Toyota Aims for 40% Increase in Non-Vehicle Operating Profit
Toyota Motor is targeting an approximately 40% increase in operating profit from non-vehicle sources, aiming to reach ¥3 trillion ($19.23 billion) by fiscal year 2030. This growth will come primarily through value chain revenue—software updates, leasing, financing, and parts sales tied to the company’s existing global vehicle fleet of around 150 million units. The strategy is centered on software-defined vehicles, with Toyota already offering paid services via smartphone apps for models like GR Yaris and GR Corolla. The automaker also plans to expand its regional presence in Europe and boost used-car sales domestically from about 350,000 annually to 550,000 by 2030. Toyota reported a significant rise in net income for the first quarter of FY2027 and has raised its guidance accordingly. The company is working to strengthen profitability amid challenges such as Middle East conflicts, U.S. import tariffs, and competition from Chinese automakers.
Topics: automotive profit growth software-defined vehicles value chain revenue