff rates under the Japan–US agreement provided a tailwind, while sales in North America and Japan remained solid. Honda Chief Financial Officer Masao Kawaguchi noted that the surge in raw material prices triggered by worsening Middle East tensions had also eased from June and did not rise as much as anticipated.

Impact on assets 5

Electrification & Mobility± Mixed
Toyota Motor Corp.
7203
▲ PositiveMonetaryrelevance

Toyota's net profit rose 75.6% to 1.477 trillion yen, boosted by weaker yen and lower US tariffs.

Honda Motor Co., Ltd.
7267
▲ PositiveMonetaryrelevance

Weaker yen and lower US tariffs lifted Honda's earnings, with net profit roughly 2.3 times higher.

Nissan Motor Co., Ltd.
7201
▲ PositiveMonetaryrelevance

Nissan swung to profit, benefiting from weaker yen and reduced US tariff burdens.

Mazda Motor Corp.
7261
▲ PositiveMonetaryrelevance

Mazda swung to profit, aided by weaker yen and reduced US tariff burdens.

Subaru Corporation
7270
▼ NegativeMonetaryrelevance

Subaru was the only automaker with earnings decline, despite weaker yen and tariff relief.